ITC Ltd targeting to meet 100% electricity requirements from renewable sources by 2030

NEW DELHI: ITC Limited announced on January 6, 2021, that it is aiming to meet 100 per cent of its electricity requirements from renewable sources by 2030. This investment is a part of Sustainability 2.0 vision of ITC which aims to contribute to the fight against climate change. As part of this initiative, ITC has been rigorously expanding its renewable energy footprint in the past two decades.

Currently, ITC uses renewable energy across 20 factories, 9 hotels and 6 office buildings, making the electrical consumption of the conglomerate that is met through renewable sources amount to 40 per cent of its total requirement. The current renewables portfolio of ITC consists of 138 Megawatt (MW) of wind power plants and 14 MW of solar power plants with 53 MW of additional solar capacity under execution.

In order to mitigate climate change risks, ITC, with this project, is aiming to achieve 50 per cent reduction in specific emission and 30 per cent reduction in specific energy consumption by 2023. This project of ITC will also be beneficial for India’s target of achieving 450 Gegawatt (GW) of renewable energy consumption by 2022.