India's leading stainless-steel manufacturer Jindal Stainless has signed a contract with the country's largest renewable energy company ReNew Power to develop a utility scale captive renewable energy project for the supply of power to its facility in Jajpur in Odisha. The Project will generate 700 million units per year through a mix of solar and wind technologies. This innovative Wind-Solar hybrid solution, with a high-Capacity Utilization Factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity.The Wind-Solar hybrid Project to power Jindal Stainless' increase in combined production capacity from 1.9 million tonne per annum to 2.9 million tonne per annum; Jindal Stainless to reach net zero emissions by 2050With this, ReNew Power also brings its Round the Clock solution to the B2B space, which it pioneered for Utilities earlier last year. Moreover, a partnership with the largest renewable player also brings in the requisite execution certainty for Jindal Stainless, which is of paramount importance for a project of this scale.
India's leading stainless-steel manufacturer Jindal Stainless has signed a contract with the country's largest renewable energy company ReNew Power to develop a utility scale captive renewable energy project for the supply of power to its facility in Jajpur in Odisha. The Project will generate 700 million units per year through a mix of solar and wind technologies. This innovative Wind-Solar hybrid solution, with a high-Capacity Utilization Factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity.The Wind-Solar hybrid Project to power Jindal Stainless' increase in combined production capacity from 1.9 million tonne per annum to 2.9 million tonne per annum; Jindal Stainless to reach net zero emissions by 2050With this, ReNew Power also brings its Round the Clock solution to the B2B space, which it pioneered for Utilities earlier last year. Moreover, a partnership with the largest renewable player also brings in the requisite execution certainty for Jindal Stainless, which is of paramount importance for a project of this scale.
