This involved using Renewable Energy Certificate (REC)s, a kind of currency that allows the bearer to own one megawatt-hour (MWh) of electricity generated from a renewable energy resource, used by both its US and Indian businesses.
“Everyone is committed to work towards these emissions targets and promoting the use of green energy, and apart from the RECs we have also installed solar panels to power our strip lights and so on, which is approximately 4% of our production,” said Nagesh Shekhadar, general manager at Seco India.
Seco India is also reportedly looking into wind energy. “We need to work on hybrid solutions, and once the supply of green energy increases, the price of it will go down,” added Atul Mohkhedkar, another general manager.
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