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Covestro (India) Private Limited has signed a 25-year power purchase agreement (PPA) with Amplus Solar Shakti Private Limited, a subsidiary of Amplus Energy Solutions, to enhance its sustainability initiatives and reduce its carbon footprint. The agreement will see Covestro fulfill 60% of its annual energy needs at its Greater Noida facility through solar power, aligning with its commitment to renewable energy.
The collaboration is expected to significantly reduce CO2 emissions by up to 5,000 tons annually, thanks to the integration of 5.5 MW of solar energy. This move supports Covestro’s transition toward a circular economy by reducing reliance on non-renewable energy sources and minimizing its environmental impact.
Amplus Solar Shakti, part of the Petronas Group, will oversee the solar power supply while ensuring rigorous compliance with legal and regulatory standards throughout the project. The deal underscores Covestro’s commitment to long-term renewable energy solutions, reinforcing its position as a leader in green energy within the chemical industry.
The partnership is also seen as a reflection of the Indian government’s support for the growth of renewable energy, contributing to the country’s broader sustainability and energy goals. |
