Vedanta secures 1 GW Renewable Energy Round-the-clock Power Delivery Agreements, on-track to achieve 2.5 GW by 2030

Bengaluru: On World Environment Day, Vedanta Limited, India’s only and the world’s leading transition metals, critical minerals, energy and technology conglomerate, announced that it has increased its renewable energy round-the-clock equivalent power capacity to 1.03 GW (gigawatt) through power delivery agreements. The company is on track to achieve 2.5 GW of renewable energy by 2030, towards the ambitious target of achieving net zero emissions by 2050 or sooner. The renewable energy projects include a mix of wind, solar and pump storage technologies. The 1 GW renewable energy will potentially enable Vedanta to mitigate more than 6 million tonnes of carbon emissions annually. This is roughly equivalent to carbon sequestration by nearly 350 million trees annually.

Vedanta is India’s largest producer of energy transition metals and critical minerals with more than 4.5 million tonnes of annual production of aluminium, zinc, lead, silver, copper, nickel, ferrochrome and pig iron. Vedanta’s diversified portfolio of essential metals is instrumental in meeting the growing demand for renewable energy infrastructure, electric vehicles, and advanced technologies.  With a growing portfolio of low-carbon products in Aluminium (Restora and Restora Ultra) and Zinc (EcoZen), Vedanta’s products are bolstering India’s clean energy ambitions.

Vedanta’s own decarbonization strategy works on the four levers of – renewable energy scale-up, switching to low-carbon fuels, energy and process efficiency, and carbon offsets. Vedanta has more than 350 high-impact environmental initiatives ongoing across various businesses.