As a part of its Sustainability 2.0 Vision, ITC is planning to invest further in strengthening its renewable energy portfolio in order to contribute meaningfully to the fight against climate change.
ITC has been expanding its renewable energy footprint over the past two decades.
The company has already made significant investments in renewable energy assets (Wind and Solar projects combined). This will improve the Renewable Energy share of the company by an additional 6% from current levels.
Current renewable energy portfolio
The current renewables portfolio of ITC consists of 138 MW of wind power plants and 14 MW of Solar plants with 53MW of additional solar capacity under execution.
Projects are also underway in the area of other sources of renewable energy like solar boiler or biomass boilers.
At present, ITC uses renewable energy across 20 factories, 9 hotels and 6 office buildings spanning states including Telengana, Tamil Nadu, Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Delhi, Bihar, Haryana, West Bengal and Punjab.
In 2018, ITC became the first private sector entity to wheel renewable energy across states through the Inter-State Open Access mechanism.
Currently, the 46MW Wind power plant in Andhra Pradesh owned by ITC supplies power to over 15 ITC establishments in 8 states.
This has led to a higher renewable energy utilization for the company.
Besides investing in new renewable energy assets, ITC also aims to achieve a 50% reduction in specific emissions and a 30% reduction in specific energy consumption by 2030 over a 2014-15 baseline.
Such efforts in decarbonizing energy consumption through low-carbon energy solutions will be met through large-scale digitalisation and R&D initiatives, cross-sectoral collaborations and partnerships, the company said.
ITC LIMITED GROUP HEAD –R&D, SUSTAINABILITY AND PROJECTS SANJIV RANGRASS SAID, “AS A SUSTAINABILITY PIONEER AND AN EXEMPLAR IN ENVIRONMENT STEWARDSHIP, ITC HAS BEEN EMPHASIZING ON THE NEED TO DECARBONIZE ENERGY CONSUMPTION THROUGH GREEN ENERGY SOLUTIONS IN ORDER TO MITIGATE CLIMATE CHANGE RISKS.”
“Since making sustainability a core objective in all business operations two decades ago, we have worked on a low carbon growth plan, in which expanding our renewable energy portfolio is our top priority. To pursue continuous improvement in energy and emission related performance, we have taken up specific energy and Greenhouse Gas emission reduction targets. The results of our 360-degree sustainability initiatives are manifest in the company’s decade-long achievements even as our businesses expand rapidly together with the creation of 6 million sustainable livelihoods,” the company said.
ITC is currently executing several offsite solar projects totalling 50 megawatts in several states such as Bihar (5.1 MW), Uttar Pradesh (9 MW), Karnataka (13.4 MW), Haryana (7 MW) and Tamil Nadu (14.9 MW) to expand its renewable energy footprint further.
It is also pursuing an offsite solar project in West Bengal to meet the huge electricity needs of ITC’s establishments within the state.
Driving innovation further, large areas of ITC’s Integrated Consumer Goods Manufacturing and Logistics (ICML) facilities and rooftops of factories and warehouses are being used for solar power generation.
ITC is also executing onsite solar projects in West Bengal (2.7 MW) and Tamil Nadu (3 MW).
This article first appeared in the NFA Post and is republished with permission.
