Mahindra & Mahindra Ltd. (M&M) is adopting a 58 MWp captive solar plant that is expected to generate about 100 million units of power annually beginning 2022.
Located in Parbhani district in the Marathwada region of Maharashtra, the solar plant will be built, owned, and operated for a period of 25 years by ReNew Sunlight Energy, a 100-per cent subsidiary of ReNew Power Private Limited.
According to a press release, this project is a big step from M&M towards the protection and revival of natural ecosystems. The project will quadruple M&M’s renewable power share from 12 pc to 56 pc across Maharashtra including Mumbai, Nashik, Pune, Igatpuri and Nagpur.
Mr Veejay Nakra, CEO, Automotive Division, M&M Ltd., said, “At Mahindra, sustainability is a way of life and a key measure of our success. We are committed to achieving our target of carbon neutrality by 2040 and are well on way to reduce carbon emissions across our manufacturing operations. This new captive solar plant will further our sustainability journey and make a significant contribution in protecting the environment and contributing to Government of India’s solar power target of achieving 175 GW by 2022”.