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					</table><p><a href="https://www.ultratechcement.com/" target="_blank" rel="noopener">UltraTech Cement</a>, an <a href="https://www.adityabirla.com/" target="_blank" rel="noopener">Aditya Birla Group</a> company, has signed an energy supply and a share subscription and shareholders agreement to source power from AMPIN C&amp;I Power Forty Four’s 30 MW solar project.</p>
<p>Ultratech will invest ₹151.2 million (~$1.64 million) to purchase 26% of the shares of AMPIN C&amp;I Power Forty Four, a special purpose vehicle (SPV) of AMPIN Energy Transition incorporated to generate and transmit renewable energy.</p>
<p>The transaction is expected to be completed within 180 days.</p>
<p>The company will source solar power from the SPV to meet its green energy needs, optimize energy costs, and comply with regulatory requirements on captive power consumption.</p>
<p>According to UltraTech’s 2024-2025 Integrated and Sustainability Report, the company expects to meet its RE100 commitment to source 100% of its energy from renewable sources by 2050.</p>
<p>As of the financial year 2025, UltraTech had a renewable energy capacity of 1.02 GW. Renewable energy currently makes up 27.8% of the company’s energy mix. This is expected to rise to 85% by 2030.</p>
<p>UltraTech consumed 9,568.20 TJ of energy from renewable sources.</p>
<p>Last April, the company <a href="https://www.mercomindia.com/ultratech-cement-to-source-power-from-ampins-75-mw-solar-project" target="_blank" rel="noopener">announced</a> it would source renewable energy from AMPIN Energy Transition’s SPV AMPIN C&amp;I Power Eight.</p>
<p>In December 2024, UltraTech Cement <a href="https://www.mercomindia.com/ultratech-cement-to-source-wind-solar-hybrid-power-from-clean-max-sapphire" target="_blank" rel="noopener">announced</a> that it would source renewable energy in captive mode from CleanMax’s SPV, Clean Max Sapphire. It would acquire a 26% equity share in Clean Max Sapphire, investing up to ₹457.6 million (~$5.3 million).</p>
<p>In October 2024, UltraTech said it would <a href="https://www.mercomindia.com/ultratech-cement-to-procure-7-mw-more-power-from-continuum-mp-windfarm" target="_blank" rel="noopener">procure</a> an additional 7 MW of wind-solar hybrid power from Continuum MP Windfarm, raising the total procurement from 14 MW to 21 MW.</p>
<p>Transitioning to renewable energy sources is a key imperative for hard-to-abate industries like cement. Multiple cement companies are increasing the use of renewable energy to meet their power needs, reduce their energy bills, and meet their clean power obligations.</p>



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					</table><p><a href="https://www.ultratechcement.com/" target="_blank" rel="noopener">UltraTech Cement</a>, an <a href="https://www.adityabirla.com/" target="_blank" rel="noopener">Aditya Birla Group</a> company, will source renewable energy from <a href="https://ampin.energy/" target="_blank" rel="noopener">AMPIN Energy Transition</a>’s special purpose vehicle (SPV) AMPIN C&amp;I Power Eight.</p>
<p>The company entered energy supply, share subscription, and shareholders agreements to acquire a 26% equity share in AMPIN C&amp;I Power Eight, investing ₹255 million (~$2.98 million).</p>
<p>The SPV was incorporated in January to set up a 75 MW DC/50 MW AC solar power project on a captive basis at the Sindhari village in Rajasthan’s Balotara district.</p>
<p>The acquisition will be completed within 180 days from the agreements’ execution.</p>
<p>Ultratech Cement, in a regulatory filing, disclosed that this acquisition would help the company meet its green energy needs, optimize energy costs, and adhere to India’s regulatory requirements for captive power consumption under electricity laws.</p>
<p>The company said this acquisition is not a related party transaction, and the promoters have no interest in it.</p>
<p>In its Integrated and Sustainability Report-FY24, UltraTech Cement said it increased its renewable energy capacity by 77% from the financial year (FY) 2023. The company has a green energy capacity of 890 MW, including 612 MW of renewable energy. This increase helped Ultratech Cement substitute 22% of its electricity with green power in FY 2024.</p>
<p>The company aims to increase its green energy capacity to 1,000 MW. It also targets an 85% share of green energy in its total energy mix by 2030.</p>
<p>In August last year, UltraTech Cement’s Awarpur Cement unit installed 7,600 floating solar panels covering 3,600 sq m across two water reservoirs within its premises. The solar systems have a capacity of 4.096 MW (3.30 MW AC) and are expected to produce 6,173 MWh of energy annually.</p>
<p>In December last year, Ultratech Cement <a href="https://www.mercomindia.com/ultratech-cement-to-source-wind-solar-hybrid-power-from-clean-max-sapphire" target="_blank" rel="noopener">announced</a> that it would source renewable energy in captive mode from CleanMax’s SPV, Clean Max Sapphire. It would acquire a 26% equity share in Clean Max Sapphire, investing up to ₹457.6 million (~$5.3 million).</p>
<p>In October, the company said it would <a href="https://www.mercomindia.com/ultratech-cement-to-procure-7-mw-more-power-from-continuum-mp-windfarm" target="_blank" rel="noopener">procure</a> an additional 7 MW of wind-solar hybrid power from Continuum MP Windfarm, raising the total procurement from 14 MW to 21 MW.</p>


UltraTech Cement to Source  Power from AMPIN’s 75 MW Solar Project


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					</table><p><a href="https://www.ultratechcement.com/" target="_blank" rel="noopener">UltraTech Cement</a>, an <a href="https://www.adityabirla.com/" target="_blank" rel="noopener">Aditya Birla Group</a> company, has announced that it will source renewable energy in captive mode from <a href="https://www.cleanmax.com/" target="_blank" rel="noopener">CleanMax</a>’s special-purpose vehicle (SPV), Clean Max Sapphire.</p>
<p>The company has entered energy supply, share subscription, and shareholders agreements to acquire a 26% equity share in Clean Max Sapphire, investing up to ₹457.6 million (~$5.3 million).</p>
<p>The SPV will set up a 55 MW wind-solar hybrid project on a captive basis in Honawad in Vijayapur district, Karnataka to supply power to UltraTech Cement.</p>
<p>The share acquisition will be completed within 180 days.</p>
<p>UltraTech Cement, in its regulatory filing, disclosed that this acquisition will help the company meet its green energy needs, optimize energy costs, and comply with India’s regulatory requirements for captive power consumption.</p>
<p>In its 2023 Annual Report, UltraTech Cement stated that green energy comprised 19.27% or 650 MW of its total energy usage during the year.</p>
<p>The company added 76 MW of renewable power capacity in 2023, bringing its total renewable power capacity to 345 MW.</p>
<p>UltraTech Cement aims to source 100% of its electricity from renewable sources by 2050, with the company’s Ratnagiri cement grinding unit in Maharashtra already transitioning to 100% renewable energy.</p>
<p>The company has also set up 345 MW of solar and wind projects in India to meet its energy needs.</p>
<p>In October, UltraTech Cement said it would <a href="https://www.mercomindia.com/ultratech-cement-to-procure-7-mw-more-power-from-continuum-mp-windfarm" target="_blank" rel="noopener">procure</a> an additional 7 MW of wind-solar hybrid power from Continuum MP Windfarm, raising the total procurement from 14 MW to 21 MW.</p>
<p>Transitioning to renewable energy sources is a key imperative for hard-to-abate industries like cement. According to a World Economic Forum report, global cement manufacturing produced 1.6 billion metric tons of CO2 in 2022 or about 8% of the world&#8217;s total CO2 emissions.</p>
<p>UltraTech is part of the Climate Group’s RE100 initiative as part of its commitment to meet 100% of its electricity requirement through renewables sources by 2050.</p>
<p>According to credit ratings agency ICRA, green power will <a href="https://www.mercomindia.com/green-power-cement-companies-power-mix" target="_blank" rel="noopener">account</a> for approximately 40-42% of the total power mix of major cement companies in India by March 2025, up from around 35% as of March 2023.</p>


UltraTech Cement to Source Wind-Solar Hybrid Power from Clean Max

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