UltraTech Cement, an Aditya Birla Group company, has signed an energy supply and a share subscription and shareholders agreement to source power from AMPIN C&I Power Forty Four’s 30 MW solar project.

Ultratech will invest ₹151.2 million (~$1.64 million) to purchase 26% of the shares of AMPIN C&I Power Forty Four, a special purpose vehicle (SPV) of AMPIN Energy Transition incorporated to generate and transmit renewable energy.

The transaction is expected to be completed within 180 days.

The company will source solar power from the SPV to meet its green energy needs, optimize energy costs, and comply with regulatory requirements on captive power consumption.

According to UltraTech’s 2024-2025 Integrated and Sustainability Report, the company expects to meet its RE100 commitment to source 100% of its energy from renewable sources by 2050.

As of the financial year 2025, UltraTech had a renewable energy capacity of 1.02 GW. Renewable energy currently makes up 27.8% of the company’s energy mix. This is expected to rise to 85% by 2030.

UltraTech consumed 9,568.20 TJ of energy from renewable sources.

Last April, the company announced it would source renewable energy from AMPIN Energy Transition’s SPV AMPIN C&I Power Eight.

In December 2024, UltraTech Cement announced that it would source renewable energy in captive mode from CleanMax’s SPV, Clean Max Sapphire. It would acquire a 26% equity share in Clean Max Sapphire, investing up to ₹457.6 million (~$5.3 million).

In October 2024, UltraTech said it would procure an additional 7 MW of wind-solar hybrid power from Continuum MP Windfarm, raising the total procurement from 14 MW to 21 MW.

Transitioning to renewable energy sources is a key imperative for hard-to-abate industries like cement. Multiple cement companies are increasing the use of renewable energy to meet their power needs, reduce their energy bills, and meet their clean power obligations.