Tata Motors has announced that it entered into a Power Purchase Agreement (PPA) with Tata Power to develop a 4 MWp on-site solar project at the manufacturer’s Pune commercial vehicle manufacturing facility.
According to a press release from Tata Motors, the installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonne of carbon emission which is equivalent to planting over 16 lakh teak trees over a lifetime.
Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Tata Motors, said, “We have been exploring different avenues and business models for using renewable energy to promote sustainable business growth.”
Interestingly, in FY22, the total renewable energy contribution at Tata Motors’ CV Pune plant was 32%. On the contrary the company, during the same period, generated 92.39 million kWh of renewable electricity from across all its plants in India, which is 19.4% of the total power consumption leading financial saving of INR 27.37 crore.
However with the current agreement, the company aims to move closer to its goals of using 100% renewable energy capacity.