Tata Power Renewables to set up India's first group captive solar plant for a residential society

Signs an agreement with Vivarea Condominium in Mumbai to supply clean power

To install 3.125 MW solar plant at Himayatnagar, Maharashtra, to supply solar power to the society??

Tata Power Renewable?Energy Limited (TPREL), one of India’s largest integrated renewable energy companies and 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 ene- rgy."?said?Mr Shivram Bikkina, Chief - Rooftop, Tata Power Renewable Energy Limited.

Tata Power’s commitment to enabling more and more citizens to adopt a sustainable lifestyle is in consonance with its ‘Sustainable is Attainable’ campaign, aimed at propagating and popularising the cause of a green and sustainable future. TPREL is a pioneer in the installation of solar projects across commercial and industrial space, and through this initiative, access to green and clean energy will be made available to a large number of residential consumers as well.

"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 Mr. Mitesh Mehta, Honrary President, Vivarea Condominium.

Tata Power Renewable Energy Limited (TPREL) is one of the most significant renewable energy players in the country. The company has been India’s No. 1 solar Rooftop EPC player for the last eight years. It has a portfolio of more than 10 GWp?of ground-mount utility-scale solar projects and over 1.3 GW of rooftop and distributed generation projects across the country. TPREL is also one of the largest solar manufacturers in India; it operates a world-class manufacturing unit in Bangalore, with a production capacity of 1,135 MW of modules and cells. The total renewables capacity of TPREL is 6,048 MW with an installed capacity of 3,884 MW (Solar - 2,956 MW & Wind - 928 MW) and 2,164 MW under various stages of implementation.

About Tata Power Renewable Energy Limited:

Tata Power Renewable Energy Limited ("TPREL") is a subsidiary of Tata Power Company Limited and is one of the most significant renewable energy players in the country. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems, including battery storage) that it owns, operates, and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility-scale projects, solar rooftops, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of over 1.1 GW at Bengaluru and plans to set up a Greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector.

As of date, TPREL’s total renewable utility capacity is 6,048 MW including 2,164 MW projects under various stages of implementation, and its operational capacity is 3,884 MW which includes 2,956 MW solar and 928 MW wind. Presently, the company's solar EPC portfolio is more than 10 GWp of ground-mount utility-scale, over 1.3 GW of rooftop and distributed ground-mounted systems, and over 93,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.

About Tata Power:

Tata Power (NSE: TATAPOWER; BSE:500400) is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14101 MW. The Company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution and trading.

The Company had developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 5241 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 37% of the overall portfolio, the company is a leader in clean energy generation.

It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.

Tata Power is currently serving more than 12 million consumers via its Discoms, under public-private partnership model viz Tata Power Delhi Distribution Ltd. with Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha.

With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al.

With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com