Jindal Stainless signed a contract with ReNew Power to develop a utility-scale captive renewable energy project for the supply of power to its facility in Jajpur, Odisha. The Project will generate 700 million units per year through a mix of solar and wind technologies. This innovative Wind-Solar hybrid solution, with a high-Capacity Utilization Factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity. With this, ReNew Power also brings its Round the Clock (RTC) solution to the B2B space.
Jindal Stainless is taking deliberate initiatives to achieve its Environmental, Social and Governance (ESG) goals and transition to sustainable manufacturing. The Company initiated Project Samanvay to assess its preparedness as per select ESG indices and develop a strategic roadmap for the future.
ReNew Power is supporting corporates meet their decarbonising goals by helping them transition to clean energy to power their operations. This transition aligns with the Government of India’s climate goals of achieving Net Zero by 2070 and will also help India reduce its GDP emissions intensity by 45% by 2030.
