Renewable Energy

Renewable Energy division was set up in 1999, as Savita realized the need to invest in clean energy sources. Renewable Energy sources are secure, inexhaustible and sustainable forms of energy that are carbon free and thus environmentally friendly.

Savita set up its first wind farm at Vankusawade, Satara, which consisted of three 350 KW windmills. Today the Company has a total installed wind energy generation capacity of over 54.15 MW at 18 sites located in the states of Maharashtra, Tamil Nadu and Karnataka. The Company is the only Carbon-Positive Petroleum Specialty Company in Asia.

Savita has registered 22.70 MW Wind Power Projects with The United Nations Framework Convention on Climate Change (UNFCCC) under Clean Development Mechanism, which entitles the Company to get carbon credit revenues for a period of 10 years. Savita has also registered 32.65 MW Wind Power Projects with NYSE APX VCS Registry under Verified Carbon Standard (VCS) which is a greenhouse gas accounting program to verify and issue carbon credits in voluntary markets.