ITC expands renewable energy footprint by commissioning its 2nd Offsite Solar Plant in Karnataka, 4th in the country

Reaffirms its commitment to meet 100% of electrical energy needs from renewable sources by 2030

 

·         In FY 2023-24, over 50% of ITC’s total energy requirements were met from renewable sources.

·         The new Karnataka solar project will help ITC reduce CO₂ emissions by over 12,000 tonnes every year. With this, ITC’s share of electrical renewable energy in total consumption in the state will be close to 90%

·         ITC has set itself the target to meet 100% of electricity requirements from renewable sources by 2030 as a part of its ambitious Sustainability 2.0 Vision

·         ITC’s renewable electricity capacity presently is over 200 MW covering both solar and wind power.

 

New Delhi. ITC Limited, one of India’s leading multi-business conglomerates and a global exemplar in sustainability, had set itself the target to meet 100% of electricity requirements from renewable sources by 2030 as a part of its ambitious Sustainability 2.0 Vision, a new paradigm of sustainability vision articulated by ITC Chairman Mr. Sanjiv Puri in 2019. In line with the Company’s continuing endeavour to have a ‘climate positive’ impact on the environment, ITC has recently commissioned its second offsite solar plant in Karnataka with a capacity of 9.45 MW in the Davangere district. The facility is ITC’s 4^th offsite solar plant in the country, with similar units earlier built in Tamil Nadu, Uttar Pradesh and Karnataka.

In FY 2023-24, over 50% of ITC’s total energy requirements were already met from renewable sources such as solar, wind and biomass. Total Energy includes electrical energy as well as thermal energy.

The offsite solar plant is set to generate around 15 million units every year, providing green energy to the company’s numerous facilities in the state. These include the Company’s hotels such as ITC Gardenia and ITC Windsor, its R&D facility in Bangalore – the ITC Life Sciences and Technology Centre (LSTC), foods manufacturing units including two large Integrated facilities in Mysore and Malur, Agri product processing factory, Warehousing & Logistics facility as well as ITC Green Centre in Bangalore – an iconic Green Building Office and Information Technology Centre in the state.

Commenting on the initiative, Mr S. Sivakumar, Group Head of Agri, IT Business and Sustainability at ITC Limited said, “In line with ITC’s Sustainability 2.0 Vision, it has been our endeavour to accelerate efforts in decarbonisation. Expanding our renewable energy footprint has been one of the key pillars of our low-carbon growth strategy”.

zeeshan.ali@mslgroup.com