- TPREL will install 3.125 MW solar power plant under group captive model in Maharashtra’s Himayatnagar
- It will supply power to the housing society Vivarea Condominium in Mumbai once it comes online by October 2023
- Power generated from the project will be sourced by the society for 40% less compared to existing grid tariff it pays
Vivarea Condominium in Mumbai, Maharashtra is set to become the ‘1st’ residential housing society in India to source power from a group captive solar power plant with 3.125 MW capacity, to be installed by Tata Power Renewable Energy Limited (TPREL) in Himayatnagar, in Maharashtra’s Nanded district.
The condominium will become the 1st residential society to use captive solar energy for domestic use, stated TPREL.
The solar project will supply green power at around 40% less tariff than the existing tariff when it comes online by October 2023. The company will construct, operate and maintain the project that will designed to generate close to 7.5 million units of clean energy and offset 6.15 metric tons of CO2 in the 1st year of its operation.
Touting a portfolio of 1.3 GW rooftop and distributed generation projects across India and over 10 GW ground mounted capacity, TPREL says this will concept will ensure a large number of residential consumers have access to green and clean energy and aims to enable more citizens to opt for the model to meet their electricity needs.