New Delhi: Lubricants major Shell on Monday said it is installing solar photovoltaic panels on the roofs of seven of its plants in India, China, Italy, Singapore and Switzerland, which would generate 7,500 MWh of power annually.
The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.
Combined, they are expected to generate over 7,500 megawatt hours (MWh) of electricity a year, it added.
In India, it said, the panels will be installed at the company’s lubricants plant in Taloja, Maharashtra.
Shell will work with Cleantech Solar for the installation of about 1,700 panels, which is expected to generate 683 MWh of electricity annually, and can result in the avoidance of 500 tonne of annual GHG emissions.
As for the funding model for the Taloja solar panels, Shell has signed a subsidy-free purchase power agreement with Cleantech Solar. As part of the agreement, Cleantech Solar will design, build, finance, own, operate, and maintain the solar facility for the Taloja plant in India.