Solar glass and construction materials manufacturer Saint-Gobain India has entered a power purchase agreement (PPA) to source wind and solar power from 33 MW capacity from Green Infra Wind Energy Ltd (GIWEL), a subsidiary of Sembcorp Green Infra (SGIL).
GIWEL will supply this clean energy to the Indian arm of French multinational under a 25-year and locally sourced wind-solar hybrid energy supply agreement. It will be supplied by a special purpose vehicle (SPV) in which GIWEL will be 74% stakeholder and Saint-Gobain India holding remaining stake.
Power sourced will be used by Saint-Gobain India for its manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur in Tamil Nadu as the company targets to achieve carbon neutrality by 2050. In March 2022, the company opened its 3 facilities at Sriperumbudur one of which concerns the manufacturing of float glass aimed to meet the needs of automotive, architectural and solar applications.
Saint-Gobain India says to date it has installed multiple solar plants across India, and by the end of 2022 aims for its captive solar power plants to replace around 22 MIL units of electricity required. By 2023, it targets renewables to account for 44% of its electricity consumption.
"This association shall further support our aim to manufacture sustainable construction material in India. Aimed at fulfilling the ambitious target of 100% Green Power by 2027-28, the agreement with Sembcorp is also another step in our continued efforts to add more green capacity through collaboration with green power generators and to meet our sustainability targets,'' said Managing Director of Saint-Gobain Gyproc Business, Venkat Subramanian.