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Home Renewable

GACL to Source 62.7 MW Renewable Energy from Aditya Birla Renewables

Urja Daily by Urja Daily
January 3, 2025
in Renewable
Reading Time: 1 min read
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GACL
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Gujarat Alkalies and Chemicals Limited (GACL) will procure 62.7 MW of renewable power through a captive arrangement from Aditya Birla Renewables’ wind-solar hybrid project in Gujarat, expected to be completed next year.

GACL and Aditya Birla Renewables, along with its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4, have signed a shareholder’s agreement to establish the captive power project. A 25-year power consumption agreement has also been executed between the two entities. GACL will acquire 26 per cent equity in Aditya Birla Renewables SPV 4 at a face value of Rs 10 per share.

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GACL is a chlor-alkali manufacturer company, established in 1973 in Vadodara, Gujarat. The company has an installed renewable energy capacity at its facilities, including 171.45 MW of wind power and a 35 MW solar power project. It aims to increase its renewable energy usage by approximately 40 per cent, targeting 80 per cent green power utilisation within the next two to three years.

Tags: Aditiya BirlaGACLRenewable Energysolar
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