The development is set to be completed by March 2024. Credit: Roschetzky Photography via Shutterstock.

Tata Power Renewable Energy Limited (TPREL) and Indian stainless-steel manufacturer Mukand have entered into a power delivery agreement (PDA) for a 43.75MW AC group captive solar project in Maharashtra, India.

The facility is situated in the town of Jamkhed and is expected to produce 99.82 million stainless steel units per year and offset more than 54,687 tons of carbon dioxide emissions annually.

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The plant’s goal is to meet Mukand’s increasing energy needs, as well as contribute to greener steel manufacturing procedures and production in the country.

The group captive solar power facility will be built, operated, and maintained by TPREL.

The project is scheduled for completion in March next year.

TPREL CEO Ashish Khanna said: “The installation of this group captive project is in line with our commitment to provide clean and sustainable energy solutions to our C&I [commercial and industrial] consumers, especially in the energy-intensive sectors.

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“It will help to enhance renewable energy capacity and reduce carbon emissions in the country. Through this partnership we are forging a sustainable energy path for Mukand, a Bajaj Group company.”

Mukand president Shashibhushan Upadhyay added: “This partnership shall contribute to our mission of sourcing clean energy for our manufacturing operation and support us in meeting our climate change commitments.”