- Tata Power Renewable Energy Ltd (TPREL) and NHPC-REL aim to solarize government buildings in India by 2025 under the PM Surya Ghar Yojna Scheme.
- NHPC Ltd, designated by MNRE, will oversee the implementation of rooftop solar projects through its subsidiary NHPC-REL.
On Thursday, Tata Power Company Ltd.’s subsidiary announced that it had entered into a Memorandum of Understanding (MoU) with NHPC Renewable Energy Ltd (NHPC-REL) to spearhead the installation of rooftop solar projects across government buildings of Central ministries, states, and Union Territories.
This collaboration, part of the PM Surya Ghar Yojna Scheme aiming for complete solarization of government-owned buildings by December 2025, underscores their commitment to transforming India’s energy landscape. The company mentioned that the Ministry of New and Renewable Energy (MNRE) has appointed NHPC Ltd as a scheme implementing partner to drive the rooftop solar projects, which its wholly owned subsidiary, NHPC-REL, will carry out.
This powerful alliance is set to support the transformation of India’s energy landscape by harnessing the untapped potential of rooftop spaces on government buildings, fostering a cleaner and greener future.
The company mentioned that the Ministry of New and Renewable Energy (MNRE) has appointed NHPC Ltd as a scheme implementing partner to drive the rooftop solar projects, which its wholly owned subsidiary, NHPC-REL, will carry out.
Deepesh Nanda, CEO & MD of Tata Power Renewable, said, “We are excited to join hands with NHPC-REL in this significant venture to solarize government buildings across India. 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 solarization by 2025, setting a benchmark for renewable energy projects in the country.
Deepesh Nanda, CEO & MD of Tata Power Renewable, highlighted the venture’s significance in advancing India’s sustainable energy future. Meanwhile, Tata Power’s stock showed a 30.78% increase year-to-date, trading slightly lower today amid market fluctuations.