Hindustan Unilever Ltd. announced that it will be collaborating with Brookfield, a pioneer in alternative asset management worldwide, to establish a 45 MW solar energy park in Rajasthan.
Hindustan Unilever will get closer to its net-zero goal with the aid of this endeavor.
The board of directors of Hindustan Unilever has given its approval for a maximum equity investment of 27.73% in Transition Sustainable Energy Services One Pvt. Ltd.
This is a special-purpose vehicle (SPV) integrated by Brookfield, which has some of the world’s largest renewable energy platforms.
The government’s Group Captive Open Access Renewable Energy Scheme has allowed the formation of this SPV.