CB BureauCipla has announced that it has set up a 30MW solar group-captive project in Tuljapur, Maharashtra. Spread across 115 acres, the project has been commissioned in partnership with AMP Energy India, and is one of the largest solar open-access projects in the state set up by a corporation.
The press release, shared with CauseBecause, mentions that this is in line with Cipla’s environmental, social and governance (ESG) initiatives aimed at developing a holistic sustainability roadmap for the future. By 2025, Cipla plans to achieve carbon and water neutrality, zero waste to landfill, anti-microbial resistance stewardship, and green chemistry.
The solar project will support the company’s green energy requirements for its manufacturing units at Kurkumbh and Patalganga in Maharashtra. It will also help the company avoid carbon dioxide emissions by as much as 35,000 tonnes of carbon dioxide equivalent (tCO2e) annually over its project life of 25 years.
Geena Malhotra, president and global head – manufacturing operations, Cipla, says, ‘The project aims to reduce our environmental footprint and create a positive social impact. We endeavour to continue growing the share of renewable energy across our sites with an aim to contribute to India’s agenda of increasing energy generation from non-fossil fuel sources to 40% by 2030.’
Since FY19, Cipla has added 48MW of solar energy portfolio through various initiatives such as on-site rooftop or ground-mounted solar under RESCO model, third-party solar open-access power purchase agreement, and group-captive solar open-access project.
In May 2019, Cipla had acquired 26% stake in AMP Solar Power System Limited, a wholly owned subsidiary of AMP Solar Technology Private Limited.