Indian pharmaceutical major Cipla will be procuring solar from a 20 MWac (30 MWdc) group captive project in Tuljapur, Maharashtra. Spread across 115 acres, the solar project has been commissioned in partnership with AMP Energy India.
A group captive model is an arrangement through which a developer sets up a power project for the collective use of multiple industrial or commercial consumers who have 26% equity in the project and must consume 51% of the power produced.
Many big businesses are taking to group captive arrangements to comply with their renewable purchase obligations.
According to Cipla, this project is among the largest solar open access projects set up by a private company in the state. The engineering, procurement, and construction (EPC) services for the project is provided by Enrich Energy.
The project will support the company’s green energy requirements for its manufacturing units at Kurkumbh and Patalganga in Maharashtra.
It will also help the company avoid carbon dioxide emissions by as much as 35,000 tonnes of carbon dioxide equivalent (tCO2e) annually over its project life of 25 years.
The company has added 48 MW of solar energy portfolio through various initiatives such as an on-site rooftop or ground-mounted solar under the RESCO model, a third-party solar open access power purchase agreement, and a group captive solar open access project since 2019.
Cipla plans to achieve carbon and water neutrality, zero waste to landfill, anti-microbial resistance stewardship, and green chemistry by 2025.
This is a Businesswire Feed; edited by Clean-Future Team