January 28, 2014
Tata Capital launches Surya Aranya, a unique innovation in solar power
Sets a trend by reinforcing the need for renewable energy
|Dr Mukund Rajan, brand custodian and chief ethics officer, Tata Sons, and Amar Sinhji, head, human resources and corporate sustainability, Tata Capital, unveil the Surya Aranya – the forest of the sun|
Tata Capital, through this initiative, aims to put in practice the efficacy of solar-powered energy. Based on a revolutionary urban lighting concept that is widely accepted across Europe and the US, this solar forest, which consists of a set of six solar paneled trees, will self-illuminate and power garden and security lights on the campus from dusk to dawn, producing close to 750 watts of energy. The garden lights have been retrofitted with LED bulbs that consume less electricity as compared to conventional incandescent or CFL bulbs. Tata Capital and CERE have added an innovational dimension to the cluster of ‘solar trees’ to bring to light the message that ‘renewable energy’ saves habitats and wildlife. Each tree trunk bears two symbols of either a plant or an animal species that is on the verge of extinction in India. Conventional fossil fuel-based power plants have been responsible for the decline in biodiversity and therefore, renewable energy is the answer to such complex and related environmental problems.
India Inc has been speaking about renewable energy being one of the sunrise sectors for future growth in India. According to a recent study by CII, there is a great need for corporates to focus on and engage in sustainable development or green growth. Tata Capital is leading by example in this area by establishing a practical alternative for living the ‘green way’.
Speaking on the launch of this unique initiative, Dr Rajan said,” The Tata group strongly believes in giving back to the society and since inception our constant endeavour has been to empower sustainable livelihood. Towards this I am delighted to announce the launch of the first-of-its-kind solar panel trees in Navi Mumbai. Our aim is to replicate similar initiatives across the country beginning with Tata Capital’s office premises.”
Amar Sinhji, head, human resources and corporate sustainability, Tata Capital, said, “One of the key areas of focus of Tata Capital’s corporate sustainability initiatives is the environment and its conservation. We recognise the chronic need for energy conservation and developing sustainable sources of energy. The Surya Aranya is a unique ‘green’ innovation and is the first of many steps at Tata Capital towards the use of renewable energy.”