Grasim Taps 70 MW Hybrid Power With Prozeal

• Grasim locks 70 MW wind-solar hybrid with Prozeal, securing long-term green power to cut emissions and energy costs amid India’s surging industrial decarbonization push.

Grasim Industries Ltd, a diversified Indian maker of cement, chemicals and textiles, will invest in and contract the output from 70 MW of wind-solar hybrid capacity in India being developed by EPC contractor Prozeal Green Energy. The arrangement secures renewable power supply for Grasim’s operations under a long-term offtake.

The project adds to India’s growing hybrid pipeline aimed at lowering power costs and emissions for heavy industry. Financial terms and commissioning timelines were not disclosed. Prozeal will build and operate the assets, while Grasim locks in green energy to meet sustainability targets and hedge against grid and fossil-fuel price volatility.

How will Grasim’s 70 MW wind-solar hybrid offtake impact energy costs and emissions?

• Expected annual clean generation of roughly 230–270 GWh (assuming a 38–44% plant load factor typical for wind–solar hybrids), directly displacing grid electricity for Grasim
  
• Avoided emissions on the order of 160,000–210,000 tCO2 per year (using an Indian grid intensity of ~0.7–0.8 tCO2/MWh)
  
• Delivered cost of power likely in the INR 3.0–4.0/kWh range for hybrid offtake, versus typical C&I grid tariffs of INR 6–9/kWh, implying 30–60% energy cost reduction depending on state and tariff slab
  
• Lower exposure to fuel-adjustment surcharges and coal price pass-throughs embedded in thermal tariffs, improving budget certainty over the long-term PPA
• If structured as captive/group-captive, potential avoidance of cross-subsidy surcharge and reduced additional surcharges, further widening the savings spread
• Hybrid profile smooths output compared with standalone solar or wind, cutting balancing costs, improving scheduling accuracy, and reducing deviation penalties
• Higher round-the-clock renewable coverage reduces reliance on costly peak power from the grid and trims diesel genset use during outages
  
• Helps meet Renewable Purchase Obligations and accelerates progress toward science-based Scope 2 targets, lowering emissions intensity per tonne of product
• Lowers the need for purchasing external offsets/RECs to meet sustainability goals, substituting with direct green supply
• Provides a hedge against prospective carbon pricing and border-adjustment risks tied to energy-intensive exports
• Signals procurement scale that can be replicated across sites, enabling portfolio-level contracting and further unit-cost reductions over time