1. Home
  2. Business & Finance
  3. SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project – EQ Mag
SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project – EQ Mag

SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project – EQ Mag

0
0

This unique Power Purchase Agreement to procure 5.5 MW is part of the German Technology Group SCHOTT’s global commitment to achieve climate neutrality by 2030, as well as India’s aim to reduce carbon emissions to 45% within the same deadline.

The international technology group SCHOTT has entered into an agreement with CleanMax Enviro Energy Solutions, Asia’s leading C&I renewable energy company for purchasing green energy from a 5.5 MW renewable energy (Wind – Solar hybrid) project in Babra, Gujarat, India.

The green energy will be utilized to run SCHOTT’s operations at its glass tubing factory in Jambusar, Bharuch, Gujarat. This agreement comes under the aegis of SCHOTT’s commitment to becoming climate neutral across its production by 2030. To switch its electricity supply to 100% green energy, SCHOTT is also relying on power purchase agreements (PPAs). PPAs are contracts with operators of renewable energy plants, such as wind or solar farms.

CleanMax will set up and operate a hybrid power plant with a capacity of 3.6 MW Wind and 1.9 MW Solar and supply power to SCHOTT’s glass facility in Jambusar, Gujarat (India). [CF1] The PPA is for a period of 20 years.

Kuldeep Jain, MD CleanMax, said, “CleanMax strives to be the sustainability partner of choice for corporates and companies. This PPA with Schott Glass is another feather in our cap and we are proud to aid the sustainability efforts being undertaken at Schott Glass.”

Welcoming this move, Pawan Shukla, Managing Director SCHOTT Glass India, said, “We are very proud to have signed this PPA with CleanMax as a part of our global commitment to become climate neutral. Apart from the fact that this will reduce our energy cost by a significant percentage, it is our valuable contribution to India’s aim to reduce carbon emissions by 45% by the end of 2030”.

The 5.5 MW Wind – Solar hybrid project will lead to carbon abatement of approximately 16,000 tons CO2 equivalent annually. This is equivalent to planting 420 trees or taking 2,750 cars off the roads. This project capacity is part of a larger wind solar hybrid farm being developed by CleanMax in Babra, Gujarat. The overall capacity of the CleanMax wind solar hybrid farm will stand at 400 MW, leading to carbon abatement of more than 870,000 tons CO2 equivalent annually.

SCHOTT strategy: Four action fields for climate neutrality

In 2020, SCHOTT had announced its plan to become climate neutral across its production by 2030. The company wants to achieve its goal of climate neutrality through an action plan with four pillars. It is focusing on technology change in addition to switching to 100% green electricity. Another field of action is improving energy efficiency. The last step in the company’s plan is compensating its remaining emissions. The company has launched important projects to develop more climate-friendly melting technologies.

Specialty glass production requires a lot of energy. To manufacture pharmaceutical glass tubing, or protective smartphone cover glass, SCHOTT requires temperatures of up to 1,700° Celsius to melt the raw materials for glass. Its melting furnaces have primarily relied on fossil fuel natural gas. They consume the largest share of energy at SCHOTT, and therefore cause most of its carbon emissions.

At the start of the Zero Carbon program, SCHOTT’s global emissions were around one million tons of carbon dioxide equivalents (CO2e). By 2022, the company has reduced its carbon emissions by more than 60%, despite an increase in energy consumption due to production facilities’ high-capacity utilization and the construction of new ones.

Source: ANI
Anand Gupta Editor - EQ Int'l Media Network