Net supplier buys into solar energy firm

Aquaculture nets and ropes supplier Garware Technical Fibres has confirmed the acquisition of a 26% stake in solar energy company TP Bhaskar Renewables (TPBRL) as part of its roadmap to becoming carbon neutral.

Garware sustainability aquaculture solutions

“Green energy is clean energy, it comes from an inexhaustible energy source; it does not generate polluting emissions or greenhouse gases. It promotes energy independence and generation for self-consumption, it is sustainable and it is implemented to diversify energy sources,” Garware Technical Fibres’ Manager Americas Gopakumar Menon said.

According to Menon, Garware’s actions, products and commitments demonstrate a solid focus towards sustainability and the reduction of greenhouse gas emissions. 

“By continuing to implement these practices, we contribute to mitigating climate change and promoting a more sustainable future,” he said.

Currently, 40% of the energy sources in Garware’s plants come from wind power. In the future, it projects that 65% will come from a renewable energy source. 

Already, the implementation of actions to reduce emissions, such as the adoption of renewable energy sources and the improvement of energy efficiency, has led to a significant reduction of 123 million kg of CO2 equivalent.

Regarding recycling and water conservation, Garware recycles 65% of the waste produced internally and sells the remaining 35% to other recyclers. In addition, it completely recycles the wastewater generated in its operations and reuses it in secondary applications, thus the average water consumption has been reduced by 25% when comparing fiscal year 2021-22 with FY2019.

It also decreased the greenhouse gas emissions per tonne of production by 24% in FY21-22 compared to FY2019.