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14
'24
Written on Modified on
Hitachi Construction Machinery News
BRADKEN INVESTS IN SOLAR AND WIND POWER GENERATION SPVS OF CONTINUUM GREEN ENERGY GROUP
Continuum will supply solar and wind power generation, covering approximately 13.8 GWh per year, which corresponds to about 47% of the electricity consumption at the Coimbatore facility.
Continuum’s solar and wind power generation station (Tamil Nadu, India)
Mining equipment parts manufacturer Bradken, a wholly owned subsidiary of Hitachi Construction Machinery, invested 0.49% and 0.19% in Dalavaipuram Renewables Private Limited and Watsun Infrabuild Private Limited respectively, SPV (Special Purpose Vehicle) of the solar and wind power generating Continuum Green Energy (India) Group, for the purpose of reducing CO2 emissions at its Coimbatore facility in India. Bradken will begin using electricity generated from solar and wind power in April 2024.
As a result, approximately 13.8 GWh per year, corresponding to around 47% of the electricity consumption at the Coimbatore facility, will be covered by the solar and wind power generation supplied by Continuum. Together with the 36% of renewable electricity which was previously introduced and includes the electricity generated by solar power from the photovoltaic specialist Enerparc AG Group, which was externally announced in December 2022, the ratio of renewable electricity across the entire Coimbatore facility will increase up to the total contracted quantity of 83% and reduce annual CO2 emissions by approximately 19,200 tonnes.
Continuum is an India-focused renewable energy platform, with majority of its assets focused on Commercial & Industrial (C&I) consumers. Continuum specializes in the Indian renewable energy business and has worked with over 175 companies to date.
Accompanying its economic growth, demand for electric power in India is expected to grow at an annual average rate of around 4–5% until 2030, but chronic electricity shortages often lead to disrupted power supplies. In addition, air pollution caused by coal-fired power generation and automobile exhaust emissions is a major problem. Under these circumstances, the Indian government has set a goal of 60% of the total power generating capacity from renewable sources, with plans to introduce 450 GW (510 GW if 60 GW of hydroelectric power is included) by 2030 to promote introduction of renewable energy.
Mining equipment parts manufacturer Bradken, a wholly owned subsidiary of Hitachi Construction Machinery, invested 0.49% and 0.19% in Dalavaipuram Renewables Private Limited and Watsun Infrabuild Private Limited respectively, SPV (Special Purpose Vehicle) of the solar and wind power generating Continuum Green Energy (India) Group, for the purpose of reducing CO2 emissions at its Coimbatore facility in India. Bradken will begin using electricity generated from solar and wind power in April 2024.
As a result, approximately 13.8 GWh per year, corresponding to around 47% of the electricity consumption at the Coimbatore facility, will be covered by the solar and wind power generation supplied by Continuum. Together with the 36% of renewable electricity which was previously introduced and includes the electricity generated by solar power from the photovoltaic specialist Enerparc AG Group, which was externally announced in December 2022, the ratio of renewable electricity across the entire Coimbatore facility will increase up to the total contracted quantity of 83% and reduce annual CO2 emissions by approximately 19,200 tonnes.
Continuum is an India-focused renewable energy platform, with majority of its assets focused on Commercial & Industrial (C&I) consumers. Continuum specializes in the Indian renewable energy business and has worked with over 175 companies to date.
Accompanying its economic growth, demand for electric power in India is expected to grow at an annual average rate of around 4–5% until 2030, but chronic electricity shortages often lead to disrupted power supplies. In addition, air pollution caused by coal-fired power generation and automobile exhaust emissions is a major problem. Under these circumstances, the Indian government has set a goal of 60% of the total power generating capacity from renewable sources, with plans to introduce 450 GW (510 GW if 60 GW of hydroelectric power is included) by 2030 to promote introduction of renewable energy.
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