TAMIL NADU, India, April 8, 2022 – Sri Kannapiran Mills, a leading textile company in Tamil Nadu, signed a long-term agreement with TotalEnergies for a rooftop solar PV (photovoltaic) installation to power 30% of the needs of their facility with renewable energy.
Under the agreement, Sri Kannapiran Mills’ manufacturing site will be equipped with an over 1MWp solar power system installed by TotalEnergies. The system is likely to be running from June 2022. 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.
In addition to reducing the carbon footprint, Sri Kannapiran Mills will be able to increase cost savings with the clean energy produced by system 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 in building a long term self-sustainable solar project which will fulfil both our environmental sustainability and cost saving goals.”
Gavin Adda, Head of TotalEnergies Renewables Distributed Generation Asia, said, “As the leading solar power provider in the region, we are honoured to offer solar solutions that minimise costs and lower the carbon footprint of Sri Kannapiran Mills. TotalEnergies provides its customers peace of mind from a technical, financial and commercial perspective. We are committed to maintaining a business relationship with Sri Kannapiran Mills and working on any future collaborations.”
***
About TotalEnergies Renewables Distributed Generation in Asia
TotalEnergies Renewables Distributed Generation is a major international provider of fully integrated distributed solar energy solutions, including solar-powered rooftops, carport and ground-mounted solar power plants, with a portfolio of over 800 MW of projects in construction and operation worldwide. In Asia, TotalEnergies Renewables Distributed Generation is one of the largest and fastest players in renewable energy distributed generation in the region for commercial and industrial customers, with a portfolio of over 600 MW of projects in development and operation across 10 countries. https://solar.totalenergies.asia
TotalEnergies, renewables and 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 September 2021, TotalEnergies’ gross renewable electricity generation capacity is 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources 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.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: 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, clean, 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 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 Contacts
- Media Relations: contact.solar.asia@totalenergies.com
Sri Kannapiran Mills Ltd Contacts
- Media Relations: yarn@kannapiran.co.in
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. 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.