Havells India Plans To Ramp Up Captive Solar Capacity To 16 MW

Havells India Plans To Ramp Up Solar Capacity To 16 MW

The electrical equipment manufacturer Havells India Ltd. has announced to build a 4.6 MW solar power plant at its Alwar facility in the upcoming fiscal year to increase its solar power capacity to about 16 MW, read a media statement by the company. By making this change, the company will be able to use renewable energy sources, such as solar power, to meet 67% of its entire electricity demand, significantly lowering its Scope 2 emissions, Havells India said.

Currently, Havells India can generate 11.26 MW of solar power or roughly 8.4% of its total electricity usage. With just solar energy, the company was able to offset 7,971 tons of CO2 emissions.

Currently, Havells India can generate 11.26 MW of solar power or roughly 8.4% of its total electricity usage. With just solar energy, the company was able to offset 7,971 tons of CO2 emissions. Havells India Ltd. added that a major focus of its upcoming phase of strategy will be sustainable technologies. The corporation dedicated 46% of its R&D budget for FY 2023–2024 to the development of sustainable products and solutions. The business unveiled the dual-mode solar mini inverter. Furthermore, it has set out on a comprehensive path to cut its carbon impact by 50% by 2030.

The latest data on renewable energy capacity additions released by the Central Electricity Authority (CEA) said that India’s total installed capacity of solar power crossed 75 GW. The data from the government entity said that in the initial two months of 2024, India added a total of 2,257 MW of solar power. The additions are in line with expectations for the Jan-March quarter when installations usually peak. As per CEA, With the latest addition of solar energy capacities, India’s total installed capacity of solar touched 75,575 MW. On the other hand, India’s total installed capacity of wind energy touched 45,153 MW.