GreenCell Mobility makes investment in renewable power plant for electric buses in MP

GreenCell Mobility has made a power purchase agreement and a strategic equity investment. The agreement is facilitated by subsidiary GreenCell Express, in a 1 MW wind solar hybrid captive power plant located in Ratlam, Madhya Pradesh. The plant boasts an annual generation capacity of 4.6 million units.

GreenCell Express operates the “NueGo” brand of inter-city electric buses. The development, the company said, will see its inter-city electric buses in the state powered predominantly by renewable energy, leading to incremental CO2 savings of 38 thousand metric tonnes over the lifetime of the buses.

Devndra Chawla, CEO and MD of GreenCell Mobility, said, "At GreenCell Mobility, we are not just about embracing the future; we are about creating it. This initiative of powering our EVs through renewable energy sources in Madhya Pradesh is more than an innovation; it's a commitment to our planet and our future generations. We are setting a precedent in the industry, demonstrating that sustainable practises can go hand-in-hand with business growth."

The company added that, in line with this vision, GreenCell Mobility is actively pursuing similar agreements in other states where it operates. The company’s goal is to transition completely from grid power to renewable energy (RE) sources. Additionally, GreenCell is exploring the deployment of battery energy storage solutions to ensure that its operations are end-to-end green. GreenCell is actively working with both central and state stakeholders to facilitate policy changes to increase adoption of RE power for e-buses, it continued.

Importance of renewable energy in combating climate change

In today's world, where the consequences of climate change are becoming increasingly evident, the importance of renewable energy cannot be overstated. GreenCell Mobility's strategic investment in a renewable power plant in MP is a powerful testament to their commitment to sustainability and their understanding of the urgent need for clean energy solutions.

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Climate change is a global crisis that requires immediate action. Fossil fuels, which have been the primary source of energy for centuries, are major contributors to greenhouse gas emissions. These emissions are responsible for the rising temperatures, extreme weather events, and other environmental disasters that we are witnessing today. In order to mitigate the impacts of climate change and create a sustainable future, a shift towards renewable energy sources is essential.

Renewable energy, such as solar, wind, hydro, and geothermal power, harnesses the natural resources available to us without depleting them. Unlike fossil fuels, renewable energy sources produce little to no greenhouse gas emissions during operation, making them significantly cleaner and more environmentally friendly. By investing in renewable energy, GreenCell Mobility is not only reducing their own carbon footprint but also contributing to the overall reduction of greenhouse gas emissions.

In conclusion Green Mobility initiative towards renewable energy is a great step towards a green future. The new addition of eco electric buses will help travel easy and environment friendly. Lets take a step together a prosperous fture and maake our travel more better and secure.