Metals and Mining sector

Metals and Mining

Greening Solutions for Metals & Mining Industry

Indian Metals and Mining industry’s electricity demand is expected to increase by 25% in the next five years

metal-mining-graph

As Quoted By

Growth in steel consumption

The Indian steel industry has registered an average growth rate of more than 10% CAGR in output in the last five years. Steel consumption has maintained a growth rate of 10%.

-Equitymaster

Structural reforms in mining

The government has proposed nine structural changes. One of the major changes it aims to bring in is redefining the norms of exploration for auction of mineral blocks to ensure a seamless transition from exploration to production..

-Mongabay

Non-Ferrous Metals outlook

Rating agency ICRA has revised its non-ferrous metals sector outlook to positive from stable on the back of robust prices and improving demand despite a near-term concern of coal availability.

- Economic Times

Green Advanced Solution offers high greening with RTC power; Combining it with Green Max can provide 100% greening

Parameter
Bio Energy 1 Green My
Solar Panel 2 Green Touch
Windmill 3 Green Advanced
Solar 3 Green Max
  • Greening potential
    0-5%
    20-30%
    50-70%
    100% (In combination with option 2/3 or standalone)
  • Power Reliability & Technological maturity
    Intermittent power; Mature tech.
    Intermittent power; Mature tech.
    Intermittent power; Mature tech.
    vPPA emerging in Indian market; iRECs more mature
  • Cost saving & tariff reliability
    High savings, use of own land
    Limited saving; tariff locked
    High saving; tariff locked
    Limited saving; variable tariff in vPPA
  • Regulatory support
    Most states have mature policies
    Most states have mature policies
    Hybrid policies upcoming in states with RE potential
    iRECs more mature; vPPA evolving
  • Favourable Context
    Can be bundled with Virtual Greening to provide 100% greening
    Can be bundled with Virtual Greening to provide 100% greening
    Befits players looking for stable power with commercial benefits and high degree of greening Can be bundled with Virtual Greening to provide 100% greening
    Only suitable for firms with high focus on

ReNew has been at the forefront of greening FMCG majors; For a consumer goods company, ReNew achieved 100% greening with commercial benefit

1 My Green

  • * Onsite solar solutions
  • * ReNew offers solution basis specific client needs
  • * Maximize savings by utilizing unused plant space, including rooftops

2 Green Touch

  • * Onsite / open-access solar / wind solutions
  • * ReNew offers solution basis specific client needs: Maximize savings, ROE etc.
  • * Lock-in savings for entire PPA term

3 Green Advanced

  • * Open Access solution blending wind & solar to achieve higher greening
  • * ReNew’s proprietary solution engine achieves higher RE units per MW of PPA, maximizing savings.

4 Green Max

  • * Virtual contracts to offset brown power
  • * ReNew’s proprietary solution engine allows procurement of 100% unbundled green attributes
  • * No physical setup changes needed; immediate execution