Elevating the future of renewable energy -
Mindtree Limited, Karnataka

• availability of rooftop area: When Mindtree was evaluating the ways it could go green, the space available at the site for a new solar installation was a challenge. Commercial buildings such as Mindtree’s IT complexes typically have limited roof space for onsite solar power plants to satisfy their significant energy demand. For companies like Mindtree with an interest in furthering their sustainability through solar power, a regulatory environment like Karnataka’s is attractive, as it establishes long-term certainty for both generators and off-takers of power and thereby facilitates the long-term contracts needed to finance solar projects.
• Lack of clarity on net metering:
  Because Mindtree was one of the first few off-takers under the new KERC Policy, there was a little clarity on net metering and adjustment of units sent back to the grid.

• No space, still significantly green:
  Despite having no space at their IT campus, Mindtree was able to offset 75% of their power with cleaner solar power and abate 2832 tons of CO2 annually without disrupting their business practices.
• Favorable open access policy by Government of Karnataka:
  The banking and wheeling charges applicable to power is about INR 1.5 – 2 per unit in Karnataka. As per the New Open Access Policy by Government of Karnataka, these have been exempted for solar power for the next 10 years. Exemption of these charges enables developers like CleanMax to provide solar power at competitive rates; passing on the cost competitiveness to the consumers, like Mindtree

• One of the first few offtakers from Karnataka’s first solar park for corporate India of 30 MWp
• Plant meets roughly 75% of energy demands
• Mindtree could switch to solar power for a significant portion of their energy, with zero investment at a significant discount to grid tariffs

About CleanMax

CleanMax is the sustainability partner for India’s leading corporates. Headquartered in Mumbai, it is the largest provider of solar power to commercial and industrial customers.
The company develops projects on turnkey basis, providing cheaper-than-grid solar power without any upfront investment from its customers. With a highly skilled in-house team, CleanMax operates across India, Middle East and South East Asia.
Our track record with India’s top companies has made CleanMax a preferred partner across sectors such as Automotive, Pharmaceuticals, Food & Beverages, Information Technology, Education and many other industries. We also partner with some of India’s leading government institutions and top universities.

About Mindtree Limited

Mindtree Limited is an Indian multinational information technology and outsourcing company headquartered in Bengaluru, India and New Jersey, USA. The company deals in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, EAI and ERP, with more than 328 clients and 43 offices in over 17 countries. Its largest operations are in India and major markets are the United States and Europe.

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