Vedanta Invites Bids For Supplying Additional 500 MW of Hybrid Renewable Energy

Vedanta announced Thursday that it has increased its sourcing of green electricity to 1 GW for different operations. It is now seeking bids for 500 MW more renewable energy. The company is inviting expressions of interest in supply of hybrid renewable energy for its manufacturing units located in Rajasthan, Chhattisgarh, and Odisha.

According to the company, it aims to use as much renewable energy as possible by 2030.

Vedanta’s chief safety officer and group chief executive Sunil Duggal said, “This move furthers our journey towards becoming the ESG (environmental, social, and governance) leader in the natural resources sector. It is a crucial step in achieving our 2.5 GW of renewable power by 2030. We are looking forward to collaborating with the best in the industry, as we march ahead on our decarbonisation goals”.

Vedanta previously had 580 MW of green energy available round-the-clock through Serentica Renewables.

To accelerate the transition to net-zero operations, Vedanta has pledged USD 5 billion over the next ten years.

In April this year Vedanta Limited Board has approved plans for the Group to source 580 MW of Renewable Energy for its operations across India. Vedanta had announced that it has signed a Power Delivery Agreement (PDA) with special purpose vehicles (SPVs) i.e. affiliates of Sterlite Power Technologies Pvt Ltd – a company engaged in business to supply hybrid-based power with solar, wind and storage solutions.

Then in May Vedanta Aluminum announced that it will source 380 MW of renewable energy on a long-term contract basis for its smelters. This was done through a power delivery arrangement between Vedanta Ltd. and Special Purpose Vehicles, affiliates of Sterlite Power Technologies Pvt Ltd.