The Business Bytes
New Delhi, July 18, 2024 (TBB Bureau): Tata Power Renewable Energy Ltd (TPREL) has partnered with NHPC Renewable Energy Ltd (NHPC-REL), a state-owned company, to install rooftop solar projects on government buildings belonging to central ministries, states, and union territories.
On Wednesday, a Memorandum of Understanding (MOU) was signed between Deepesh Nanda, CEO & MD of TPREL, and S.P. Rathour, CEO of NHPC-REL, marking the collaboration.
“This collaboration represents a major step forward in our shared vision of a sustainable and green energy future. By leveraging our combined strengths, we are confident in achieving our goal of 100 per cent solarisation by 2025,” Nanda said.
R.P. Goyal, CMD of NHPC, added, “This initiative will not only help us meet our solarisation targets but also contribute significantly to reducing the carbon footprint of government buildings.”
TPREL, a subsidiary of Tata Power, specializes in developing renewable energy projects, including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems with battery storage. The company owns, operates, and maintains these projects.
