US-based Cargill to Expand Renewable Energy Portfolio in India with CleanMax JV

0
213

The venture would supply 70-80 per cent of the facility electricity needs through a wind and solar hybrid power park in Karnataka.

Cargill, a US-based global food corporation making progress in its operations with new renewable energy projects, announcing 10 new global renewable energy projects, most of which will be on line in the next year. Cargill currently uses 15 different renewable energy sources around the world, including wind and solar power. The renewable energy projects represent a vital component of Cargill’s expanding renewable energy portfolio and progress against its climate commitment to reduce overall greenhouse gas (GHG) emissions from its operations 10% by 2025 (against a 2017 baseline). This is in addition to its commitment to reduce GHG emissions in its global supply chains by 30% per ton of product by 2030, also measured against a 2017 baseline. Both climate change commitments are science-based targets and are aligned with the Paris Agreement and the U.N. Sustainable Development Goals.

Cargill’s facility in Davangere, India, launched a joint venture with local renewable energy provider CleanMax to supply 70-80% of the facility’s electricity needs through a wind/solar hybrid power park in the state of Karnataka. The partnership will help eliminate 29,865 mt of carbon dioxide emissions per year.

In addition to the benefits these renewable energy projects provide to Cargill’s operations and the environment, they will also provide economic benefits to their respective regions and states in the form of jobs, landowner and tax payments and money spent in local communities to help enhance schools, roads and other essential services.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.