Tata Power Renewable Energy Limited has signed a Power Delivery Agreement (PDA) with Xpro India Limited, through a special purpose vehicle (SPV), for the development of a 3.125 MW AC Group Captive Solar Plant. The SPV shall develop, operate, and maintain this captive solar power facility. Located in Achegaon, Maharashtra, the plant is expected to produce 7.128 million units of electricity annually and will support the use of renewable energy for Xpro India's Polymer Processing Business.

161 million units of electricity will be generated during the agreement term of 25 years and will mitigate approximately 51,660 tons of carbon dioxide emissions. Group captive projects offer a stable tariff throughout the PDA terms, unaffected by regulatory changes seen in short-term contracts. Recently, TPREL had entered into a PDA with Sanyo Special Steel Manufacturing India Pvt.

Ltd. for a Captive Solar Plant with a capacity of 28.125 megawatts (AC) and a Captive PDA for 4.4 megawatts (AC) with the ANAND Group, a prominent global leader in the automotive systems and parts industry. With this addition, TPREL's total renewable utility capacity is 7,836 MW including 3,690 MW projects under various stages of implementation and its operational capacity is 4,146 MW, which includes 3,153 MW solar and 993 MW wind.