UPL and CleanMax to collaborate on hybrid solar-wind project

Agricultural solutions company, UPL Ltd. and CleanMax Enviro Energy Solutions (CleanMax) have entered into a joint venture to establish a hybrid solar-wind energy power plant in Gujarat. The project shall entail a capacity of 61.05 MW, with 28.05 MW of solar power and 33 MW of wind power.

As a result of the joint venture, UPL will increase its renewable energy usage to 30 per cent of its total global power consumption as against 8 per cent at present. The captive project will also lead to carbon abatement of 1.25 Lakh tonnes of co2 equivalent per annum. As per a company statement by CleanMax, the said project is a part of a larger wind solar hybrid farm developed by CleanMax in Gujarat. The overall capacity of the CleanMax’s wind solar hybrid farm stands at over 400 MW; comprising 230 MW wind and 180 MW solar leading to an overall offset in emissions of 8.75 Lakh tonnes of CO2 equivalent per annum.

In December 2021, CleanMax received $34 million in funding from the Danish Investment Fund for Developing Countries (IFU). The company is expected to utilize the funding to enhance its commercial and industrial (C&I) renewable energy portfolio in India, the Middle East, and Southeast Asia. In states such as Karnataka, Gujarat, Maharashtra, Haryana, Uttar Pradesh, and Tamil Nadu, it has lined up new solar, wind, and wind-solar hybrid projects.

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