In an attempt to strengthen its green energy portfolio, Larsen & Toubro (L&T) announced plans to invest about $2.5 billion in their green energy projects in the coming 3-4 years. The official statement released by the company reveals that they are planning to manufacture and supply components to offshore wind farms.
Subramanian Sarma, senior executive vice-president (energy) at L&T, highlighted that the company aims to contribute to the global clean energy targets and will expand its green hydrogen, solar, and wind projects. The new decision is aligned with the company’s five-year climate action target, Lakshya. L&T aims to reduce its carbon emissions by 300 tonnes annually by 2026.
Subramanian further added that this project would focus on manufacturing and supplying wind farm components such as the towers. “We will not be venturing into making windmill blades, which original equipment manufacturers are doing,” he said.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
