Parijat Industries first solar plant aids India’s solar energy target

The continuous use of fossil fuels is set to face multiple challenges. From global warming and other environmental concerns, to geopolitical and military conflicts and of late, continued and significant fuel price rise; renewable energy is the solution to the growing energy challenges as they are abundant, inexhaustible and environmentally friendly.

July 30^th and 31^st 2012, saw India’s largest power blackout across the globe (The Great India Outage), which stretched from Kolkata to New Delhi. This blackout was attributed to the northern power grid failure, resulting in about 700 million people going without power.

In January 2015, the Indian government expanded its solar plans, targeting US$100 billion in investment and 100 GW of solar capacity by 2022. Prime Minister Narendra Modi said at the 2015 COP21 climate conference in Paris, “The world must turn to the sun to power our future. As the developing world lifts billions of people into prosperity, our hope for a sustainable planet rests on a bold, global initiative.” In sync with this initiative, and as a commitment to clean the environment, Parijat Industries India Pvt. Ltd. recently invested and installed a solar plant at their manufacturing plant in Ambala, Haryana.

Under Haryana Renewable Energy Development Agency’s (HAREDA) state policy, Parijat Industries has installed a Grid-Tied Solar Rooftop capable of generating 450kW of energy. While this is enough to satiate 90% of the factory’s needs; excess or unused power will be added to a grid set up by the HAREDA, which can then be used by neighboring villages outside of Parijat Industries manufacturing premises.

As the awareness for an alternative means of energy grows, more and more corporates are investing in solar power. While there are several industries, like IT, steel, pharmaceutical, etc., across India, that have taken initiative in solar energy; there are but a handful of agrochemical companies associated with the enterprise of solar power. Running with the big corporations of the agrochemical industry; Parijat Industries’ commitment to creating a green, renewable energy source is cardinal. It is also a humble contribution to the commitment of government of India to generate 100 GW of solar capacity by 2021. Parijat was awarded the International Environment Management Award in the year 2015.

“The instillation of Parijat’s first solar energy generation capacity, is in line with our company’s commitment to responsible environment practices.” – Vikram Anand, Director

Parijat Industries India Pvt. Ltd. is an Indian MNC manufacturing and selling plant protection products. With several international and ISO accreditations, Parijat Industries caters to an extensive distribution network primarily in India, C.I.S and Russia; along with over 70 other countries worldwide. Rabo Equity Advisors, investment advisors for India Agri Business Fund II, have invested in Parijat Industries for acquisition of a minority stake, in 2016.