Green Infra Wind Energy Ltd (GIWEL), a subsidiary of Sembcorp Energy India, has signed a long-term hybrid wind-solar power supply agreement with Saint-Gobain India, the Indian arm of French building materials supplier Saint-Gobain . Under the agreement, Sembcorp will supply 33 MW of renewable energy to Saint-Gobain’s generation facilities in Sriperumbudur, Perundurai and Tiruvallur for 25 years.
GIWEL will develop the renewable power plant through a special purpose vehicle (SPV). It will hold a 74% stake in the SPV, with the balance held by Saint-Gobain India.
Saint-Gobain is aiming for carbon neutrality by 2050 to achieve our sustainable development goals,” said Venkat Subramanian, Managing Director of Saint-Gobain Gyproc Business.
To date, Saint-Gobain India has installed several solar power plants in India. By the end of December, these captive solar power plants will replace nearly 22 million units of needed electricity. And by 2023, Saint-Gobain India will see 44% of its electricity consumption coming from renewable energies.
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