As the world seeks to battle a worldwide temperature alteration and environmental change, corporates across the world are working to put more into securing and delivering clean energy. This is particularly so considering the way that corporates hold a critical obligation over fossil fuel by-products in light of the utilization of petroleum products for their operations.
Understanding the need to meet India’s SDGs, a few corporate giants in India are taking measured steps towards clean energy.
Here are the top three companies in India working for clean energy.
The country’s biggest power generator, NTPC, through its environmentally friendly power arm has resolved to develop what might be India’s biggest single solar power park of 4.75 gigawatts in Kutch.
NTPC’s current total installed generation capacity stands at 66 GW. Out of this, thermal (coal+gas) is 61 GW, hydro 3.7 GW, solar 1 GW and the balance is from the wind.
Apart from solar and wind power projects, NTPC is also looking to invest in green hydrogen and green methanol – cleaner fuels that are manufactured at units powered by renewable energy.
Reliance Industries Limited
Reliance Industries Limited has made an expenditure of Rs. 75,000 crores on clean energy.
RIL chairman Mukesh Ambani said at the organization’s annual general meeting that it would spend Rs. 60,000 crore on four ‘Giga factories’ to deliver solar cell modules, hydrogen fuel cells and a battery grid to store power on 5,000 acres of land at Jamnagar, Gujarat.
He added that the balance of Rs. 15,000 crore would go into value chains, partnerships, and futuristic technologies. RIL has promised to go net carbon zero by 2035.
Gas Authority of India Limited
GAIL has resolved to invest about Rs 5,000 crore to build a portfolio of at least 1 gigawatts of renewable energy and set up compressed biogas as well as ethanol plants as it steps up efforts to expand the business beyond natural gas.
GAIL has signed up with state-run power gear maker BHEL for a renewable energy foray. The tie-up looks to leverage the competitive strengths of both companies. GAIL will be the project developer and BHEL will be a project manager and EPC (engineering, procurement and construction) contractor.