Commercial, Solar, Wind  -  December 3, 2024

APM Terminals Pipavav Signs Wind, Solar PPA

APM Terminals Pipavav (Gujarat Pipavav Port Ltd), a gateway port in western India, announced it signed a 25-year power purchase agreement (PPA) for a hybrid wind and solar project in Gujarat.

The agreement was signed with CleanMax, a renewable energy provider for the commercial and industrial (C&I) sector and a Brookfield-backed company in Asia. 

The strategic alliance represents APM Terminals Pipavav's mission to fulfill its commitment to achieve full net-zero status by 2040, as well as to reduce its Scope 1 and 2 emissions by 65% by 2030 relative to 2022 levels. APM Terminals Pipavav made the decision to pursue net-zero operations to act in the best interests of its stakeholders, including employees, customers, the environment and business operations. 

The project features a total capacity of 3.50 MW wind and 1.06 MWp solar under the third-party open access model and was implemented in two phases: the first in January 2022 (2 MW Wind and 0.50 MWp Solar) and the second in September 2024 (1.50 MW Wind and 0.56 MWp Solar). 

This hybrid energy solution will help avoid about 3,822 metric tons of CO2 emissions annually.

"This partnership with CleanMax demonstrates our decarbonization efforts for the maritime industry,” said Girish Aggarwal, managing director of APM Terminals Pipavav (GPPL), in a statement. “We are the first company in our industry to have our climate targets officially validated by the Science Based Targets initiative (SBTi), a globally recognized authority on climate responsibility. The association with CleanMax ensures we not only meet our renewable energy targets but also contribute meaningfully to India's larger environmental goals. This further adds to our commitment to achieve full net-zero status by 2040."

This initiative supports APM Terminals Pipavav's goal of becoming a certified “Green Port,” emphasizing environmentally responsible and sustainable operations.