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    Bihar Govt Approves Upgradation of 75 ITIs into Advanced Skill Centres, Boosts Employment Push

    Bihar Govt Approves Upgradation of 75 ITIs into Advanced Skill Centres under PM- SETU, Boosts Employment Push

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    Infosys Shares Drop 4% Post Q4 Results; Equirus Maintains ‘Long’, Sees Rs 1,460 Target

    Infosys Shares Drop 4% Post Q4 Results; Equirus Maintains ‘Long’, Sees Rs 1,460 Target

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    LTTS Q4 FY26 Net Profit Rises 23.6% YoY to Rs 347 Crore; Revenue Up 14%, Declares Rs 40 Dividend

    LTTS Q4 FY26 Net Profit Rises 23.6% YoY to Rs 347 Crore; Revenue Up 14%, Declares Rs 40 Dividend

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    Stock Market Today: Sensex Crashes 852 Points, Nifty Slides 205; Rupee Hits 94.11 on Global Tensions

    Stock Market Today: Sensex Crashes 852 Points, Nifty Slides 205; Rupee Hits 94.11 on Global Tensions

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    Gold Drops on Inflation Fears as Oil Surges, US-Iran Tensions

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    Trent Q4 Results FY26: Net Profit Jumps 33% to Rs 413 Crore; 1:2 Bonus Shares, Rs 6 Dividend

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    Stock Market Today: Sensex Falls 831 Points, Nifty Dips as IT Stocks Crash Nearly 4%, Banks Drag

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    MCX Gold Price Today in India: City-Wise 24K, 22K Gold, 999 Silver Rates Amid US Dollar Index Swings

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    Rupee Falls 32 Paise to 93.48 Against USD on Strong Dollar Demand, Market Pressure

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    Gold Price Today in India: 24K, 22K, 18K, 999 Silver Rates Across Cities; US–Iran Talks Drive Market Risk

    Nestle Q4 Results FY26: Net Profit Rises 27% to Rs 1,111 Crore, Announces Dividend Rs 5/share

    Nestle Q4 Results FY26: Net Profit Rises 27% to Rs 1,111 Crore, Announces Dividend Rs 5/share

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    RBI Eases Rupee Trading Curbs Withdraws Offshore Derivative Rules to Support Rupee Stability

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Princeton Digital Group signs 25-year renewable energy agreement with Tata Power Renewable Energy

By: APAC Media

by APAC Media
June 7, 2023
in Technology
Reading Time: 2 mins read
Princeton Digital Group signs 25-year renewable energy agreement with Tata Power Renewable Energy
Summarize with:

Mumbai – Princeton Digital Group (PDG) has signed a renewable Power Consumption Agreement (PCA) with a subsidiary of Tata Power Renewable Energy Limited (TPREL), one of India’s largest renewable energy companies. Under the agreement, PDG’s MU1 data center in Airoli, Mumbai will consume power generated by a solar project located in the Nanded district, Maharashtra. The project is a captive development with investment from both companies that will provide PDG’s MU1 with its first phase of renewable energy. The project will commence generation in steps starting 1st June 2023.

The long-term agreement will enable PDG to take a meaningful step towards digital decarbonization by establishing a roadmap for its MU1 data center to be powered with up to 50% renewable energy.

“Cloud and digital adoption continue to surge in India leading to unprecedented growth in digital infrastructure. This gives us an opportunity to make long-term decisions that not only foster growth and innovation but also solve for sustainability,” said Vipin Shirsat, Managing Director, India, PDG. “Our agreement with Tata Power enables us to offer world-class sustainable data center services to our customers by substituting a substantial part of conventional energy with renewable energy. This partnership is a testament to PDG’s commitment to work towards achieving Net Zero for our Scope 1 and Scope 2 emissions by 2030”.

Sustainability is a core business focus for PDG. The company’s environment strategy is driven by procurement of renewable energy, energy and resource efficiency, green design and construction, and Technology and innovation. As a multi-country operator in Asia, PDG is working with leading renewable energy companies in the region to transition its portfolio of data centers from conventional power to low or zero-carbon energy options.

“We are excited to announce our association with Princeton Digital Group. Through this agreement, we reaffirm our mission of offering reliable green energy solutions that are specially designed to the varying requirements of our commercial and industrial customers. This association will help PDG reduce its carbon footprint and enable its MU1 data center to adopt renewable energy solutions. TPREL is committed to making sustainable energy attainable via such industry collaborations. We look forward to continuing our association with PDG as the company grows its footprint in India,” said Mr. Ashwinikumar Patil, Chief – O&M & CSR, Tata Power Renewable Energy Limited & CEO, WREL.

In December 2022, PDG launched the first phase of its MU1 data center, providing 48 MW of critical IT capacity across two buildings. The data center is Mumbai’s first IGBC Platinum certified facility, a premium green data center certification, and India’s first open Compute Project (OCP) Ready certified facility. It is also an Uptime Tier III certified facility. MU1 also received the Royal Society for the Prevention of Accidents (RoSPA) 2023 Gold Award for health and safety performance.

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Tags: DigitalPrincetonRenewable EnergyTPREL
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