ITC Ltd has launched first offsite solar Plant in Tamil Nadu at an investment of Rs.76 crores. The 14.9 MW solar plants will help in reducing CO2 emissions over the course of its lifetime.

The plant has been set up across 56 acres land in Tamil Nadu which generates more than 22 million unit of renewable energy annually for ITC’s hotels, food manufacturing plants, paper manufacturing facility, and printing and packaging factories.

The plant is built using latest solar technologies and systematized with all national and international standards on design and safety.

Sanjiv Rangrass, Group Head, ITC Life Sciences & Technology says, “our large-scale investments in renewable energy assets are an integral part of our low carbon strategy aimed at making a meaningful contribution to a net zero economy.”

The project is lined up with company’s ‘Sustainability 2.0’ Vision. Through this project Company plans to meet 100 per cent of the entire grid requirements from renewable sources by 2030 and contribute meaningfully to combat the threat of climate change. The company has made investments of more than Rs.1,000 crore in renewable energy assets to date, which powers twenty factories, nine hotels, and six office buildings across 12 states. The 46 MW wind power plant in Andhra Pradesh supplies power to over 15 ITC establishments in eight states.

ITC also concentrates in reduction of 50 percent emission and 30 percent decrease in specific energy consumption by 2030 over a 2014-15 baseline.

By considering ITC’s high engagement with the agricultural sector, there are high hopes that other corporates will reconsider and target to go completely green.