Tata Power arm to set up solar project for Viraj Profile

Tata Power Renewable Energy, a branch of Tata Power, said it will set up a 100 MW solar power plant for Viraj Profile (VPPL) in Maharashtra. VPPL is a stainless steel manufacturer, which owns and operates a factory in Tarapur in Nandgaon.

The plant is expected to generate approximately 200 MUs of energy annually and offset approximately 170.43 million kg of CO2. With the commissioning of this plant, Viraj Profile's reliance on non-renewable energy sources will be reduced by approximately 50%.

The project is expected to go live in July 2023, TPREL said without sharing financial details of the project. According to industry estimates, setting up every 1 MW of solar capacity requires an investment of more than Rs 4.5 crore.

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