AVA Chemicals has been persistently working towards sustainability & environmental augmentation in their overall work systems.

Mr. Vijay Bhatia, Director AVA Chemicals says, “We’ve been in the chemical field for more than 3 decades & understand the importance of conserving the environment. Solar energy is a pollution-free, GREEN energy. No harmful gases, chemicals, fly ash are produced during solar production. And we want to make the world a better place to live. So, AVA is touted to be amongst the first companies in Badlapur MIDC to install Solar Energy generation in each of the 3 units. Going ahead, all our plants would be solar-powered with a 346 kw Solar panels with a Net Metering system saving nearly 1500 units of power per day.”

Globally, India was ranked fourth in wind power, fifth in solar power and fourth in renewable power installed capacity, as of 2020. In October 2021, India retained its third rank on the EY Renewable Energy Country Attractive Index.

India is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar

In October 2021, the Ministry of Power announced a new set of rules aimed at reducing financial stress for stakeholders and safeguarding timely cost recovery in electricity generation.

In June 2021, Indian Renewable Energy Development Agency Ltd. (IREDA) invited bids from solar module manufacturers for setting up solar manufacturing units under the central government’s Rs. 4,500 crore (US$ 616.76 million) Production Linked Incentive (PLI) scheme which is a major initiative.

It is expected that by 2040, around 49% of the total electricity will be generated by renewable energy as more efficient batteries will be used to store electricity, which will further cut the solar energy cost by 66% as compared to the current cost. Use of renewables in place of coal will save India Rs. 54,000 crore (US$ 8.43 billion) annually. Renewable energy will account for 55% of the total installed power capacity by 2030. The Government of India wants to develop a ‘green city’ in every state of the country, powered by renewable energy. The ‘green city’ will mainstream environment-friendly power through solar rooftop systems.

This is in consonance with The Government of India’s aim to achieve 227 Gigawatt (GW) of renewable energy capacity this year (2022), much ahead of its target of 175 GW as per the Paris Agreement. As of September 2021, India had 101.53 GW of renewable energy capacity and represents ~38% of the overall installed power capacity. The country is targeting about 450 GW of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar. Recently, India achieved the 5th global position in Solar power deployment by surpassing Italy. Presently, Solar tariff in India is very competitive and has achieved grid parity making it a boon for the manufacturing industry.

 

Mr. Bhatia says, ‘AVA is in tune with Govt of India’s green initiative & is committed to support India in achieving it’s projected figures.