Saint-Gobain India and Sembcorp Green Infra’s subsidiary Green Infra Wind Energy Ltd. (GIWEL) have partnered to sign a long-term wind-solar hybrid energy supply agreement.
Supporting Saint-Gobain’s commitment to achieve carbon neutrality by 2050, Sembcorp will supply 33 mw of locally-sourced renewable power to Saint-Gobain’s manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next 25 years.
The power to Saint-Gobain’s manufacturing facilities will be supplied through a special purpose vehicle (SPV). GIWEL will hold a 74 per cent stake in the SPV, with the remainder stake held by Saint-Gobain India.
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A.R. Unnikrishnan, Managing Director, Saint-Gobain Glass Business stated, “This is step in line with our purpose of making the world a better home. We believe in engaging key stakeholders like customers, suppliers, employees and society at large in making this happen. With like-minded partners like Sembcorp, we are embarking on a low carbon to no-carbon era, a world that all of us can be proud of and for future generations to enjoy.”
Vipul Tuli, CEO of South Asia, Sembcorp Industries said, “The partnership with Saint-Gobain is a strong endorsement of our competitiveness and capabilities in renewable energy, and aligns with Sembcorp’s Brown to Green transformation. By supporting industry leaders like Saint-Gobain in meeting their carbon neutrality goals through such green partnerships, we are demonstrating our long-term commitment to India’s green energy transition. Hybrid wind-solar power is a clean, viable, reliable supply option to support India’s Atmanirbhar manufacturing ambitions.”
To date, Saint-Gobain India has installed multiple solar plants across locations in India. By the end of 2022, the captive solar plants will replace close to 22 million kwh of electricity required. By 2023, Saint-Gobain India will have 44 per cent of its electricity consumption coming from renewables.
Featured photograph shows a manufacturing facility of Saint-Gobain India. Photograph is for representation only.
