Covestro (India) Private Limited, a prominent manufacturer of high-performance polymers, has solidified its commitment to sustainable practices with a significant step towards renewable energy adoption at its Greater Noida site. The company has entered into a long-term power purchase agreement (PPA) with Amplus Solar Shakti Private Limited, underscoring its dedication to environmental responsibility and aligning seamlessly with India’s renewable energy agenda.

Under the terms of the 25-year agreement with Amplus Solar Shakti Private Limited, a subsidiary of Amplus Energy Solutions PTE Ltd, Singapore (a part of the Petronas Group), Covestro (India) will leverage solar power to fulfil 60% of its annual energy requirements at the Greater Noida facility. This commitment reflects company’s strategic approach towards sustainable investments that yield both environmental benefits and financial returns.

Aligned with Environmental, Social, and Governance (ESG) principles, this initiative of Covestro aims to significantly reduce its carbon footprint while enhancing operational efficiency. The transition underscores company’s vision of advancing towards a circular economy through the utilization of renewable resources, thus minimizing environmental impact.

By harnessing solar energy, Covestro anticipates an annual reduction in CO2 emissions by up to 5,000 tons, harnessing 5.5 MW of electricity annually. This substantial contribution towards company’s sustainability goals strengthens its position as one of the leaders in green energy initiatives, bolstered by robust governmental support for renewable energy integration within India’s energy framework.

Through the adoption of renewable energy solutions and strategic partnerships, Covestro (India) continues to set the standard for eco-friendly innovation and corporate responsibility.