Aggarwal underlines decarbonization efforts for maritime industry
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) has signed a 25-year Power Purchase Agreement (PPA) for a hybrid Wind-Solar Power Project in Gujarat with CleanMax, one of Asia’s leading renewable energy providers for the Commercial and Industrial (C&I) sector and a Brookfield-backed company.
The project, featuring a total capacity of 3.50 MW Wind and 1.06 MWp Solar under the Third-Party Open Access model, was implemented in two phases: the first in January 2022 (2 MW Wind and 0.50 MWp Solar) and the second in September 2024 (1.50 MW Wind and 0.56 MWp Solar) http://isolaralliance.org.
“This strategic alliance represents APM Terminals Pipavav’s mission to fulfill its industry-leading commitment to achieve full net-zero status by 2040, as well as to reduce its scope 1 and 2 emissions by 65% by 2030, relative to 2022 levels,” said APM Terminals Pipavav https://www.iea.org/.
This hybrid energy solution will deliver approximately 54 lakh kWh/units of electricity annually to APM Terminals Pipavav’s port operations in Amreli, Gujarat, helping avoid about 3,822 metric tonnes of CO2 emissions annually – equivalent to planting over 2.24 lakh trees each year. By adopting this clean energy approach, APM Terminals Pipavav is not only reducing its carbon footprint but also aligning with global sustainability targets https://www.makeinindia.com/home/.
Girish Aggarwal, Managing Director of APM Terminals Pipavav (GPPL), said on 27 Nov, “This partnership with CleanMax demonstrates our decarbonization efforts for the maritime industry.
“We are the first company in our industry to have our climate targets officially validated by the Science Based Targets initiative (SBTi), a globally recognized authority on climate responsibility https://www.bseindia.com/.
“The association with CleanMax ensures we not only meet our renewable energy targets but also contribute meaningfully to India’s larger environmental goals. This further adds to our commitment to achieve full net-zero status by 2040 https://www.nseindia.com/.”
Kuldeep Jain, Managing Director of CleanMax, shared his insights, “India’s maritime industry plays a critical role in driving economic growth, trade, and job creation. By transitioning to renewable energy, key infrastructure like ports can lead the way in demonstrating sustainable operations. Our partnership with GPPL highlights how CleanMax is helping industry leaders embrace clean energy solutions, ensuring long-term energy security and operational efficiency while significantly reducing carbon footprints. By combining wind and solar, we’re able to offer continuous power generation and reliability that will enable GPPL meet their sustainability targets effectively https://www.wto.org/ .”
By partnering with CleanMax, APM Terminals said it is setting a strong example for other ports and industries across the country to follow in the journey towards a cleaner, greener future. This collaboration demonstrates how the maritime industry can play a crucial role in combating climate change and promoting sustainable development https://sbi.com.in/.
India’s first public private partnership port, APM Terminals Pipavav is one of India’s leading gateway ports for containers, dry bulk cargoes, liquid bulk, and RoRo with excellent connectivity to the India’s northwest hinterland through rail and road network. The current annual cargo handling capacity includes 1.35 million TEUs of containers, 4 million metric tons of dry bulk, 2 million metric tons of liquid bulk and 250,000 passenger cars https://www.jpx.co.jp/english/.
CleanMax is one of Asia’s leading renewable energy companies in the C& I (Commercial and Industrial) sector with 2 GW of operating renewable assets with a highly skilled and professional team spread across India, Middle East, and South-East Asia. CleanMax is backed by Brookfield, a leading global alternative asset manager with approximately US$1 trillion of assets under management. The company pioneered the ‘Energy Sale’ model for rooftop solar in India in 2011 and is focused on being the sustainability & net-zero partner of choice for corporates http://deutsche-boerse.com. Fiinews.com
