Sembcorp to supply wind-solar energy at Saint-Gobain鈥檚 facilities

20 May 2022 CW Team

Saint-Gobain India and Sembcorp Green Infra鈥檚 subsidiary Green Infra Wind Energy have signed a long-term energy supply agreement under which Sembcorp will install a 33 MW captive wind-solar hybrid project to power Saint-Gobain鈥檚 manufacturing facilities in Sriperumbudur, Perundurai, and Tiruvallur in Tamil Nadu.

The wind-solar hybrid project is expected to be developed within a year. The project will be developed through a special purpose vehicle (SPV) within a power purchase agreement for 25 years. Green Infra would hold a 74 per cent stake in the SPV and Saint-Gobain the rest.

Sembcorp鈥檚 renewable energy capacity stands at 5.7 GW, with wind and solar offerings in key markets such as India, Singapore, Vietnam, and China. With this tie-up, the Singapore-based company intends to strengthen its position as one of the leading renewable energy suppliers in India to reputable commercial and industrial (C&I) consumers through bilateral power purchase agreements.

Saint-Gobain, which has many solar plants in India, expects the agreement to help achieve its carbon neutrality target set for 2050. The company intends to source approximately 22 million units of electricity required through captive solar plants by the end of the year. By 2023, Saint-Gobain India expects to have 44 per cent of its electricity consumption coming from renewables.

Resources

17 Jun 2025

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Real Estate

17 Jun 2025

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Infrastructure Urban

17 Jun 2025

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..