13 September 2024: Orkla India, the parent company of MTR and Eastern, is proud to announce a strategic partnership with CleanMax, a Brookfield-backed company, to solidify its sustainability goals and accelerate its journey towards achieving net-zero emissions. The collaboration involves a 25-year power purchase agreement (PPA) for the generation and supply of renewable energy from a 6.6 MWp Solar Captive Power Project located in Jagaluru, Karnataka. With this partnership, Orkla India factories based out of Karnataka will run on 100% renewable energy.
The project is structured under a Special Purpose Vehicle (SPV). Under this arrangement, CleanMax will manage the energy generation, operation, and maintenance of the solar plant, ensuring optimal performance throughout the 25-year term.
This 6.6 MW plant will provide 10 million KWh units per annum, which is equivalent to the reduction of 7500 tons of CO2 emissions annually, which corresponds to planting 1.3 lakh trees annually.
Aligning with the company’s global sustainability objectives, this initiative will significantly reduce Orkla India’s carbon footprint, with all its manufacturing units in Karnataka achieving net zero upon complete implementation.
Niklas Stoltz, Director, Sustainability, said, “Orkla India’s partnership with CleanMax is about powering change. We want to set a new standard for sustainable manufacturing in India’s FMCG sector. With this partnership, Orkla India factories based out of Karnataka will run on 100% renewable electricity, and at a pan-India level, 70% of our electricity consumption will be from renewable sources.”
Kuldeep Jain, Founder and Managing Director, CleanMax, said, “Our journey with Orkla since 2018 has been exciting, and I’m glad to expand this partnership further. We’re focused on enabling Orkla’s shift to clean energy with solutions that align with their broader sustainability and net-zero goals. Together, we’re making a significant impact on reducing carbon emissions and advancing a more sustainable future.”
Orkla India remains committed to fostering a resilient and healthier future, as it believes that sustainable production and consumption are the paths to a healthier tomorrow.