Volvo Group India Inks Pact with CleanMax Solar for Long-Term Power Supply

The move is expected to reduce Volvo’s CO2 emission by 3,380 tonnes per year, and will also helps in reducing it’s operating costs.

Volvo Group India Pvt Ltd (VGIPL) has entered into a 10-year pact with Gurgaon-based CleanMax Solar for supply of 2.75 MW solar power for it’s truck manufacturing facilities in Bengaluru.

As per the deal, the company is expecting to start receiving power supply, from CleanMax Solar’s Ballari unit, from May 2018 for its Hoskote and Peenya manufacturing plants in Bengaluru.

The move is expected to reduce the company’s CO2 emission by 3,380 tonnes per year, and will also helps in reducing it’s operating costs.

Further, the deal was signed by Volvo Group India, President and Managing Director, Kamal Bali and CleanMax Solar, Co-founder, Andrew Hines.

Commenting on the deal, CleanMax Solar, Co-founder, Andrew Hines said, “By supplying 60 per cent of their power requirement from our solar farm, Volvo will see significant operating cost savings, while also making an impressive reduction in their CO2 emissions.”

CleanMax Solar is a rooftop solar power development company and is the provider of on-site solar power in India with more than 250 projects totaling 145 MW.

Source: Business Line