Suzuki Purchases RE From ReNew Power For Indian Plant

Jun 3, 2022 03:57 PM ET
  • Suzuki began procuring electricity from a 17.6-megawatt solar-wind hybrid facility run by ReNew Power, constructed exclusively for the car manufacturer, in May.

Suzuki Motor has started to purchase wind and solar energy for its plant in Gujarat from ReNew Power as part of its drive to reduce around 6% of the Japanese car manufacturer's global co2 emissions. As Suzuki's biggest market, India accounted for around 60% of its global production of four-wheeled vehicles last fiscal year as well as a result will be critical to fulfilling the automaker's decarbonization objectives.

According to a statement launched by the business on Thursday, Suzuki started procuring electricity in May from a 17.6-megawatt solar-wind hybrid facility run by ReNew Power, developed specifically for the automaker. This was the first time the Suzuki team's utilized an offsite corporate power purchase arrangement. The plan will certainly reduce CO2 emissions by about 59,000 lots per year, the automaker claimed.

Having set up 500 kilowatts of solar power capability at the Gujarat plant in 2018, Suzuki Motor increased solar generation at a manufacturing site in the north Indian state of Haryana to 26.3 MW last September. The firm aims to cut emissions per vehicle produced by 25% from monetary 2016 levels by monetary 2025.

The Indian auto market has actually moved emphatically in the direction of renewable resource in recent months, with nearly all the leading firms taking actions to tidy up source of power in the past two years.

Suzuki Motor interestingly has been resisting the push towards EVs, continuously stressing that it did not think the market is ready for them. It has actually rather pushed hybrids as an option. Once more, in the past two months, the kind lastly acknowledged the development of the EV sector, and announced its very own strategies to roll out EVs by 2025-26. As the marketplace leader with anniver half share of the overall market, hopes are high that the firm will certainly do to EVs what it did in the auto sector, namely, introduce smaller, budget-friendly and also reliable EVs.

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