Solar park in the village bhatpur of Vadodara district, gujarat
At Alembic, we are deeply committed to fostering a sustainable future by actively investing in initiatives that drive
decarbonization of our business operations. One of our significant endeavours includes the establishment of a stateof-the-art ground mount solar park in the Village Bhatpur of Vadodara district, covering an expansive 30-acre land
area and boasting an impressive capacity of 12 MW.
Our dedicated efforts are directed towards ensuring that this ambitious project is commissioned and fully
operational in 2023, delivering a clean and renewable energy source to power our Panelav facilities, encompassing
both API and Formulations units. By embarking on this sustainable path, we envision reducing our reliance on grid
electricity, thereby advancing our goal to achieve Net Zero emissions by the year 2040.
The solar park itself is a testament to our steadfast
commitment, as it represents a substantial investment
of Rs. 61 crores. We anticipate the project to reach
breakeven in a span of 7 years, promising a compelling
return on investment of 14.5%.
By embracing such innovative and environmentally
responsible projects, we not only ensure a greener
and more resilient operational landscape but also
uphold our pledge to contribute to the global fight
against climate change. Furthermore, our dedication
to sustainability goes beyond this undertaking, as we
continue to explore and pursue further opportunities,
like the upcoming Karkhadi additional solar park, to
further enhance our operational resilience and propel
our journey towards a cleaner and brighter future.