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.
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: editors@pv-magazine.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.