Potential offtaker

Club Mahindra

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Club Mahindra is a leading hospitality brand in India that offers a range of vacation ownership plans to its customers. With over 50 resorts spread across India and abroad, Club Mahindra has been providing memorable holiday experiences to its members for over two decades. The company is a subsidiary of Mahindra Holidays and Resorts India Limited, which is a part of the Mahindra Group - a diversified conglomerate with interests in various sectors such as automobiles, aerospace, agribusiness, and more.

As a responsible corporate citizen, Club Mahindra has been actively pursuing decarbonisation and renewable energy initiatives to reduce its carbon footprint and contribute towards a sustainable future. The company has set ambitious targets to reduce its greenhouse gas emissions and has been taking various measures to achieve them.

One of the key areas of focus for Club Mahindra has been corporate energy management. The company has been implementing energy-efficient practices in its resorts to reduce its energy consumption and associated emissions. This includes the use of energy-efficient lighting, HVAC systems, and appliances, as well as the installation of solar panels and other renewable energy systems.

In addition to energy efficiency, Club Mahindra has also been exploring corporate power purchase agreements (PPAs) to source renewable energy for its operations. PPAs are long-term contracts between a company and a renewable energy generator, where the company agrees to purchase a fixed amount of renewable energy at a fixed price over a specified period. By entering into such agreements, Club Mahindra can ensure a stable and predictable supply of renewable energy, while also supporting the growth of the renewable energy sector in India.

Club Mahindra has already signed a PPA with a solar power developer for one of its resorts in Rajasthan, which is expected to generate around 1.5 million units of clean energy per year. This is equivalent to offsetting around 1,200 tonnes of CO2 emissions annually, which is a significant contribution towards the company's decarbonisation goals.

Apart from these initiatives, Club Mahindra has also been investing in various renewable energy projects across India. For instance, the company has invested in a wind power project in Maharashtra, which has a capacity of 27 MW and generates around 60 million units of clean energy annually. This investment not only helps the company meet its renewable energy targets but also contributes towards India's goal of achieving 175 GW of renewable energy capacity by 2022.

In addition to renewable energy, Club Mahindra has also been exploring other sustainable practices such as waste management, water conservation, and biodiversity conservation. The company has implemented various measures to reduce its waste generation and promote recycling and composting. It has also been implementing water-efficient practices in its resorts, such as rainwater harvesting and wastewater treatment. Furthermore, Club Mahindra has been promoting biodiversity conservation by preserving and restoring natural habitats in and around its resorts.

Overall, Club Mahindra's commitment to decarbonisation and renewable energy is a testament to its vision of creating a sustainable future. The company's efforts in this direction not only benefit the environment but also contribute towards its business goals by reducing its operational costs and enhancing its brand reputation. As India continues to transition towards a low-carbon economy, Club Mahindra's leadership in this space is a shining example for other companies to follow.

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