A power purchase agreement (PPA) for 6.42 megawatts (MW) of wind-solar generation capacity in Karnataka was announced by JK Cement and CleanMax, a C&I renewable energy company. The PPA is for 25 years and has a price
that is 50% cheaper than the standard discom tariff, according to the official press release. CleanMax's wind-solar farm in Jagalur, Karnataka, will supply green energy to JK Cement's Muddapur mill there. "This wind-solar capacity consists of 3.3 MW of wind energy and 4.68 MW of solar energy. This is a small portion of a larger wind-and-solar farm that CleanMax has built in Karnataka. The farm's total installed capacity is 290 MW, made up of 145 MW of wind and 210 MWp of solar, resulting in a reduction in carbon emissions of 61,18,92 tonnes CO2 equivalent.
Raghavpat Singhania, managing director of JK Cement, the company has raised its proportion of green energy from 19 to 43% during the past three years. He continued by saying that the long-term agreement with CleanMax is for their Muddapur facility, which has already achieved a renewable energy mix of over 85%.
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