Business EconomyPosted at: Oct 15 2024 7:47PM


ITC expands renewable energy footprint; commissions 2nd offsite solar plant in Karnataka

New Delhi, Oct 15 (UNI) In line with the company’s continuing endeavour to have a ‘climate positive’ impact on the environment, multi-business conglomerate ITC Limited has recently commissioned its second offsite solar plant in Karnataka with a capacity of 9.45 MW in the Davangere district.
As part of its ambitious Sustainability 2.0 Vision, a new paradigm of sustainability that ITC Chairman Sanjiv Puri articulated in 2019, ITC set itself the target to meet 100% of its electricity requirements from renewable sources by 2030.
The facility is ITC’s 4th offsite solar plant in the country, with similar units earlier built in Tamil Nadu, Uttar Pradesh, and Karnataka.
In FY 2023-24, over 50% of ITC’s total energy requirements were already met from renewable sources such as solar, wind, and biomass. Total Energy includes electrical energy as well as thermal energy, the company said in a release.
The offsite solar plant is set to generate around 15 million units every year, providing green energy to the company’s numerous facilities in the state. These include the company’s hotels, such as ITC Gardenia and ITC Windsor, its R&D facility in Bangalore, the ITC Life Sciences and Technology Centre (LSTC), food manufacturing units, including two large integrated facilities in Mysore and Malur, Agri product processing factory, Warehousing & and logistics facility, as well as the ITC Green Centre in Bangalore, an iconic Green Building Office and Information Technology Centre in the state.
Commenting on the initiative, S. Sivakumar, Group Head of Agri, IT Business, and Sustainability at ITC Limited, said, “In line with ITC’s Sustainability 2.0 Vision, it has been our endeavour to accelerate efforts in decarbonisation. Expanding our renewable energy footprint has been one of the key pillars of our low-carbon growth strategy.”.
With this new solar plant, ITC’s total share of electrical renewable energy in the state of Karnataka will be close to 90%. The plant, spread over 26 acres, is built with the latest bi-facial module technology and string inverters and complies to national and international standards on design and safety.
This solar plant will help reduce 12,000 tonnes of greenhouse gas emissions every year. In its endeavour to contribute to a ‘cleaner and greener’ environment, ITC has been expanding its renewable energy footprint over the past two decades.
The company has already made significant investments in renewable energy assets and is in the advanced stage of setting up multiple offsite solar projects across several states in the country. ITC’s renewable electricity capacity presently is over 200 MW, covering both solar and wind power plants, the company release stated. UNI SKB AKS
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