Tata Power has signed an MoU with JLL India to promote green energy solutions in the realty space. Representing the two organizations, Dr. Praveer Sinha, CEO & MD, Tata Power and Ms Radha Dhir, CEO & Country Head, India, JLL, signed the MoU in a ceremony held in Mumbai.
Under the collaboration, both the companies will jointly evaluate opportunities across JLL India’s clients’ portfolios to extend Tata Power’s Green Energy solutions. Tata Power will also work with JLL India to support the transition of their existing offices in the country into Green Energy power hubs.
The real estate sector contributes nearly 40 per cent of all greenhouse gas emissions, a release from Tata Power noted.
As part of the collaboration, Tata Power proposes to offer:
- quality, reliable and cost-effective renewable energy through Open Access solutions. In addition, seamless and consumer-friendly metering and billing solutions using smart meters will be installed in all JLL India properties.
- solar rooftops, which will provide clean and green energy, resulting in savings in energy bills
- IoT-based, voice/app-controlled automation-based energy management solutions.
- E-mobility solutions by providing 24*7 EV chargers including installation and annual maintenance. EV Users will be able to connect through the Tata Power EZ Charge mobile application for remote vehicle charging monitoring and e-payments options.
Green lifestyle
According to Dr. Praveer Sinha, CEO & MD, Tata Power, said, “We are delighted to partner with JLL India to usher in Green Energy solutions in the realty space through our clean and green energy solutions. We are confident that our expertise as an EaaS (Energy as a Service) provider will help JLL and its discerning customers to adopt a green and sustainable lifestyle.”
Tipping point
“We are at a tipping point and, to deliver a net zero economy, adoption of renewable and green energy is the need of the hour. While setting or committing to sustainability goals acknowledges the issue’s criticality, efforts must be made to convert commitments into tangible results,” said Radha Dhir, CEO and Country Head, India, JLL.
ESG goals
As part of its ESG roadmap, Tata Power is working towards becoming carbon net zero by 2045. The company also aspires to achieve a clean energy portfolio of 70 per cent by 2030 and 100 per cent before 2045 and is committed to becoming 100 per cent water-neutral and 100 per cent zero waste the landfill before 2030.
Net-zero targets
According to JLL’s 2021 Global Sustainability Report, JLL’s net-zero target aims for the full abatement of 95 per cent of its carbon footprint by 2040. By the end of 2021, JLL had reduced Scope 1 and 2 emissions by 17 per cent from its 2018 baseline year, and the firm is on track to meet its net-zero 2030 target for occupied office space and its vehicle fleet.
JLL is India’s premier and largest professional services firm specializing in real estate and investment management. With a presence in 11 cities, 17 offices, and over 135 client locations across the country, JLL manages over 415 million sqft of space.
