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Sami-Sabinsa Group collaborating to set up a 3.60 MW DC solar project at Ballari

The sun-drenched landscape of Ballari District in Karnataka is soon to witness a remarkable collaboration between the Sami-Sabinsa Group and renewable energy experts. Together, they are embarking on a pioneering venture: a 3.60 MW DC solar project. With an estimated cost of USD 0.75 Million per MW, this initiative aims to harness the abundant solar potential of the region and pave the way for a sustainable future.

Pioneering multinational health science company, Sami-Sabinsa Group, has entered into a mutually beneficial and long-term partnership with O2 Renewable Energy, a subsidiary of the renowned Singapore-based renewable energy developer, O2 Energy SG PTE Ltd. Under this agreement, Sami-Sabinsa Group will procure 150 million units (MU) of renewable power over a span of 25 years, emphasizing their commitment to sustainable practices and renewable energy consumption.

By investing in clean energy, the Sami-Sabinsa Group is poised to make a significant impact on India’s shift towards sustainable energy sources and its ongoing fight against climate change.

With a firm commitment to promoting environmentally-friendly manufacturing practices, Sami-Sabinsa Group is embracing captive solar energy for all its manufacturing facilities located in Karnataka. As part of this initiative, the group is actively collaborating on the establishment of a 3.60 MW DC solar project in Ballari District, Karnataka. This project is estimated to cost approximately USD 0.75 Million per MW of solar capacity. Demonstrating their dedication to this venture, Sami-Sabinsa Group has committed to acquiring a minimum of 26 percent of the project’s securities. To solidify this commitment, the group has signed a Security Subscription and Shareholders’ Agreement with O2 Energy, Singapore, and its Indian Subsidiary.

“Our commitment to investing in solar energy and prioritizing environmentally-friendly solutions aligns with our mission to combat climate change and reduce our carbon footprint,” expressed Dr. Muhammed Majeed, Founder and Chairman of the Sami-Sabinsa Group.

Anticipated to be operational by October 2023, the project will facilitate the supply of approximately 6.35 million units of clean and renewable energy each year to Sami-Sabinsa’s five manufacturing facilities located in Karnataka.

This endeavor not only underscores Sami-Sabinsa’s dedication to embedding sustainability throughout its operations and conserving natural resources but also aims to generate employment opportunities within local communities. Moreover, the initiative will enhance energy efficiency across the company’s manufacturing sites, resulting in substantial cost savings on energy expenses, as highlighted by Dr. Anju Majeed, Director of the Sami-Sabinsa Group.

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