According to McKinsey, India's energy needs are growing and will nearly double by 2050! To tackle future energy needs and consumption, the government aims to generate 40 per cent of its energy capacity from renewable energy by 2030, up from 24 per cent a couple of years ago. These statistics signify the growing need for renewable and practically infinite energy sources that we have at hand.
As one of the world's largest manufacturing hubs, India will have a significant role to play in clean energy. At Runaya, we are committed to contributing our bit towards helping India play its bigger role in the global sustainability and economic landscape. Let's look at some key drivers and an overview of our initiatives to promote the use of solar energy.
Many sectors across the Indian industrial horizon have adopted solar energy at a massive scale. Some prominent ones include manufacturing, textile, agriculture, paper, steel, dairy and cement. These industries exemplify the use of solar energy with their approach towards sustainability. Some other advantages that make using solar energy evident in India's industrial playground include the following:
● Substantial cost savings
Solar electricity tariffs are lesser than conventional electricity. While saving costs, industries can also receive tax relief. Under section 32 of Income Tax in India, businesses are allowed an Accelerated Depreciation Benefit that enables them to depreciate their solar investments at a rate higher than their fixed assets.
Installing solar panels across our plants has helped us lower a considerable chunk of the annual costs, produce excess energy and reduce our dependence on conventional electricity. We now can focus on what's strategically important for our business, rather than worrying about rising energy cost
● Reduced carbon footprint
Excessive dependence on fossil fuels directly translates to increased air pollution, especially in large industries such as manufacturing, whose energy needs are perpetually high. But solar energy helps promote green and clean energy. Since solar energy does not involve using chemicals and fossil fuels to generate electricity, it helps eliminate the release of harmful gases into the environment. Reduced use of the grid's energy also helps lower carbon dioxide production, thus helping companies walk towards sustainability.
At Runaya, we leverage the power of solar in all our business units. At MRPL, we generate 66 percent of our energy needs via solar power and intend to become 100 per cent dependent on renewable sources soon. Our RRL plant currently uses 70 percent solar energy and we are installing rooftop solar panels to cater to our site's 100 percent requirement. Our site will be able to generate about 5 lakh units of renewable energy in a year and reduce 450 tonnes of CO2 annually. And lastly, our RPL plant currently uses 25 percent of renewable energy.
● Cooler roofs
Solar power systems help reduce the heat reaching the factory's rooftop by 20-30 per cent, thus keeping the roof considerably cool (up to five degrees cooler). It can help lower energy consumption and costs in keeping the roofs cooler – hence making for a more pleasant work environment at the plants.
As a value-driven organisation, sustainability remains a paramount concern for us. Our continued initiatives towards achieving energy independence and bringing solar energy into mainstream energy signify our efforts towards helping the planet walk towards a clean, greener and brighter future. Visit us at