Sembcorp Energy India’s step-down subsidiary Green Infra Wind Energy Ltd (GIWEL) has signed a long-term wind-solar hybrid energy supply agreement with Saint-Gobain India, the India arm of French construction material provider Saint-Gobain. Under the agreement, Sembcorp will supply 33 MW of renewable power to Saint-Gobain’s manufacturing facilities in Sriperumbudur, Perundurai, and Tiruvallur for 25 years.
GIWEL will develop the renewable power plant through a special purpose vehicle (SPV). It will hold a 74% stake in the SPV, with the remainder owned by Saint-Gobain India.
Saint-Gobain targets carbon neutrality by 2050. “Aimed at fulfilling the ambitious target of 100% green power by 2027-28, the agreement with Sembcorp is another step in our continued efforts to add more green capacity through collaboration with green power generators and to meet our sustainability targets,’’ said Venkat Subramanian, managing director of Saint-Gobain Gyproc Business.
To date, Saint-Gobain India has installed multiple solar plants in India. By December end, these captive solar plants will replace close to 22 million units of electricity required. And by 2023, Saint-Gobain India will have 44% of its electricity consumption coming from renewables.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.