Mahindra & Mahindra To Adopt Captive Solar Plant in Maharashtra To Generate 100 Million Units of Power Annually

Mumbai, July 28: Automobile main Mahindra & Mahindra (M&M) will undertake a 58 MW captive photo voltaic plant that's anticipated to generate about 100 million items of energy yearly starting 2023.

Accordingly, the plant is situated in Parbhani district in the Marathwada area of Maharashtra, the photo voltaic plant will likely be constructed, owned, and operated for a interval of 25 years by ReNew Sunlight Energy, which is a 100 per cent subsidiary of ReNew Power.

"This project is a big step from M&M towards the protection and revival of natural ecosystems. The project will quadruple M&M's renewable power share from 12 to 56 per cent across Maharashtra including Mumbai, Nashik, Pune, Igatpuri and Nagpur."

"With this project, M&M is set to make significant progress towards the achievement of carbon neutrality and 'Science Based Targets' by mitigating 79,000 tons of carbon emissions per year."

As per the corporate, that is equal to nurturing 3.7 million timber yearly or the supply of a yr's provide of energy to about 20,650 Indian households. Mahindra Group Launches ‘Oxygen on Wheels’ Free Initiative To Supply Oxygen to Hospitals & Other Treatment Centres.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M: "We are committed to achieving our target of carbon neutrality by 2040 and are well on 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 2023".

(The above story first appeared on SociallyKeeda on Jul 28, 2021 04:04 PM IST. For extra information and updates on politics, world, sports activities, leisure and life-style, go browsing to our web site latestly.com).