By Kavita Mistry 
Considering the captive use by India’s largest electric carmaker, Tata Motors Ltd. and Tata Power Renewable Energy Ltd. are now planning to jointly develop a 131 MW wind-solar power plant.
Tata Developing A Wind-solar Hybrid Renewable Energy Project
On Monday, Tata Motors said that it has inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project.
So far, the Indian conglomerate has not disclosed the location of this project yet.
This project is expected to generate 300 million units of clean electricity annually which will be offsetting the two lakh tonnes of carbon dioxide emissions by the carmaker’s six manufacturing plants in Gujarat and Maharashtra, as per the company’s statement on Monday.
They have already signed a power purchase agreement.
Basically, this move is aligned with Tata Motors’ goal to operate on 100% renewable energy by 2030 for net-zero emissions and “environmentally responsible manufacturing”.
The project is set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO₂ emissions each year, said the Mumbai-based auto major in a statement.
“As a key driver of India’s mobility and logistics ecosystem, Tata Motors Commercial Vehicles is proud to lead by example in sustainable manufacturing.This project reinforces our commitment to integrate renewable energy into our operations and reducing our carbon footprint while meeting our RE-100 goals. It also reflects our broader purpose of delivering mobility solutions that are sustainable at every stage—from production to performance,” said Vishal Badshah, Vice President – Operations, Commercial Vehicles, Tata Motors, while signing the PPA.
Reliable Supply of Green, Cost-effective Energy Exclusively to Tata
“We are committed to transition to clean energy for building a future ready automotive business. With this PPA our plants in Maharashtra and Gujarat will take a significant leap in our journey towards Green Manufacturing, complementing India’s green transition. It’s a defining step towards making our Passenger Vehicle Operations greener, smarter, and more resilient on a sustainable basis,” said Pramod Choudhary, Vice President – Operations, Tata Motors Passenger Vehicles, mentioned.
It appears that this integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors’ six manufacturing facilities in Maharashtra and Gujarat.
Further, supporting the production of both commercial and passenger vehicles, according to the company.
Following this news, Tata Motors shares rose 1.36% to Rs 629.95 apiece on the BSE even as the benchmark S&P BSE Sensex ended the day 1.09% higher at 79,408.50 points on Monday.