Cyient DLM has signed a Memorandum of Understanding (MoU) with Arcedo Systems, a premier provider of integrated renewable energy solutions, to establish a 500 kWp rooftop solar power plant at the company’s Mysore facility. This strategic collaboration reinforces the company’s commitment to sustainability and advancing its Environmental, Social, and Governance (ESG) goals by significantly increasing its reliance on renewable energy.
As part of this MoU, Arcedo Systems will design, engineer, install, and maintain the solar power plant. The project will operate under a long-term Power Purchase Agreement (PPA), where the company will procure solar power generated at the facility.
This project will not only provide the company with substantial energy cost savings but also contribute to India’s ambitious renewable energy goals by advancing the adoption of solar energy in industrial operations.
Cyient DLM, a subsidiary of Cyient, is the leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintenance. It has three state manufacturing facilities in Hyderabad, Bengaluru and Mysore.
| Company Name | CMP |
|---|---|
| Vikram Solar | 229.35 |
| Syrma SGS Technology | 977.65 |
| Saatvik Green Energy | 471.75 |
| Kaynes Technology | 4214.65 |
| Fujiyama Power Syste | 258.70 |
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