Saint-Gobain, Sembcorp deal for green power growth
Sembcorp to supply 33 MW of locally sourced wind solar hybrid power to Saint-Gobain’s manufacturing facilities
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Hyderabad: Saint-Gobain India and Sembcorp Green Infra's (SGIL) subsidiary Green Infra Wind Energy Ltd (GIWEL) have signed a long-term wind-solar hybrid energy supply agreement. SGIL is a wholly owned subsidiary of leading energy and urban solutions provider, Sembcorp Industries. Supporting Saint-Gobain's commitment to achieve carbon neutrality by 2050, Sembcorp will supply 33MW of locally sourced renewable power to Saint-Gobain's manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next 25 years.
The power to Saint-Gobain's manufacturing facilities will be supplied through a special purpose vehicle (SPV). GIWEL will hold a 74 per cent stake in the SPV, with the remainder stake held by Saint-Gobain India.
"This step is in line with our purpose of making the world a better home. We believe in engaging key stakeholders including customers, suppliers, employees and society at large in making this happen. With like-minded partners such as Sembcorp, we are embarking on a low carbon to no-carbon era, a world that all of us can be proud of and for future generations to enjoy," AR Unnikrishnan, Managing Director, Saint-Gobain Glass Business said.
"Saint-Gobain's businesses across India have focused emphasis on sustainable growth and are aligned with the sustainable energy goals of India. We are excited to have the association with Sembcorp for providing renewable energy sourced locally in India," Venkat Subramanian, Managing Director, Saint-Gobain Gyproc Business said.
"This association shall further support our aim to manufacture sustainable construction material in India. Aimed at fulfilling the ambitious target of 100 per cent green Power by 2027-28, the agreement with Sembcorp is also another step in our continued efforts to add more green capacity through collaboration with green power generators and to meet our sustainability targets,'' Venkat added.
"The partnership with Saint-Gobain is an endorsement of our competitiveness and capabilities in renewable energy, and aligns with Sembcorp's brown to green transformation. By supporting industry leaders such as Saint-Gobain in meeting their carbon neutrality goals through such green partnerships, we are demonstrating our long-term commitment to India's green energy transition. Hybrid wind-solar power is a clean, viable, reliable supply option to support India's Atmanirbhar manufacturing ambitions," Vipul Tuli, CEO of South Asia, Sembcorp Industries said.
