New Delhi: Commercial vehicles major Tata Motors Ltd on Friday said it has partnered with Welspun Renewable Energy Pvt Ltd to co-develop an 86 MW wind-solar hybrid renewable energy project for supplying power to its four manufacturing plants.
The two companies have joined hands for a Power Purchase Agreement (PPA) to co-develop an 86 MW wind-solar hybrid renewable energy project supplying power to its manufacturing plants in Jharkhand, Uttar Pradesh, Uttarakhand and Karnataka, Tata Motors said in a statement.
The project is estimated to generate 200 million units of clean electricity annually and is expected to offset over 1.4 lakh tonnes of CO2 emissions each year, it added.
Enabled through co-investment and a long-term PPA, this integrated wind-solar hybrid solution will provide a reliable supply of green energy exclusively to Tata Motors' four manufacturing facilities in the covered states, supporting the production of commercial vehicles, the company said.
"This project reflects Tata Motors' continued focus on building greener and more energy-efficient manufacturing operations. The scale and integrated nature of this wind-solar hybrid solution will help us secure a reliable supply of renewable energy for key commercial vehicle manufacturing facilities, while meaningfully reducing carbon emissions across operations on a sustained basis," Tata Motors Vice President -Operations- Vishal Badshah said.
This initiative will significantly catalyse Tata Motors' clean energy transition and support its RE100 target by 2030, the company said.
Welspun Renewable Energy Pvt Ltd MD & CEO Kapil Maheshwari said the partnership with Tata Motors represents a defining milestone in Welspun New Energy's journey.
"We are not merely signing a PPA, we are co-creating a model for how India's largest manufacturers can decarbonise and achieve net zero and sustainability goals," Maheshwari added.
