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Firms are buying more green power

Globally, power purchase agreements for renewable energy signed by corporations have already crossed the 15 gigawatts mark this year

Vandana Gombar 

Vandana Gombar

There are two main reasons that companies contract to buy green power: it is cheaper and cleaner. The first reason is the dominant one for commercial and industrial (C&I) power consumers in India, who see their power bill being slashed as they opt for cleaner solar and wind power.

The second reason plays a much bigger role for companies that have set sustainability goals, which typically include clean power consumption targets. C&I customers in India pay a premium price for power, as they cross-subsidise residential and agricultural users. A shift to renewables thus leads to ...

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First Published: Tue, November 12 2019. 21:47 IST
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