Mahindra & Mahindra Ltd. (M&M) has announced it is adopting a 58 MWp captive solar plant in the Indian State of Maharashtra. The plant is expected to generate about 100 million units of power annually beginning 2022.
Located in the Parbhani district in the Marathwada region, the solar plant will be built, owned, and operated for 25 years by ReNew Sunlight Energy Private Limited, a 100% subsidiary of Haryana-based developer ReNew Power.
The project will quadruple M&M’s renewable power share from 12% to 56% across Maharashtra, including Mumbai, Nashik, Pune, Igatpuri, and Nagpur. It will help M&M mitigate 79,000 tons of carbon emissions per year, which is equivalent to nurturing 3.7 million trees every year or providing a year’s supply of power to about 20,650 Indian households.
Speaking about the announcement, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd, said: “We are committed to achieving our target of carbon neutrality by 2040 and are well on the way to reduce carbon emissions across our manufacturing operations. This new captive solar plant will further our sustainability journey and make a significant contribution in protecting the environment and contributing to Government of India’s solar power target of achieving 175 GW by 2022”.
M&M’s journey of mitigating carbon emissions across its manufacturing locations and using renewable energy started with its first project of 0.06 MW at the Igatpuri plant. With the latest captive solar plant, it will reach a RE capacity of 78 MWp.
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