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Tata Motors, Welspun Renewable Energy Partner to Develop 86 MW Wind-Solar Hybrid Project

By

Chitrika Grover

5d agoen

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Saur EnergyTata Motors, Welspun Renewable Energy Partner to Develop 86 MW Wind-Solar Hybrid Projectsaurenergy.com
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Tata Motors Ltd., India’s largest commercial vehicle manufacturer, has joined hands with Welspun Renewable Energy Private Limited (WREPL) to co-develop an 86 MW wind-solar hybrid renewable energy project. This hybrid project would supply power to Tata Motors’ manufacturing plants in Jharkhand, Uttar Pradesh, Uttarakhand and Karnataka, thereby contributing to the company’s RE100 target. In a press release, Tata Motors explained that the project is undertaken through a co-investment and a long-term Power Purchase Agreement (PPA) to supply power through this integrated wind-solar hybrid project to Tata Motors’ four manufacturing facilities. The firm would support the production of commercial vehicles in the covered states. Tata Motors Advances Heavy Commercial Vehicle Growth The announcement comes at a time when Tata Motors is witnessing growth in its Heavy Commercial Vehicle (HCV) business, driven by increased freight availability, infrastructure development, and mining activity. In a recent release, the company said demand for its Intermediate, Light and Medium Commercial Vehicles (ILMCV) continues to be supported by the e-commerce, FMCG, courier, and parcel segments. The Commercial Vehicles Passenger (CVPU) business is also witnessing improving momentum in last-mile mobility, with electric small commercial vehicles (SCVs) and pick-ups achieving their highest-ever salience of around 10% during May and June. Meanwhile, demand in the commercial passenger vehicle segment remains strong, supported by school transport requirements and government orders. Leadership Views On the latest PPA signing, Vishal Badshah, Vice President – Operations, Tata Motors Ltd, said, "This project reflects Tata Motors’ continued focus on building greener and more energy-efficient manufacturing operations. The scale and integrated nature of this wind-solar hybrid solution will help us secure a reliable supply of renewable energy for key commercial vehicle manufacturing facilities, while meaningfully reducing carbon emissions across operations on a sustained basis. Collaborations like these are critical as we progress to fulfil our RE-100 commitment and net-zero aspirations." Speaking on the occasion, Kapil Maheshwari, MD & CEO, Welspun Renewable Energy Private Limited, said, “This partnership with Tata Motors represents a defining milestone in Welspun New Energy's journey. We are not merely signing a PPA , we are co-creating a model for how India's largest manufacturers can decarbonize and achieve net zero and sustainability goals.At Welspun New Energy, we remain committed to building resilient, future-ready renewable energy infrastructure for both Utilities and C&I consumers”

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