A contract to put up a 966 MW round-the-clock hybrid renewable power project for Tata Steel was awarded to Tata Power Renewable Energy through its subsidiary TP Vardhaman Surya Ltd. According to a corporate statement, the project has a hybrid renewable capacity of 379 MW solar and 587 MW wind power. One of the most geographically varied steel companies in the world is Tata Steel, which has an annual capacity of 35 million tonnes of crude steel (MnTPA).
This project will save 23,89,160 tonnes of CO2 emissions yearly and meet a sizable portion of Tata Steel’s green energy needs in India. Tata Steel will contribute 26% of the equity to the aforementioned project. According to the agreement, the project will be commissioned on June 1st, 2025.
In a statement, Tata Power CEO and MD Praveer Sinha said: “The 966 MW RTC (round-the-clock) hybrid renewable power project marks a significant step towards our combined efforts to accelerate the adoption of clean and green energy to meet the net zero target.” According to T V Narendran, CEO & MD of Tata Steel, “This agreement coincides with our sustainability agenda and will help reduce the carbon emissions linked to our operations. Since we think that renewable energy is the way of the future, this agreement enables us to take a step in the right direction toward realizing our goal of net zero emissions by 2045.
With the completion of this project, Tata Power Renewable Energy’s total renewable energy capacity will be 7,756 MW, with 4,059 MW of that capacity installed (including 3,107 MW of solar and 952 MW of wind) and 3,697 MW in various phases of implementation.
