ReNew Energy Commissions 27.2 MW Hybrid Renewable Project For Toyota Kirloskar

Toyota Kirloskar Motor (TKM) has inaugurated a 27.2 MW group captive solar and wind renewable energy project, established through a joint venture with ReNew Energy Global Plc, located at Kudligi Taluk, Vijaynagara district of Karnataka State, home to TKM’s existing solar plant.

The green power generated through this project will be exclusively channelled to TKM, leading to an expected reduction of 51 kilo ton/year in CO2 emissions. Notably, this latest accomplishment further reaffirms TKM’s sustained achievement of 100% Renewable Energy in grid electricity since June 2021, it says.

Given Toyota’s business growth, the energy requirement for its manufacturing operations have proportionately increased in the past years. This new renewable energy set-up will cater to such additional green electricity needs of TKM.

“We are delighted to partner with Toyota Kirloskar Motor and support them in their endeavour to adopt sustainable energy sources. ReNew is committed to being a catalyst for global energy transition toward Net Zero and will offer innovative solutions to companies to decarbonize their operations and support their climate goals”, said, Rahula Kashyapa, Vice President, Business Development – B2B Business, ReNew.

Sudeep. S. Dalvi, Senior Vice President, Director and Chief Communication Officer of Toyota Kirloskar Motor, said “We are delighted to announce the 27.2 MW group captive solar and wind renewable energy project, which signifies our unwavering dedication to adopt renewable energy and enhance our green manufacturing operations. All our vehicles are manufactured using green energy source. This collaboration reflects our shared commitment towards reducing carbon emissions, thereby supporting India in achieving its Net Zero carbon emission targets.

TKM’s green energy sourcing which started with mere 6.0% in the year 2014, now boasts of 100% achievement.

In 2017-18, TKM took a step towards achieving self-reliance in renewable energy by installing a rooftop solar power plant and ground mount facilities with a combined capacity of 8.2 MW at its Bidadi premises. Additionally, TKM established an 18 MW open access installation in a dedicated solar park outside its factory premises through ReNew. These initiatives have enabled TKM to gradually increase its renewable energy procurement since FY2014, ensuring sustenance in renewable energy supply for its plant operations.

With the inauguration of the 27.2 MW group captive solar and wind renewable energy project, TKM’s total cumulative green energy adoption is 53.4 MW.  TKM is looking to achieve ‘Net Zero Carbon Emission in Manufacturing’ by its global target timeline of 2035.