TP Renewable Microgrid will partner with Smart Power India and the Institute for Transformative Technologies to address the lack of access to affordable, reliable and clean energy amongst Indians.
The firm is expected to develop over 10,000 microgrid plants to provide clean power to nearly 5 million households, directly impacting the lives of 25 million people over the next decade.
Tata Power will operate and manage the new company which is expected to reduce carbon emissions by 1 million tons per year and the amount of diesel burned by 57 million litres yearly.
TP Renewable Microgrid will also provide ancillary microenterprise services to benefit communities.
Microgrids is a hot topic disrupting the energy industry and is also set for discussion at the Indian Utility Week and POWERGEN INDIA conference. Click here to register to attend and for more information about the event.
"We are proud to bring energy to millions of people. Once at scale, TP Renewable Microgrid Ltd. anticipates supporting 100,000 rural enterprises, creating 10,000 new green jobs, and providing irrigation for over 400,000 local farmers," said Tata Power CEO Praveer Sinha."