MoU4 Dec 2024, 06:03 pm
Cyient DLM and Arcedo Systems Sign MoU for 500 kWp Solar Power Plant
AI Summary
Cyient DLM, a leading integrated electronics manufacturing company, has signed a Memorandum of Understanding (MoU) with Arcedo Systems to establish a 500 kWp rooftop solar power plant at Cyient DLM’s Mysore facility. This strategic collaboration reinforces Cyient DLM’s commitment to sustainability and advancing its Environmental, Social, and Governance (ESG) goals. The project will operate under a long-term Power Purchase Agreement (PPA), where Cyient DLM will procure solar power generated at the facility.
Key Highlights
- Cyient DLM and Arcedo Systems sign MoU for a 500 kWp solar power plant at Mysore facility
- Project to operate under a long-term Power Purchase Agreement (PPA)
- Cyient DLM to procure solar power generated at the facility
- MoU aligns with global sustainability goals and reduces carbon footprint
- Partnership fosters innovation and sustainability, contributes to a greener future