Tata Power, JLL India partner to power realty space with green energy

The industry contributes nearly 40% of greenhouse gas emissions.

Tata Power and JLL India have partnered to push for green energy solutions in the realty space. 

Under the memorandum of understanding (MoU), Tata Power will be providing reliable and cost-effective renewable energy through Open Access Solutions. 

It will be installing solar rooftops and provide seamless and consumer-friendly metering and billing solutions.

"We are at a tipping point and, to deliver a net zero economy, adoption of renewable and green energy is the need of the hour,” Radha Dhir, CEO and Country Head, India, JLL, said. 

“While setting or committing to sustainability goals acknowledges the issue's criticality, efforts must be made to convert commitments into tangible results.”

Read more: Tata Power profit rises 90% YoY in Q1 FY23

The MoU seeks to reduce greenhouse gas emissions from the realty space, which currently contributes nearly 40% of emissions.

JLL India has presence in 11 cities, 17 offices, and more than 135 clients across the country. In total, the company manages more than 415 million square feet of space.

Under its 2021 Global Sustainability Report, JLL set a net-zero target for the full abatement of 95% of its carbon footprint by 2040.