Vibrant Energy and Saint-Gobain India have entered a long-term power purchase agreement (PPA) to deliver round-the-clock wind-solar hybrid energy to Saint-Gobain’s facilities in India.
As a part of the PPA, Vibrant Energy, a portfolio company of Macquarie Asset Management’s Green Investment Group (MAM-GIG), will set up a 75 MW AC /100 MW DC interstate transmission system (ISTS) connected wind-solar hybrid project in Madhya Pradesh.
Saint-Gobain India is the India arm of French construction material provider Saint-Gobain. It targets 100% renewable energy by 2030.
With the addition of the latest project, Saint-Gobain India will meet 65% of the electricity consumption across its facilities in India through renewables by the end of 2025.
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