Tata Power to set up solar plant at Solapur site to power CEAT facility
POWER & RENEWABLE ENERGY

Tata Power to set up solar plant at Solapur site to power CEAT facility

Tata Power will set up a 10 MW captive solar plant at its Solapur facility, which will power CEAT’s tyre manufacturing facility in Bhandup, Mumbai.

CEAT informed the media that Tata Power has formed a special purpose vehicle (SPV)—TP Akkalkot Renewable Ltd—which will take up the construction, operation and maintenance of the solar power plant.

CEAT will own a 26% stake in the SPV, while Tata power will hold 74%, according to the captive generation rules, it said.

The company said that the power produced would be utilised for captive consumption by CEAT's Bhandup plant. Additionally, the plant is anticipated to generate about 21 million units of energy per year and will yearly offset about 17.43 million kg of carbon dioxide.

Kumar Subbiah, Chief Financial Officer, CEAT, told the media that the partnership with Tata Power for setting up a solar power generation plant in Maharashtra implies their continued commitment towards a shift to sustainable energy.

The company said that the installation of the 10 MW captive solar plant will not only lessen CEAT's dependency on non-renewable energy but will also be a notable milestone in the company's aim towards carbon neutrality.

Image Source


Also read: Azure Power, Tata Power win wind-solar hybrid auction in Maharashtra

Also read: ACME, ReNew win 500 MW solar project in Maharashtra

Tata Power will set up a 10 MW captive solar plant at its Solapur facility, which will power CEAT’s tyre manufacturing facility in Bhandup, Mumbai. CEAT informed the media that Tata Power has formed a special purpose vehicle (SPV)—TP Akkalkot Renewable Ltd—which will take up the construction, operation and maintenance of the solar power plant. CEAT will own a 26% stake in the SPV, while Tata power will hold 74%, according to the captive generation rules, it said. The company said that the power produced would be utilised for captive consumption by CEAT's Bhandup plant. Additionally, the plant is anticipated to generate about 21 million units of energy per year and will yearly offset about 17.43 million kg of carbon dioxide. Kumar Subbiah, Chief Financial Officer, CEAT, told the media that the partnership with Tata Power for setting up a solar power generation plant in Maharashtra implies their continued commitment towards a shift to sustainable energy. The company said that the installation of the 10 MW captive solar plant will not only lessen CEAT's dependency on non-renewable energy but will also be a notable milestone in the company's aim towards carbon neutrality. Image Source Also read: Azure Power, Tata Power win wind-solar hybrid auction in Maharashtra Also read: ACME, ReNew win 500 MW solar project in Maharashtra

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?