TKM, ReNew Energy Global Inaugurate Newly Set-Up 27.2 MW Group Captive Solar, Wind Renewable Energy In Vijaynagara, Karnataka

* (Phase 1 of this visionary initiative entails development of solar and wind energy capacity, totalling to 20.6 MW & Phase 2 encompasses a further 6.6 MW of wind energy generation)

Toyota Kirloskar Motor (TKM) reinforcing its commitment to the ‘Global Environmental Challenges 2050’, today inaugurated the 27.2 MW Group Captive Solar and Wind Renewable Energy Project, which is established through a joint venture with ReNew Energy Global Plc, located at Kudligi Taluk, Vijaynagara district of Karnataka State, home to TKM’s existing solar plant. Commencing today, the green power generated through this project will be exclusively channelled to TKM, leading to an expected reduction of 51 kilo ton/year in CO2 emissions. The momentous occasion was graced by the representatives from Toyota Kirloskar Motor, Mr. Sudeep S. Dalvi, Senior Vice President, Director and Chief Communication Officer and Mr. Rahula Kashyapa, Vice President, Business Development - B2B Business, ReNew, along with the other executives from both the companies.

Notably, this latest accomplishment further reaffirms TKM's sustained achievement of 100% Renewable Energy in grid electricity since June 2021. By offsetting a cumulative carbon footprint of 117 kilo tons between April 2021 and March 2023, TKM has demonstrated its strong commitment to conserve the ecosystem throughout the entire life cycle of its products, manufacturing operations, and services. Today’s significant milestone marks Toyota’s continued dedication to enhance its renewable energy use, aimed at realising ‘Carbon Neutrality’.

Given Toyota’s business growth, the energy requirement for its manufacturing operations have proportionately increased in the past years. This new renewable energy set-up will cater to such additional green electricity needs of TKM. Furthermore, this collaborative endeavour exemplifies TKM's ongoing pursuit to minimise its carbon footprint and safeguarding the environment towards building a carbon neutral society.

“We are delighted to partner with Toyota Kirloskar Motor and support them in their endeavour to adopt sustainable energy sources. ReNew is committed to being a catalyst for global energy transition toward Net Zero and will offer innovative solutions to companies to decarbonize their operations and support their climate goals”, said, Mr. Rahula Kashyapa, Vice President, Business Development - B2B Business, ReNew.

Speaking on the occasion, Mr. Sudeep. S. Dalvi, Senior Vice President, Director and Chief Communication Officer of Toyota Kirloskar Motor, said “We are delighted to announce the 27.2 MW Group Captive Solar and Wind Renewable Energy Project, which signifies our unwavering dedication to adopt renewable energy and enhance our green manufacturing operations. All our vehicles are manufactured using green energy source. This collaboration reflects our shared commitment towards reducing carbon emissions, thereby supporting India in achieving its Net Zero Carbon Emission targets.

TKM’s green energy sourcing which started with mere 6.0% in the year 2014, now boasts of 100% achievement. Over the years, with these remarkable green energy interventions, we have been able to substantially minimise our carbon footprints in our plant operations”.

In 2017-18, TKM took a significant step towards achieving self-reliance in renewable energy by installing a rooftop solar power plant and ground mount facilities with a combined capacity of 8.2 MW at its Bidadi premises. Additionally, TKM established an 18 MW Open Access installation in a dedicated solar park outside its factory premises through ReNew. These initiatives have enabled TKM to gradually increase its renewable energy procurement since FY2014, ensuring sustenance in renewable energy supply for its plant operations.

With the inauguration of the 27.2 MW Group Captive Solar and Wind Renewable Energy Project, TKM’s total cumulative green energy adoption is 53.4 MW. By adopting such green initiatives, TKM is strongly focused to achieve ‘Net Zero Carbon Emission in Manufacturing’ much before its global target timeline of 2035, further solidifying its position as a leader in sustainable business practices.