UPL and CLEANMAX Collaborate on New Renewable Energy Project in India
UPL Ltd., a global provider of sustainable agriculture solutions, announced a joint venture with CleanMax Enviro Energy Solutions, a renewable energy company based in Mumbai, to develop a hybrid solar-wind energy power plant in Gujarat, India.
UPL and CleanMax will build and manage a hybrid captive power plant with a solar capacity of 28.05 MW and a wind capacity of 33 MW. This project would enable UPL to expand its renewable energy usage to 30% of its total global power consumption (up from 8% currently) by combining two of the fastest-growing renewable energy technologies. Due to their complementary nature, wind solar hybrid power plants are highly efficient, providing a reliable and continuous power supply that helps to manage power loads.
Jai Shroff, Global CEO of UPL, said:
“At UPL, we are committed to Reimagining Sustainability internally as well as with our farming partners. Ensuring we have access to reliable, clean energy will help us realise that vision as we significantly reduce our carbon footprint. We look forward to welcoming CleanMax to our OpenAg network through this partnership and are excited to be joining India’s green energy wave.”
Kuldeep Jain, Founder & Managing Director, CleanMax, said:
“This 61.05 MW captive wind-solar hybrid project is a part of a larger wind solar hybrid farm developed by CleanMax in Gujarat. The overall capacity of the CleanMax wind solar hybrid farm stands at over 400 MW comprising 230 MW wind and 180 MW solar leading to carbon abatement of 8.75 Lakh tonnes of CO2 equivalent per annum.
“We are excited to partner with UPL. The hybrid plant combines wind and solar power to maintain a consistently high supply of renewable energy to UPL across months and different times of the day."