Tata Power Renewable in deal with steel maker Sanyo to set up captive solar plant

Tata Power Renewable Energy Ltd. on Thursday said that it has signed a power delivery agreement with Sanyo Special Steel Manufacturing India Pvt. Ltd. (SSMI) to set up a captive solar plant in Aachegaon, Maharashtra.

The project will likely be commissioned by March 2024.

The project, the company said, is in line with the objectives of the National Green Energy Policy, as it will help reduce SSMI’s carbon footprint by 42,534 tonne annually.

The solar power will meet SSMI's green power requirements and contribute towards United Nations Sustainable Development Goals, the company added. The overall capacity of the Aachegaon facility is 120 MWp AC.

This project aligns with SSMI's long-term strategy towards climate change by reducing dependency on fossil fuel-based energy, lowering the carbon footprint, and manufacturing green steel.