New Delhi: ITC Limited has set itself the target to meet 100 per cent of purchased grid electricity requirements from renewable sources by 2030.
In line with its philosophy of 'Responsible Competitiveness', the Company has adopted a low carbon growth strategy which encompasses a large renewable energy footprint.
At present, ITC meets over 40 per cent of its electrical energy requirement through renewable sources like wind, solar and biomass. As a part of its Sustainability 2.0 Vision, ITC is planning to invest further in strengthening its renewable energy portfolio in order to contribute meaningfully to the fight against climate change.
In its endeavour to contribute to a 'cleaner and greener' environment, ITC has been expanding its renewable energy footprint over the past two decades. The company has already made significant investments in renewable energy assets (Wind and Solar projects combined). This will improve Renewable Energy share of company by additional 6 per cent from current levels.
The current renewables portfolio of ITC consists of 138 MW of wind power plants and 14 MW of Solar plants with ~53MW of additional solar capacity under execution. Projects are also underway in the area of other sources of renewable energy like solar boiler or biomass boilers.