- Source :Bloomberg
CleanMax Solar has signed a contract with Volvo Group India Pvt Ltd. The contract has been signed for long-term supply of 2.75 MW solar power for Volvo’s truck units in Bengaluru. This is likely to reduce the Volvo’s carbon dioxide emission by 3,380 tonnes per annum and will also lead to a significant operating cost savings for the automaker. According to the contract, the Volvo is likely to start drawing power from CleanMax Solar’s Ballari facility in May 2018, for its Hoskote and Peenya manufacturing facilities and will continue to do so for 10 years.