In a move to power its manufacturing plants with clean energy, textile manufacturer Sangam India has entered into an agreement to source renewable power from a hybrid wind-solar project developed by Continuum Green Energy, reports MERCOM.
The company will procure the energy under a captive arrangement from Continuum’s special purpose vehicle, CGE II Hybrid Energy. To formalize this, Sangam India has acquired a 3.86% equity stake in the project by purchasing 114.2 million shares.
This initiative is part of Sangam India’s strategy to increase its consumption of renewable power to 12 MW for its manufacturing units located in the Bhilwara district of Rajasthan. The company stated that the transaction does not require any government or regulatory approvals.
Sangam India is already sourcing renewable energy from existing solar and wind projects. The company reported a significant increase in its green power consumption, which rose to 166,379.60 gigajoules in FY 2024–25 from 72,618.37 gigajoules the previous year.
Looking forward, the company also plans to implement smart energy management systems for real-time monitoring and optimized usage. This agreement aligns with a broader trend in the Indian textile sector, where several major firms are switching to solar and wind energy to reduce their carbon footprint.
