Havells Signs Agreement to Procure Renewable Power from Kundan Solar’s 15 MW Project – EQ
In Short : Havells has entered into a power procurement agreement with Kundan Solar to source electricity from its 15 MW solar project. This move allows Havells to cut carbon emissions, lower energy costs, and advance its sustainability commitments. The partnership highlights the increasing trend of Indian corporates adopting renewable power to strengthen ESG goals and minimize reliance on grid electricity.
In Detail : Havells has announced an agreement to procure green power from Kundan Solar’s 15 MW solar facility. This strategic move reflects the company’s growing commitment to reducing environmental impact and enhancing its sustainability profile through renewable energy adoption.
The agreement will enable Havells to secure a portion of its energy requirements through solar power, reducing dependence on conventional grid electricity. This shift supports cost stabilization and long-term operational efficiency.
Kundan Solar’s 15 MW project is designed to generate clean energy that can be supplied to corporate buyers under open access arrangements. Havells will benefit from a reliable source of renewable electricity tailored to industrial consumption patterns.
The partnership is part of Havells’ wider sustainability roadmap, which includes lowering its carbon footprint across manufacturing, logistics, and product lifecycles. Procuring solar power directly supports these objectives and aligns with global ESG standards.
With increasing emphasis on green manufacturing, companies like Havells are prioritizing renewable procurement to meet consumer expectations and comply with emerging regulatory norms. This agreement strengthens Havells’ leadership in responsible industrial practices.
The solar project will contribute to significant annual reductions in greenhouse gas emissions. By shifting to cleaner power sources, Havells enhances its environmental credentials and supports India’s national renewable energy targets.
Kundan Solar continues to expand its portfolio of industrial and commercial partnerships, positioning itself as a dependable green power provider. The collaboration with Havells further reinforces its presence in the corporate renewable energy market.
This procurement model offers long-term price stability, shielding Havells from fluctuations in conventional electricity tariffs. Such financial predictability is crucial for manufacturers with continuous energy requirements.
Overall, Havells’ renewable power procurement from Kundan Solar represents a forward-looking step toward sustainable growth. It demonstrates a balanced approach to cost efficiency, environmental responsibility, and strategic energy management.
