- Vibrant Energy has entered an agreement with Saint-Gobain for 189 GWh hybrid renewable energy supply
- It will be provided on RTC basis for 20 years from a 100 MW DC/75 MW AC wind-solar hybrid project in Madhya Pradesh
- PPA will come into effect from 2024 onward and help Saint-Gobain bring down its CO2 emissions by around 120,000 tons annually
France headquartered industrial products company Saint-Gobain has signed up a long-term power purchase agreement (PPA) with Macquarie Group’s Vibrant Energy for round-the-clock (RTC) power supply from a 100 MW DC/75 MW AC wind-solar hybrid project for its 6 local India sites.
A portfolio company of Macquarie Asset Management’s Green Investment Group (MAM GIG), Vibrant Energy will establish this project in Madhya Pradesh and connect it to the interstate transmission system (ISTS) to supply electricity to Saint-Gobain for 20 years.
The PPA will kick into effect from 2024 when Vibrant will start supplying Saint-Gobain with 189 GWh renewable energy annually. The French company says this project’s will bring down its carbon emissions in India by around 120,000 tons annually and help it achieve 65% renewable energy share for its India facilities by 2025-end.
Saint-Gobain’s overarching ambition is to achieve 100% renewable electricity in India by 2030, and carbon neutrality globally by 2050.
Vibrant is operating and delivering around 2 GW of renewable energy solutions for corporates. Its CEO Srinivasan Viswanathan says the Saint-Gobain project should encourage other industry players to accelerate their net-zero plans.
In December 2022, Vibrant announced a corporate PPA with Amazon for a 300 MW wind-solar hybrid capacity in Madhya Pradesh and Karnataka (see India PV News Snippets).