Epigral, a prominent chemical manufacturer based in Ahmedabad, has taken a significant step towards sustainability by investing ₹213.8 million (~$2.4 million) in a wind-solar hybrid power project developed by Prozeal Green Energy. This investment secures a 26% equity stake in Prozeal’s special purpose vehicle (SPV), Pro-Zeal Green Power Ten, which is set to supply 19.8 MW of renewable energy to Epigral’s operations in Gujarat.
This move aligns with Epigral’s commitment to reducing its carbon footprint and meeting the rising energy demands of its expanding operations. By integrating renewable energy into its power mix, Epigral not only supports environmental sustainability but also anticipates long-term cost savings on energy expenditures.
Prozeal Green Energy’s Role in the Transition
Prozeal Green Energy, established in 2013 and headquartered in Ahmedabad, has emerged as a leader in India’s renewable energy sector. With over 2 GW of green energy solutions installed and operational across 18 Indian states, Prozeal offers comprehensive services ranging from solar EPC to wind-solar hybrid solutions.
The company’s expertise in developing and managing large-scale renewable projects makes it a reliable partner for industrial clients like Epigral seeking to transition to cleaner energy sources.
The Broader Impact on India’s Industrial Sector
Epigral’s investment reflects a growing trend among Indian industries to adopt renewable energy solutions. According to Mercom India, the chemical industry accounted for 10% of solar open access capacity in 2024, highlighting a significant shift towards sustainable energy practices in the sector.
By embracing renewable energy, companies not only contribute to environmental conservation but also gain a competitive edge through energy cost savings and compliance with evolving regulatory standards.
Epigral’s strategic partnership with Prozeal Green Energy marks a pivotal move towards sustainable industrial practices in India. As more companies recognize the economic and environmental benefits of renewable energy, collaborations like this are set to play a crucial role in shaping a greener future for the nation’s industrial landscape.
