Mahindra & Mahindra Ltd, a global enterprise based in India, has recently adopted a 58 MWp captive solar plant. According to various reports, the plant is expected to generate more than 100 million units of power starting from Q1 of 2022. The plant is located in Parbhani, Maharashtra and it will be owned, operated, and built by ReNew Sunlight Energy Pvt Ltd for 25 years. This new project is expected to be a big boost for M&M’s effort towards revival and protection of nature. The latest move will quadruple the company’s energy output from 12 percent to 56 percent across various regions in Maharashtra, including Pune, Nashik, Nagpur, Igatpuri, and Mumbai.
M&M will soon achieve carbon neutrality at this rate, and the stats show that the effort is equal to nurturing more than 3.7 million trees annually. CEO of M&M’s Automotive Division, Veejay Nakra, has stated that the company is always supportive of sustainability, and it helps them in measuring success. He furthermore added that they are fully committed to achieving their target of becoming carbon neutral by 2040. The new captive solar plant will help the company walk the sustainability path, and it will continue to contribute greatly to conserve the environment.
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