Hindustan Coca-Cola sets 40% clean energy goal by end-2018

Solar panels. Featured Image: foxbat/Shutterstock.com

Sep 21 (Renewables Now) - Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), the Indian bottling unit of The Coca-Cola Co (NYSE:KO), will seek to source 40% of its power consumption from renewables and clean energy fuel by end-2018.

The company said on Wednesday that it has started buying solar power from a private firm and compressed natural gas from energy group Gail India Ltd (BOM:532155) to supply two manufacturing facilities in Karnataka state. The initiative is seen to save 24,500 tonnes of carbon dioxide (CO2) emissions from the two factories.

Additionally, HCCB has signed a deal to buy 30 million kWh of solar electricity per year from renewable plants operator Atria Solar Power Pvt Ltd, after which it will be able to meet 85% of the two plants’ demand through off-grid solar power generation.

HCCB’s latest moves are advancing its renewables and clean energy commitment by two years. The company previously had set a target date for the programme in 2020.

“We are inspired by India’s ingenuity and the government’s vision of achieving 40 per cent cumulative electric power capacity from non-fossil fuel-based energy resources by 2030 and are committed to be part of it,” said Christina Ruggiero, HCCB’s CEO.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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