Page 15 - MMI- Nov-Dec-2021

gy targets (450 GW by 2030). Our In 2017, Schneider Electric joined
installed power capacity would be RE100 and committed to source
more than double by 2030, while 100 percent of electricity from
our electricity demand would renewables by 2030. To deliver
be four times by 2050, which is a our target, we leverage four com-
positive trend, as ‘Electric and plementary tools: green tariffs,
Digital’ will pave way for ac- renewable certificates, power
celerating a low/no-carbon en- purchase agreements, and on-
ergy transition, and thereby site generation.
putting us and the world on the Currently, around 60 percent
1.5-degree celcius trajectory. Us- of the electricity used at our
ing electric can make our energy most energy-intensive sites in
supply and demand more efficient India is sourced from renew-
Venkat Garimella and sustainable, as electricity is ables, saving more than 12,000
Vice President the only vector of energy that tonnes of CO emissions per
Strategy & Sustainability 2
Schneider Electric India can be efficiently decarbonized. year. We have a mix of on-site
Subsequently, we must become solar installations and off-site
Going ‘Electric and Digital’ more digital as IT + OT conver- renewable power through wind
The impact of global warming is gence opens new and bigger and solar PPAs across our sites
quite evident today. That being opportunities to harness the in India.
the case, it is imperative to re- maximum potential of renew- We differentiate our sustain-
duce Earth’s carbon footprint by able energy and make instal- ability strategy by playing
adopting sustainable practices in lations and operations super- on both sides of the equation.
business operations in line with efficient with improved en- We are leading by example
the UN’s 2030 SDGs. Notably, ergy productivity. Significant in our ecosystem, and at the
global energy consumption has market opportunities are be- same time, with our com-
increased 40 times in the last 100 ing created in India in various plete range of EcoStruxure
years and is set to double by 2050. sectors, ranging from digital offerings, powered by digiti-
Of the total CO emissions, more and electric solutions to renew- zation, we are also part of the
2
than 80 percent is from the pro- able technologies, all a result of solution for making our custom-
duction or consumption of ener- the new focus on sustainabili- ers and communities sustainable
gy. As the current levels put us in ty. We are seeing an evolving and efficient.
the 3.5-degree celcius scenario, landscape of Distributed Energy With our state-of-the-art dig-
there is a need to reduce emis- Resources (DERs), Energy Storage, ital power conversion, and
sions drastically to remain within Peer-to-Peer (P2P) energy trading, distribution and software solu-
the 1.5-degree celcius limit. Green Hydrogen, supported by tions, we help our customers
Due to its lower carbon trail, it is next-generation technologies like to harness the maximum po-
necessary to deploy renewable Smart Grid, Artificial Intelligence, tential of renewable energy. In
energy sources to drive sustain- Machine Learning, and Block- India, 15 percent of the solar
able engineering operations across chain. For instance, Schneider power installed capacity runs
all industries worldwide. The Electric, through its EcoStruxure on Schneider Electric solutions.
utilization of renewable sources platform and digital offerings like With our consulting services,
of energy can help in addressing Microgrid Advisor, Resource Advi- our Energy & Sustainability
the increasing energy demand sor, Energy Storage Management Services (ESS) team helps vari-
through fossil fuels in agriculture, and Demand Response (DR), and ous organizations in India and
industries, and commercial and Demand Side Management (DSM) across the world to build, com-
residential buildings. This is pos- solutions, enable our customers to mit, and execute a carbon-neu-
sible only through the adoption decarbonize their supply and de- tral and net-zero emissions
of renewable energy technologies mand side to the maximum extent strategy while adhering to ob-
and a constant transfer of knowl- possible and embrace the new en- jectives like RE100. In India, our
edge and expertise. Globally, we ergy landscape. ESS team manages a portfolio of
are going to see renewable energy more than 600 MW of renew-
share increase more than six times Playing on both sides of able energy power purchase
in the coming 20 years. the equation agreements, including on-site
When it comes to India, we have We deploy renewable energy solar installations, off-site solar,
taken ambitious renewable ener- both internally and externally. and wind energy procurement.

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