Sembcorp supplies Saint-Gobain with renewable energy for 25 years - Economic Times

Sembcorp supplies Saint-Gobain with renewable energy for 25 years – Economic Times

Leading energy producer Sembcorp said Tuesday it has signed an agreement to supply 33 megawatts of electricity generated from renewable sources to manufacturing facilities for a period of 25 years, helping the building materials company achieve its carbon reduction goals.

and Green Infra Wind Energy Ltd (GIWEL) of Sembcorp’s subsidiary Green Infra, Green Infra has entered into a partnership to sign a long-term agreement to supply wind and solar hybrid power.”

SGIL is a wholly owned subsidiary of Sembcorp Industries (Sembcorp), a leading provider of energy and urban solutions.

“In support of Saint-Gobain’s commitment to achieving carbon neutrality by 2050, Sembcorp will supply 33 megawatts of domestic renewable energy to Saint-Gobain’s manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next 25 years,” the company said.

Power will be supplied to Saint-Gobain’s manufacturing facilities by a Special Purpose Vehicle (SPV). GIWEL will own 74 percent of SPV’s shares, while Saint-Gobain India will own the remainder.

“The partnership with Saint-Gobain is a strong support for our competitiveness and renewable energy capabilities, and is in line with Sembcorp’s Brown transformation to Green,” said Vipul Tulli, CEO of South Asia, Sembcorp Industries.

By supporting industry leaders like Saint-Gobain in achieving their goals of carbon neutrality through such green partnerships, Sembcorp demonstrates its long-term commitment to green energy transformation in India. “Wind-solar-hybrid energy is a clean, viable and reliable supply option to support India’s industrialization ambitions Atmanirbhar.”

AR Unnikrishnan, General Manager of Saint-Gobain Glass Business stated, “This move is in line with our goal of making the world a better home. We believe in engaging key stakeholders such as customers, suppliers, employees, and society at large in making this happen.. with our like-minded partners such as Sembcorp. We embarked on a low-carbon era into a zero-carbon era, a world we can all be proud of and enjoy for future generations.”

Venkat Subramanian, General Manager of Saint-Gobain Gyproc Business, said, “Saint-Gobain’s business across India has focused on sustainable growth and aligns with India’s sustainable energy goals. We are excited to have a partnership with Sembcorp to provide locally sourced renewable energy in India.

This association should support our goal of manufacturing sustainable building materials in India. The agreement with Sembcorp aims to achieve the ambitious target of 100 percent green energy by 2027-28, which is also another step in our ongoing efforts to add more green capacity by collaborating with green power generators and achieving our sustainability goals.

In line with India’s goals for a sustainable economy, Saint-Gobain India has focused its expansion and development goals in line with sustainable and renewable energy goals.

Through various initiatives such as converting high carbon fossil fuels to natural gas, migrating solid fuels to biomass, recovering waste heat and reusing and recycling measures, the group in India has achieved its mid-term goals set for 2025 early on.

So far, Saint-Gobain India has installed several solar power plants across locations in India. By 2023, 44 percent of Saint-Gobain’s electricity consumption in India will come from renewables. Rainwater harvesting, urban forest development, and biodiversity measures remain key focus areas under climate action.

As the world strives for a low-carbon future, Sembcorp announced in May 2021 a quadrupling of its total renewable energy capacity to 10 gigawatts by 2025 from 2.6 gigawatts in 2020, and a 25% reduction by 2025 in greenhouse gas emissions. (GHG) of 2020.

Sembcorp’s renewable energy capacity is 5.7 GW with wind and solar power offerings in key markets such as India, Singapore, Vietnam and China.

“With this association, Sembcorp solidifies its position as one of India’s leading suppliers of renewable energy to reputable commercial and industrial consumers through bilateral power purchase agreements,” the statement said.

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