Last week, world leaders congregated for the COP27 summit in Egypt and deliberated the needed measures to combat
climate change. But what happens next? Public-private partnership is the key here and it is imperative for
organizations and governments across the globe to join forces and take conclusive actions to accelerate progress.
The government is also actively involved in funding solar projects. Earlier in 2022, the Gujarat State Government
collaborated with the Central Government to make Modhera in Gujarat, India's first round the clock solar powered
village with a ground-mounted solar power plant and over 1,300 rooftop solar systems with 1 KW capacity.
Adani Foundation has facilitated Bhandut in becoming the first solar-power irrigated village in the state. A total
of 401 farmers are reaping the benefits of the initiative collectively saving approximately Rs. 1.10 Crore annually
on diesel, Rs. 20 lakhs in labour and 36,000-man hours annually. Vatsaa Energy, a start-up in Wayanad is partnering
with Gujarat State Electricity Corporation Limited to set up floating solar power plants. Gautam Freight has also
commissioned a 4 MW solar power plant project in Bhavnagar expected to generate over 5.8 million units of electricity
reducing carbon emissions by over 6 lakh tons. Residential projects aren't far behind either with real estate players
also announcing solar powered properties. Gujarat's first 100% solar-powered villa project, GPP ONE, is being
developed as an eco-luxurious community purely on the principles of sustainability and co-existence.
After India's COP26 commitment to use 500GW of non-fossil fuel power to meet 50% of India's energy needs by 2030
and reach net zero emissions by 2070, businesses are stepping up to the challenge. Leading companies from the
diamond industry like Shree Ramkrishna Exports Pvt. Ltd. (SRK) from India are involved in an ongoing effort to
embrace renewable energy to both improve bottom-line savings and empower local communities.
The state of Gujarat is leading the country in adoption of rooftop solar with 84% of the country's installations,
and with many organisations, SRK Exports has contributed to this achievement. And as India's Rooftop Solar
programme aims to achieve its target of 40 GW of rooftop solar capacity added by 2026, the organisations in Gujarat
are helping make this mission a success, taking big strides in solar power innovations.
On the occasion of India's 75th Independence Day and Diwali this year, SRK Exports also gifted solar rooftop panels
to the families of 750 martyrs and their 1,000 employees respectively. Combined, these initiatives will positively
impact more than 5,000 lives, directly and indirectly helping to save on electricity costs and contribute to preserving
the local environment. In addition to advancing India's solar power initiatives, the company is striving to become a
worldwide leader in ESG and has made bold net zero commitments. As a purpose-driven company, the company continues to
be a prominent player in sustainability efforts. Through pursuing green building certifications for its buildings,
and now with its latest pledge to achieve net zero emissions for two of its diamond crafting facilities by 2024 in
partnership with The Global Network for Zero, SRK Exports is cementing this role.
As COP27 winds up with ambitious goals and new commitments announced, there is hope that with companies, the state
and central governments coming together, those promises will be kept.