+
Saint-Gobain partners with Vibrant Energy to boost renewable power
POWER & RENEWABLE ENERGY

Saint-Gobain partners with Vibrant Energy to boost renewable power

Saint-Gobain, a major player in construction and industrial products, has inked a power purchase agreement (PPA) with Vibrant Energy in India. The agreement, lasting 20 years, will commence in 2024 and enable the supply of wind-solar electricity to six local sites.

As per Saint-Gobain, this PPA will contribute to India's renewable electricity share reaching 65 per cent by 2025. Vibrant Energy, a subsidiary of Macquarie Asset Management's Green Investment Group (MAM-GIG), will deliver 189 GWh of renewable electricity annually, encompassing both solar and wind sources. Consequently, this move is expected to curtail Saint-Gobain's CO2 emissions by approximately 120,000 tonnes per year within India.

B Santhanam, the CEO-Asia Pacific and India Region and Chairman of Saint-Gobain India, stated that this PPA represents a significant stride towards meeting the nation's target of 500 GW of renewable energy and promoting the use of renewable sources in the manufacturing sector. Furthermore, it aligns with Saint-Gobain's broader business strategy and aspiration to achieve 100 per cent renewable energy by 2030.

Also Read
Hyundai & Shell to expand fast charging network at 36 dealerships
Government extends deadline for oilfield auctions


Saint-Gobain, a major player in construction and industrial products, has inked a power purchase agreement (PPA) with Vibrant Energy in India. The agreement, lasting 20 years, will commence in 2024 and enable the supply of wind-solar electricity to six local sites. As per Saint-Gobain, this PPA will contribute to India's renewable electricity share reaching 65 per cent by 2025. Vibrant Energy, a subsidiary of Macquarie Asset Management's Green Investment Group (MAM-GIG), will deliver 189 GWh of renewable electricity annually, encompassing both solar and wind sources. Consequently, this move is expected to curtail Saint-Gobain's CO2 emissions by approximately 120,000 tonnes per year within India. B Santhanam, the CEO-Asia Pacific and India Region and Chairman of Saint-Gobain India, stated that this PPA represents a significant stride towards meeting the nation's target of 500 GW of renewable energy and promoting the use of renewable sources in the manufacturing sector. Furthermore, it aligns with Saint-Gobain's broader business strategy and aspiration to achieve 100 per cent renewable energy by 2030. Also Read Hyundai & Shell to expand fast charging network at 36 dealershipsGovernment extends deadline for oilfield auctions

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code