UltraTech Cement to source renewable energy from CleanMax SPV – EQ
In Short : UltraTech Cement has partnered with CleanMax Solar to source renewable energy through a Special Purpose Vehicle (SPV). This collaboration aims to reduce the company’s carbon footprint and reliance on conventional energy. The agreement supports UltraTech’s sustainability goals, providing cost-effective, clean energy for its manufacturing facilities, and contributing to India’s broader renewable energy targets and climate objectives.
In Detail : UltraTech Cement has entered into an agreement with CleanMax Solar to source renewable energy through a Special Purpose Vehicle (SPV). This move is part of the company’s commitment to reducing its carbon footprint and transitioning towards more sustainable energy sources. The collaboration will enable UltraTech to meet its renewable energy goals and support India’s clean energy transition.
The partnership will involve CleanMax Solar providing UltraTech Cement with a dedicated renewable energy supply, reducing the company’s reliance on conventional power sources. The deal will not only help UltraTech lower its operational carbon emissions but also contribute to the country’s renewable energy capacity.
As part of the agreement, UltraTech Cement is expected to benefit from clean and cost-effective energy, which will power its manufacturing facilities. This initiative is aligned with UltraTech’s broader sustainability targets, including the commitment to reducing carbon intensity and achieving net-zero emissions in the future.
CleanMax Solar, a leading player in the renewable energy sector, specializes in providing clean energy solutions to industrial and commercial clients. The partnership with UltraTech Cement will further strengthen its position in the market while contributing to India’s renewable energy growth.
This collaboration reflects a growing trend among Indian companies to adopt renewable energy solutions, driven by both environmental goals and economic benefits. It also supports the national mission of scaling up renewable energy production to reduce dependence on fossil fuels and curb climate change.
By sourcing renewable energy, UltraTech Cement is not only advancing its sustainability agenda but also setting an example for other companies in the cement industry and beyond, demonstrating the potential of clean energy solutions in achieving business and environmental objectives.
