Jubilant to Source 54 MUs from O2 Power’s Hybrid Project

13 Mar 2025 CW Team

Jubilant Ingrevia will procure approximately 54 million units (MU) of power annually for its Gujarat-based manufacturing facility from O2 Power’s wind-solar hybrid project. The power will be supplied through a third-party open access model from an interstate transmission-connected, co-located project in Maharashtra.

The company signed the power purchase agreement (PPA) through its wholly owned subsidiary, Jubilant Infrastructure, enabling its Bharuch plant to meet 50% of its energy needs from renewable sources. Following this deal, 35% of the power requirements for Jubilant’s overall manufacturing facilities will come from renewables.

In FY2024, the company aimed to source 7% of its power from renewables but achieved 5.49%. It has previously signed agreements with O2 Power to supply renewable energy to its facilities in Savli, Gujarat, and Gajraula, Uttar Pradesh, with those projects expected to be commissioned in April 2025.

In January 2025, the Gujarat Electricity Regulatory Commission approved a PPA between Jubilant Infrastructure and O2 Renewable Energy III for 9 MW of wind-solar hybrid power. In FY2024, the company consumed 5.60 million m3 of biogas, 0.10 peta joules of energy from biogas, and 0.08 peta joules of solar energy, leading to savings of Rs 255.7 million at its Gajraula and Bharuch plants.

Jubilant plans to increase its renewable energy share by 2.5 times by 2025. The company also holds a 26% stake in AMP Energy C&I and AMP Energy Green Fifteen to procure power from a 15.5 MW solar project and invested Rs 102.50 million in O2 Renewable Energy XVIII Private Limited in 2024.

(mercom)

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