To increase CLINT’s renewable energy usage by over 70% in line with its Net Zero commitment
Singapore, January 25, 2024 -- Highlights of CLINT’s sustainability initiatives
CLINT's captive solar plant in Tamil Nadu will generate the power supply needs of 2 million sq ft equivalent of office space.
CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tamil Nadu, India. The 21-megawatt (MW) solar plant will generate over 30 million kilowatt-hour (kWh) of electricity annually and meet the power supply needs of 2 million sq ft equivalent of office space.
The power generated from the solar plant will be utilised predominantly for the common areas of CLINT’s assets in Tamil Nadu. This will increase CLINT’s green energy usage by over 70%, reduce its carbon emissions by more than 17,000 tonnes, as well as reduce its need to purchase power. The facility has an 8 MW expansion potential to bring the solar plant’s total size to 29 MW.
“The solar power plant in Tamil Nadu is testament to our increasing adoption of renewable energy. This is central to CLINT’s decarbonisation strategy and in line with our sponsor CapitaLand Investment’s (CLI) commitment to achieve Net Zero carbon emissions for scope 1 and 2 by 2050. We will continue to actively source green energy to power our portfolio and seek innovations to enhance our sustainability performance throughout our assets’ real estate life cycle, from investment to design, development and operations.”
At a glance
- Company
- CapitaLand India Trust
- Announcement
- Expansion
- Location
- Tamil Nadu, India
Key figures
- Solar plant capacity
- 21-megawatt
- Expected annual electricity generation
- over 30 million kilowatt-hour (kWh)
- Increase in green energy usage
- over 70%
- Carbon emissions reduction
- more than 17,000 tonnes
- Expansion potential
- 8 MW
- Potential total plant size
- 29 MW
People
- Sanjeev DasguptaChief Executive Officer, CapitaLand India Trust Pte. Ltd.
- Vinamra SrivastavaChief Sustainability & Sustainable Investments Officer, CapitaLand Investment
Products and programs
Mr Sanjeev Dasgupta, Chief Executive Officer, CapitaLand India Trust Pte. Ltd.
(the Trustee-Manager of CLINT)
“The expansion of our renewable energy solutions in India demonstrates CLI’s focus on execution towards achieving our 2030 Sustainability Master Plan targets. In 2022, 26 of CLI’s properties in 7 countries and 10 business parks in India were powered by renewable energy, mitigating about 33,500 tonnes of carbon emissions. This is equivalent to the annual emissions of 7,400 petrol-powered cars1. We are piloting various technologies sourced from around the world and will remain nimble in adapting our decarbonisation solutions across different markets to create a sustainable built environment.”
Mr Vinamra Srivastava, Chief Sustainability & Sustainable Investments Officer, CLI
CLINT has been stepping up its environmental, social and governance (ESG) efforts to contribute towards achieving CLI’s 2030 Sustainability Master Plan targets. As at December 2023, 99% of CLINT’s business park assets have received green ratings from either the Indian Green Building Council or the US Green Building Council. It has been installing rooftop solar panels across its buildings and procuring green energy through long-term power purchase agreements as part of its efforts to transition to a low-carbon business.
CLINT has been recognised by leading global sustainability benchmarks for its ESG efforts. These recognitions include a 4-star rating for its sustainability achievements in its first year of participating in the 2023 GRESB Real Estate Assessment. CLINT also achieved an ‘A’ for public disclosure.
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Notes:
1. This assumes that a typical passenger vehicle emits about 4.5 tonnes of CO2e per year. Source: https://www.epa.gov/energy/greenhousegases-equivalencies-calculator-calculations-and-references#vehicles.
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In brief
CapitaLand India Trust (CLINT) says it has commissioned its first captive solar power plant in Tamil Nadu, India. The 21-megawatt facility is expected to produce more than 30 million kilowatt-hours of electricity each year, mainly for common areas at CLINT properties in the state. The company says the project will raise its green energy use by over 70% and cut carbon emissions by more than 17,000 tonnes. The facility could be expanded by 8 megawatts, bringing its total capacity to 29 megawatts. CLINT’s sustainability efforts also include rooftop solar installations and green-energy procurement through long-term power purchase agreements. The trust reported that 99% of its business park assets had received green ratings as of December 2023.
Key takeaways
- CLINT commissioned its first captive solar power plant in Tamil Nadu.
- The 21-megawatt facility is expected to generate over 30 million kilowatt-hours annually.
- CLINT says the project will increase green energy use by over 70% and reduce emissions by more than 17,000 tonnes.
- The plant has potential for an 8-megawatt expansion, bringing capacity to 29 megawatts.
