TAMIL NADU, India, December 7, 2022 – TotalEnergies ENEOS has completed a rooftop solar PV (photovoltaic) installation for Sri Kannapiran Mills, a leading textile company in Tamil Nadu to power about 30% of its facility with renewable energy.
Under the agreement, Sri Kannapiran Mills’ manufacturing site is equipped with an over 1 MWp solar power system installed by TotalEnergies ENEOS. The approximate 1,500 MWh of electricity generated by the system each year will reduce carbon emissions by over 1,200 tons annually, equivalent to taking more than 200 cars off the road.
As well as reducing the company’s carbon footprint, Sri Kannapiran Mills will be able realize electricity supply cost savings from the clean energy produced for 25 years without any upfront investments.
Sri Kannipiran Mills, the flagship company of KG Group, is enriched with more than 50 years of experience in the textile industry. Sri Kannipiran Mills actively promotes sustainability and renewable energy in their factory operations. The textile company’s ultimate objective is to minimise the carbon footprint and achieve a cleaner and eco-friendly environment by installing solar photovoltaic (PV) panels on all their factory roofs for captive consumption using solar energy. This solarisation project will, hence, contribute to the sustainability targets set by Sri Kannapiran Mills.
B Srihari, Managing Director of Sri Kannapiran Mills, Coimbatore said, “Over the last 50 years of our operations, sustainability has always been the core value for Kanniparan Mills. We believe if we have to grow in scale, we need to have sustainable practices at its core. Clean and green power today not only reduces emissions and improves business reputation, but also gives us a competitive advantage as it provides stable and sustainable energy for the long term. As a responsible and growing organization, we are happy to join hands with TotalEnergies ENEOS in building a long term self-sustainable solar project which will fulfil both our environmental sustainability and cost saving goals.”
Gavin Adda, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia said, “We are pleased to be trusted by Sri Kannapiran Mills to support their energy needs and meeting their environmental sustainability goals at the same time. TotalEnergies ENEOS provides its customers peace of mind from a technical, financial, and commercial perspective. We are committed to being a long-term energy partner for Sri Kannapiran Mills to advance in their sustainable journey.”
About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies’ gross renewable electricity generation installed capacity is close to 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world’s top 5 producers of electricity from wind and solar energy.
ENEOS Corporation and renewables electricity
ENEOS operates over 20 solar power plants in Japan and are also participating in renewable energy projects in the United States, Australia, and Vietnam. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS’ first overseas renewable energy project using distributed power sources.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group’s envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group’s envisioned goals through a broad range of energy businesses.
About Sri Kannapiran Mills
Sri Kannapiran Mills, a part of KG Group, is a leading producer of 100% cotton yarn and true sustainable denim fabrics matching the world’s most stringent quality standards. The company is a top player in the textile industry in South India and is recognised for their presence in both the domestic and the international markets.
Sri Kannapiran Mills has two open end and two ring spun yarn units equipped with notably modern and state-of-the-art machinery which are utilised in their factory operations and are consequently able to produce 83 tons of cotton yarn per day. The denim fabric manufacturing facility, KG Fabriks, is the first GreenCo and GreenPro certified company in India with a production capacity of 20 million meters per annum. They are known for manufacturing various types of textiles which are exported to most of the countries across the globe.
TotalEnergies ENEOS Contacts
Media Relations: email@example.com
Sri Kannapiran Mills Ltd Contacts
Media Relations: firstname.lastname@example.org
Cautionary Note TotalEnergies
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Cautionary Note ENEOS Corporation
The terms “ENEOS”, “ENEOS Group” in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.