Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has signed an agreement with Vivarea Condominium, a residential society in Mumbai, to supply solar power. A first of its kind, the 3.125 MW solar plant will be set up at Himayatnagar, Maharashtra to power the society with clean energy.
TPREL will undertake the construction, operation, and maintenance of this captive solar power plant, which is expected to generate about 7.5 MU of energy and offset 6.15 metric tonnes of CO2 in the first year itself. The project will be commissioned by October 2023 and will provide green power at approximately 40% less than the cost of existing tariff to Vivarea Condominium.
With the installation of this group captive solar plant, Tata Power will enable Vivarea Condominium to become the country’s first residential society to use captive solar energy for domestic usage. The project is aligned with the company’s continued commitment to providing energy security, energy equity, and energy sustainability to its consumers.
"We are happy to announce our ground-breaking partnership with the Vivarea Condominium, Mumbai to provide clean power for residential purpose through our captive solar plant. This association is a testament to TPREL’s continued efforts to mainstream the use of renewable energy." said Shivram Bikkina, Chief - Rooftop, Tata Power Renewable Energy.
"Vivarea Condominium is extremely delighted to partner with Tata Power on a group captive solar open access that will produce green energy for our use. We will be the first in the country to get green power at roughly 40% less than the cost of the existing tariff. With the backing of all the residents, we have always been at the forefront when it comes to switching to clean energy. We believe that investment in green energy is investment in the future of mankind." said Mitesh Mehta, Honrary President, Vivarea Condominium.