CapitaLand India Trust commissions a 21-megawatt captive solar plant in Tamil Nadu

CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tamil Nadu, India. The 21-megawatt (MW) solar plant will generate over 30 million kilowatt-hours (kWh) of electricity annually and meet the power supply needs of 2 million sq ft equivalent of office space. The power generated from the solar plant will be utilised predominantly for the common areas of CLINT’s assets in Tamil Nadu.

 This will increase CLINT’s green energy usage by over 70%, reduce its carbon emissions by more than 17,000 tonnes, as well as reduce its need to purchase power. The facility has an 8 MW expansion potential to bring the solar plant’s total size to 29 MW.

Mr Sanjeev Dasgupta, Chief Executive Officer of CapitaLand India Trust Pte. Ltd. (the Trustee- Manager of CLINT), said: “The solar power plant in Tamil Nadu is testament to our increasing adoption of renewable energy. This is central to CLINT’s decarbonisation strategy and in line with our sponsor CapitaLand Investment’s (CLI) commitment to achieve Net Zero carbon emissions for scope 1 and 2 by 2050. We will continue to actively source green energy to power our portfolio and seek innovations to enhance our sustainability performance throughout our assets’ real estate life cycle, from investment to design, development and operations.”

Mr Vinamra Srivastava, CLI’s Chief Sustainability & Sustainable Investments Officer, said: “The expansion of our renewable energy solutions in India demonstrates CLI’s focus on execution towards achieving our 2030 Sustainability Master Plan targets. In 2022, 26 of CLI’s properties in 7 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 cars1. 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.”

Highlights of CLINT’s sustainability initiatives

CLINT has been stepping up its environmental, social and governance (ESG) efforts to contribute towards achieving CLI’s 2030 Sustainability Master Plan targets. As at December 2023, 99% of CLINT’s business park assets have received green ratings from either the Indian Green Building Council or the US Green Building Council. It has been installing rooftop solar panels across its buildings and procuring green energy through long-term power purchase agreements as part of its efforts to transition to a low-carbon business.

CLINT has been recognised by leading global sustainability benchmarks for its ESG efforts. These recognitions include a 4-star rating for its sustainability achievements in its first year of participating in the 2023 GRESB Real Estate Assessment. CLINT also achieved an ‘A’ for public disclosure.

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