Tata Cleantech Capital funds largest Private Solar Rooftop System

By shubhamagarwal

Posted on April 12, 2017

Tata Cleantech Capital Limited (TCCL) is a joint venture of Tata Capital Limited, a subsidiary of Tata Sons Limited and International Finance Corporation (IFC), a member of the World Bank Group. TCCL offers end to end business solutions in the clean technology space. It identifies, evaluates & funds projects in renewable energy (solar, wind, small hydro, biomass etc.), energy efficiency and water treatment sectors. It has funded over 2 GW renewable energy projects so far.

TCCL has recently funded a solar rooftop project, installed by the National Centre for Performing Arts (NCPA), with an amount of Rs 2.36 crore. The project is operated by Avesta Solar Pvt. Ltd.

This project is a solar PV System having a capacity of 450 KW per year based in Mumbai adopting a sustainable power model that will generate around 6,30,000 units of clean solar power every year. The project was inaugurated by Hon. Chief Minister Shri. Devendra Fadnavis at Mumbai, on 29 March 2017.

The installation aims at reducing the buildings’ CO2 emissions by more than 525 tons per year reducing over 1/3^rd of the building’s electricity consumption. Most importantly, the installation will help in generating over 50,000 units of electricity per month and will also export extra power to the electricity grid as it is connected under the Solar Net Metering policy of the Maharashtra Government.

Avesta Solar Pvt. Ltd is going to maintain the system for the next 20 years. The components installed by Avesta Solar in this project has been from reputed global firms like German company SMA for Inverters, high efficient 320 Wp Solar Panels from Canadian Solar and German make Module Mounting Structures form Schletter.

Khushroo Suntook, Chairman of National Centre for Performing Arts (NCPA), said, “Sustainability is truly the need of the hour.  As one of the largest art and cultural institution, we have over 700 events taking place in an year across multiple venues within our premises, involving varying quantum of power consumption. This rooftop solar power project is, therefore, an extremely crucial step demonstrating our commitment to sustainability as well as the society at large.”

 

Tata Cleantech Capital funds largest Private Solar Rooftop System