Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Power Delivery Agreement (PDA) with Xpro India Limited for the building of a 3.125 MW AC Group Captive Solar Plant via a special purpose vehicle (SPV).

This captive solar power facility will be developed, operated, and maintained by the SPV.

The project, which is located in Achegaon, Maharashtra, is expected to produce 7.128 million units of power per year and would let Xpro India's Polymer Processing Business employ renewable energy.

During the agreement's 25-year life, 161 million units of electricity will be generated, saving roughly 51,660 tonnes of CO2.

Speaking about the partnership, Ashish Khanna, CEO, Tata Power Renewable Energy Limited, stated, "We are pleased to join hands with Xpro India Limited to establish a group captive plant for its polymer processing business. The alliance reflects our commitment to promote the adoption of renewable power in energy intensive businesses and to contribute towards the nation's clean energy transition journey."