Gautam Adani-owned Adani Energy Solutions has signed an agreement with LNJ Bhilwara Group's textile unit, RSWM Ltd. for the supply of 60 MW of renewable energy, the company announced on Wednesday. RSWM has invested Rs 60 crore under the Group Captive Scheme with a renewable genco for the supply of 31.53 crore units of green power per annum to its manufacturing facilities across Rajasthan.
As per the agreement, AESL will manage the entire green power value chain for the additional power requirement of RSWM Ltd. With this, the contribution of renewable energy in RSWM’s total energy requirement will rise from the current 33% to 70% in the near future.
"By sourcing 70% of our total energy requirement from renewable sources—well above the national average of India’s clean energy mix i.e. 31% - RSWM continues to set industry benchmarks in responsible energy transition,” Riju Jhunjhunwala, Chairman, Managing Director and CEO, RSWM Ltd., said.
AESL’s C&I vertical serves bulk electricity users with customized energy solutions as it targets a C&I portfolio of 7,000 MW over the next five years.
"We are delighted to partner with RSWM on this landmark initiative that demonstrates how sustainability is becoming integral to businesses. This collaboration is a testament to the scalability and impact of renewable power in strengthening industrial growth while ensuring sustainability," Kandarp Patel, CEO, Adani Energy Solutions Ltd. said.
RSWM Ltd. exports a wide range of fabrics and yarns to over 70 countries across the globe. It runs 12 manufacturing plants with 6.27 lakh spindles, 172 looms, 95 circular and flat knitting machines.
As per the agreement, AESL will manage the entire green power value chain for the additional power requirement of RSWM Ltd. With this, the contribution of renewable energy in RSWM’s total energy requirement will rise from the current 33% to 70% in the near future.
"By sourcing 70% of our total energy requirement from renewable sources—well above the national average of India’s clean energy mix i.e. 31% - RSWM continues to set industry benchmarks in responsible energy transition,” Riju Jhunjhunwala, Chairman, Managing Director and CEO, RSWM Ltd., said.
AESL’s C&I vertical serves bulk electricity users with customized energy solutions as it targets a C&I portfolio of 7,000 MW over the next five years.
"We are delighted to partner with RSWM on this landmark initiative that demonstrates how sustainability is becoming integral to businesses. This collaboration is a testament to the scalability and impact of renewable power in strengthening industrial growth while ensuring sustainability," Kandarp Patel, CEO, Adani Energy Solutions Ltd. said.
RSWM Ltd. exports a wide range of fabrics and yarns to over 70 countries across the globe. It runs 12 manufacturing plants with 6.27 lakh spindles, 172 looms, 95 circular and flat knitting machines.
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