Vedanta Aluminium is committed to transitioning to renewable energy sources, aiming to achieve 30% of its energy mix coming from solar, wind, and other low-carbon sources by 2030. To achieve this goal, the company is diversifying its energy mix through partnerships and innovative technologies. For instance, its partnership with Serentica Renewables will secure 1.3 GW of solar and wind energy, reducing annual CO2 emissions by 3.2 million tonnes. Additionally, the company is exploring alternative fuels like biomass briquettes and pellets made from agricultural waste, as well as promoting energy efficiency and innovation.
The company is also decommissioning old energy systems and scaling up production of its green aluminum, Restora, which is manufactured using 100% renewable energy. This aligns with its Net Zero strategy, aiming to reduce its carbon footprint and transition to sustainable energy sources.
Vedanta Aluminium has also partnered with PwC to strengthen biodiversity conservation and reduce carbon emissions in Odisha, through projects such as carbon sequestration, habitat restoration, and innovative afforestation techniques. This partnership supports the company’s commitment to environmental stewardship and sustainable development.
However, the company faces regulatory challenges in implementing renewable energy solutions, including complex policy frameworks and limited grid connectivity. To overcome these challenges, it believes that closer public-private partnerships are essential.
The company is also planning to obtain environmental clearances for its proposed bauxite mine, which will yield operational and sustainable benefits, including reduced costs and carbon footprint. The project aligns with its sustainability objectives, emphasizing environmentally friendly mining practices and rehabilitation and reclamation of mined land.
Overall, Vedanta Aluminium’s efforts to transition to renewable energy and promote sustainability reflect its commitment to environmental stewardship and responsible business practices.