CapitaLand India Trust to increase green energy usage by over 70% with captive solar plant
Michelle Zhu
CAPITALAND India Trust (Clint) has set up its first captive solar plant in Tamil Nadu, India, which is expected to increase the trust’s green energy usage by over 70 per cent.
As opposed to centralised power plants which distribute power to multiple end-users, captive power plants generate power for an organisation’s own energy needs.
Clint’s trustee-manager on Thursday (Jan 25) said its captive solar plant will generate over 30 million kilowatt-hours of electricity annually to meet the power supply needs of two million square feet equivalent of office space.
This is expected to lower the trust’s carbon emissions by more than 17,000 tonnes, as well as reduce Clint’s need to purchase power.
The 21-megawatt (MW) facility also has an 8 MW expansion potential to bring its total size to 29 MW, said the trustee-manager.
Sanjeev Dasgupta, chief executive of the trustee-manager, said Clint’s new solar plant marks the expansion of the trust’s renewable energy solutions in India, demonstrating its focus on achieving its 2023 sustainability targets.
“In 2022, 26 of Clint’s properties in seven countries and 10 business parks in India were powered by renewable energy, mitigating about 33,500 tonnes of carbon emissions. This is equivalent to the annual emissions of 7,400 petrol-powered cars,” said Vinamra Srivastava, CapitaLand Investment’s chief sustainability and sustainable investments officer.
“We are piloting various technologies sourced from around the world and will remain nimble in adapting our decarbonisation solutions across different markets to create a sustainable built environment.”
Units of Clint ended Wednesday S$0.01 or 0.9 per cent lower at S$1.09.
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