The Phoenix Mills, through its subsidiaries Vamona Developers and Offbeat Developers has collaborated with ReNew Power to install solar power plants for supply of power to Phoenix Marketcity Pune and Phoenix Marketcity Mumbai, respectively.
The installation is going to result in annual generation of around 5 MW or 11 million units of
electricity across the two malls and will help in reduction of 7,800 MT of Co2.
The contract with Renew Power will be for a period of 25 years and is expected to begin from March 2022, the company said.
The solar plant installation will generate 1.8 MW or approximately 4 million units annually for Phoenix Marketcity Mumbai. This will help meet around 25% of energy requirements for providing common area services and air conditioning at Phoenix Marketcity, Mumbai.
At Phoenix Marketcity Pune, the solar plant installation will generate 3.2 MW or approximately 7 million units annually and help meet around 50-55% of energy requirements for providing common area services and air conditioning at Phoenix Marketcity, Pune.
At Phoenix Marketcity Bangalore during FY21, nearly 94% of power requirement was from green energy. Similarly, 85% of power requirement of Phoenix Marketcity Chennai & Palladium was from green energy during the same period, the company said.
