Adani Electricity Mumbai Limited (AEML) has announced the launch of the Mumbai Green Energy Initiative, which will offer its customers the flexibility to set their own targets for renewable energy.
AEML said it will source over 30% of its energy requirement through renewable energy by 2023 and further increase this share to 50% by way of consent already being sought from MERC to add an additional 1000 MW of RTC Power with more than 51% component from RE Power.
AEML customers will have options to buy RE Power under the current MERC announced scheme of providing 100% RE Power, by paying 66 paisa extra. The company said it will be able to provide RE Certificates to customers as AEML will receive 700 MW supply from Hybrid solar and wind generation in Rajasthan towards the end of 2022-23. It will also add an additional 1,000 MW of power with a substantial component of green energy (Already, put up for approval of MERC).
Under MERC’s approval, AEML (as all other Discoms of Maharashtra) are now offering its customers the option of meeting 100% of their energy requirement through renewable energy for an additional tariff of 66 paisa per unit.
AEML said its new initiative will help its customers who have a global footprint and have stated the goal of sourcing a 25% or higher share of their total energy consumption from renewable sources, the same can be met through RE certificates.
Through a combination of direct renewable energy supply and indirect offsets, AEML will enable its corporate customers to meet their sustainability commitments in Mumbai, India and at the global level.
Kandarp Patel, CEO and MD, AEML, said “As the company significantly scales up its renewable energy projects, AEML will empower its customers to choose the source of their energy, making green electrons accessible to everyone and enabling the green energy transition.”
He said they can guarantee 100% green energy supply and certificates in Mumbai, without any modifications or disruptions. “We will create customized renewable energy solutions for all customers to take full advantage of the renewable energy opportunities and achieve their sustainability goals. “
This Mumbai Green Energy Initiative is a voluntary program and is for existing AEML consumers and prospective customers. AEML will issue monthly certificates to such customers stating the percentage (%) of power requirement that has been sourced through renewable energy.