Tata Power has signed a Memorandum of Understanding (MoU) with JLL India to promote green energy solutions in the realty space. With the real estate sector contributing nearly 40% of all greenhouse gas emissions, it is time to think green and to lead the realty sector towards green energy adoption.
JLL is India specialising in real estate and investment management. With a presence in 11 cities, 17 offices, and over 135 client locations across the country, JLL manages over 415 million sq feet of space.
Under the collaboration, both the companies will jointly evaluate opportunities across JLL India’s clients’ portfolios to extend Tata Power's Green Energy solutions. Tata Power will also work with JLL India to support the transition of their existing offices in the country into Green Energy power hubs.
The MoU was signed by Tata Power and JLL India in a ceremony in Mumbai.
Tata Power will provide quality, reliable and cost-effective renewable energy through Open Access Solutions. In addition to this, seamless and consumer-friendly metering and billing solutions using smart meters will be installed in all the properties. These smart meters will be equipped with data analytics that monitors real-time consumption along with consumption prediction and will help customers to optimise energy usage. Additionally, the company will also install solar rooftops, which will not only help in providing clean and green energy consumption but also help in savings in energy bills. To aid in a smart lifestyle, the company will also provide IoT-based, voice/app-controlled automation-based energy management solutions.
Tata Power will also encourage e-mobility solutions by providing 24*7 EV chargers which will include installation and annual maintenance. EV Users will be able to connect through the Tata Power EZ Charge mobile application for remote vehicle charging monitoring & e-payments options.
Speaking at the MoU signing ceremony, Dr. Praveer Sinha, CEO & MD, Tata Power, said, "We are delighted to partner with JLL India to usher in Green Energy solutions in the realty space through our clean and green energy solutions. We are confident that our expertise as an EaaS (Energy as a Service) provider will help JLL and its discerning customers to adopt a green and sustainable lifestyle."
"We are at a tipping point and, to deliver a net zero economy, adoption of renewable and green energy is the need of the hour. While setting or committing to sustainability goals acknowledges the issue's criticality, efforts must be made to convert commitments into tangible results," said Radha Dhir, CEO and Country Head, India, JLL.
"An ecosystem of partnership and collaboration is crucial to accelerate the race to net zero. With partners like Tata Power and their vision of providing clean, green, and sustainable solutions for all our energy needs, we are certain of driving the sustainability agenda in the real estate ecosystem," she added.
As part of its ESG roadmap, Tata Power is working towards becoming carbon net zero by 2045. The company also aspires to achieve a clean energy portfolio of 70% by 2030 and 100% before 2045 and is committed to becoming 100% water neutral and 100% zero waste the landfill before 2030.
According to JLL’s 2021 Global Sustainability Report, JLL's net-zero target aims for the full abatement of 95% of its carbon footprint by 2040. By the end of 2021, JLL had reduced Scope 1 and 2 emissions by 17% from its 2018 baseline year, and the firm is on track to meet its net-zero 2030 target for occupied office space and its vehicle fleet.