Tata Cleantech funds largest pvt solar rooftop
Tata Cleantech Capital Ltd (TCCL) - a joint venture between Tata Capital and International Finance Corporation (IFC), has funded the solar rooftop project at the National Centre for Performing Arts (NCPA), established and installed by Avesta Solar Private Ltd (ASPL) in Mumbai. TCCL, the sole lender, disbursed a total of Rs 2.36 crore to this project; the largest solar rooftop project in Mumbai.
Due to the close proximity to the sea, the team had to anticipate and work around challenges like heavy wind loads and corrosion damage to solar panels while executing this project. The NCPA plays host to over 600 performances annually and will stand to benefit greatly from this – given that the project has a capacity of over 450 KW, with an effective reduction in Greenhouse gases to the tune of 15,000 metric tonnes over its life-span of 25 years. The installation which has a life span of over 20-25 years is capable of generating around 6.5 lakh units and is estimated to save NCPA’s exchequer around Rs 50 lakhs per year. The project was monitored from its conception to completion by Freddy Talati, CEO of the Associated Building Company.