JK Tyre Secures 5 MW Solar Power Through STTY RE Stake to Advance Green Energy Goals – EQ
In Short : JK Tyre will source 5 MW of solar energy from STTY RE by acquiring a 26% stake for ₹1.22 crore under a 25-year captive power agreement. The move supports its RE100 commitment to transition to 100% renewable energy. This initiative will help reduce greenhouse gas emissions and boost the company’s sustainable manufacturing efforts.
In Detail : JK Tyre has announced plans to source 5 MW of solar energy from STTY RE as part of its renewable energy transition. To facilitate this, the company will acquire a 26% equity stake in the solar project for ₹1.22 crore. The power will be supplied under a 25-year captive power agreement.
This strategic move supports JK Tyre’s long-term sustainability goals, including its commitment to the global RE100 initiative, which targets 100% renewable energy usage across operations. By securing clean energy through captive arrangements, the company aims to ensure reliable and cost-effective power supply for its manufacturing units.
The 5 MW solar project will directly supply renewable electricity to JK Tyre’s facilities, helping the company reduce dependence on fossil fuels. Captive power models are increasingly favored by industries for their economic and environmental benefits, especially amid rising energy costs and emissions regulations.
In addition to meeting clean energy targets, the initiative is expected to significantly reduce the company’s carbon footprint. Renewable energy adoption will help curb greenhouse gas emissions, contributing to broader climate action efforts within India’s industrial sector.
JK Tyre has been taking consistent steps toward sustainability, including energy efficiency upgrades and green manufacturing practices. This solar partnership marks another milestone in the company’s transition to cleaner energy sources.
As part of its RE100 roadmap, JK Tyre plans to expand renewable energy procurement in the coming years. Collaborations like the one with STTY RE will be key to scaling its green power share and driving long-term environmental impact.
