~ The initiative covers all districts of Tamil Nadu and is backed by 42 channel partners to empower state-wide households to seamlessly transition to clean energy

~ Enables net metering benefits that allow residents to earn credits for excess electricity generated thereby reducing energy bills

~ The initiative supports the Tamil Nadu Government's policies encouraging the promotion and adoption of renewable energy

(Photo Caption: Dr Praveer Sinha, CEO & MD, Tata Power along with Mr Deepesh Nanda, CEO & MD, Tata Power Renewable Energy Ltd at the launch of 'GharGharSolar Tata Power Ke Sangh' initiative at Coimbatore, Tamil Nadu)

Coimbatore, 16th October 2024: Tata Power Renewable Energy Limited (TPREL), India’s foremost renewable energy company and a subsidiary of Tata Power, is proud to announce the expansion of its popular '#GharGharSolar, Tata Power ke Sang' initiative through Tamil Nadu launch.

Following its remarkable success in Rajasthan, Uttar Pradesh, Kerala, and Chhattisgarh, this initiative now aims to bring sustainable and affordable solar energy to households across Tamil Nadu, empowering them to embrace clean energy solutions.

The roll-out event, held in Coimbatore, was attended by Dr. Praveer Sinha, CEO & MD of Tata Power Company Limited, and Mr. Deepesh Nanda, CEO & Managing Director of Tata Power Renewable Energy Limited, alongside senior leadership and esteemed partners. Covering all districts of Tamil Nadu and backed by 42 channel partners, this initiative is set to empower households across the state to seamlessly transition to clean energy.

Tamil Nadu is emerging as a strategic focus for TPREL, playing a pivotal role in the company's growing portfolio. With over 240 MW of installed capacity across residential, commercial, and industrial sectors, the State is poised to become a solar powerhouse. A key project in the region is Tata Power's 4.3 GW Solar Cell and Module Manufacturing Facility in Tirunelveli, which is enhancing the production of indigenous solar cells and modules, reducing reliance on imports, and supporting India's ambitious renewable energy goals. Tamil Nadu has immense renewable potential that spans solar and wind energy, and this has been successfully tapped into through favourable State policies.

"The launch of our highly successful #GharGharSolar initiative in Tamil Nadu is pivotal in supporting the adoption of clean and affordable energy through rooftop solar solutions. This campaign will empower thousands of households across the State to take charge of their energy needs and reduce spending on electricity bills through rooftop solar. The State Government has been constantly encouraging renewable energy adoption, and with this initiative, we look forward to supporting their efforts in making Tamil Nadu the clean energy powerhouse of India." said Dr. Praveer Sinha, CEO & MD of Tata Power.

The '#GharGharSolar' campaign is designed to promote solar adoption by making cutting-edge Rooftop Solar Solutions (RTS) financially accessible. Aligned with the PM Surya Ghar Yojana, residents can benefit from government subsidies of ₹30,000 for 1kW systems, ₹60,000 for 2kW, and ₹78,000 for installations ranging from 3 to 10kW. These incentives drastically reduce the cost of switching to solar, allowing homeowners to embrace green energy with ease.

Beyond installation subsidies, the initiative also offers net metering options, allowing households to earn credits for any surplus electricity generated. These credits can be applied to future bills, further reducing monthly energy costs and maximizing savings from solar investments.

With over 34 years of expertise in the solar industry, Tata Power has been at the forefront of the sustainable energy movement. The company offers a maximum range of benefits to its rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, lifetime service, after-sales support across India, easy financing options, and insurance for solar rooftop systems. The company will aggressively promote solar rooftop adoption through its extensive network of over 500 channel partners and aims to expand its network to 5000 partners, covering every nook and corner of the country. Notably, TPREL has served over 1,00,000 satisfied customers with over 2.5GW rooftop solar installations across India.

Why Tata Power’s Solar Rooftop:

1. Easy financing: Flexible payment options to suit various budgets with attractive financial incentives

2. Advanced technology: State-of-the-art solutions for optimal efficiency and bifacial modules made in India

3. Quick turnaround: Rapid process from inquiry to installation

How to apply for Rooftop Solar (RTS)

Interested customers may call our helpline at 1800 25 77777 to know more about the installation of rooftop solar under the #GharGharSolar campaign.

About Tata Power:

Tata Power is a leading integrated power company and a part of Tata Group, India’s largest multi-national business conglomerate. The company has a diversified portfolio of 15,010 MW, spanning across the entire power value chain - from renewable and conventional energy generation to transmission & distribution, trading, storage solutions and solar cells and module manufacturing. As a pioneer of clean energy transition in India, Tata Power has 6150 MW of clean energy generation, which constitutes 41% of its total capacity. The company has also committed to achieve carbon neutrality before 2045.Tata Power has established India’s most comprehensive clean energy platform, with offerings such as rooftop solar, microgrids, storage solutions, EV charging infrastructure, home automation et al. The company has also attracted global investors to support its growth and vision. Tata Power has successfully partnered with public and private entities in generation, transmission & distribution sectors in India, serving approx.13 million customers across the country. To know more about Tata Power, visit www.tatapower.com

Disclaimer:

The following press release/announcement may contain forward-looking statements within the meaning of applicable securities laws and regulations. These statements are based on management's current views, expectations, assumptions, and projections regarding the Company's future performance, business plans, growth prospects, competitive and regulatory environment, and other related matters. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results to differ materially from those expressed or implied in the statements. Factors that could cause actual results to differ materially from those contemplated in the forward-looking statements are not limited to changes in economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, alterations in the business environment, fluctuations in Government regulations, laws, statutes, judicial pronouncements, and other incidental factors. The Company does not undertake any obligation to publicly update or revise any forward-looking statements based on subsequent events, information, or developments, except as required by applicable laws and regulations.

For more information:

Tata Power- Corporate Communications

Email: mediaquery@tatapower.com

Jyoti Kumar Bansal,
Chief – Branding & Communications, Tata Power
Email: jyotikumar.bansal@tatapower.com

Siddharth Gaur – Head PR, Tata Power

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Ankita Chowdhury,
Head – Marketing & Communications, Tata Power Renewable Energy Limited
Email: jyotikumar.bansal@tatapower.com

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