Shree Krishna Paper Mills and Industries will procure power from Ratan Green Projects One’s (RGPOPL) solar project in Rajasthan.

The project, located in Pali district, has an installed solar capacity of 8.5 MW and includes a 1.3 MWh battery energy storage system.

The company will acquire a 26.5% equity stake in RGPOPL and consume power generated from the project on a captive basis under a power purchase agreement.

Delhi-headquartered Shree Krishna Paper Mills will invest up to ₹31 million (~$332,000) in two cash tranches. The first tranche of ₹9.3 million (~$100,000) will be invested within 30 days from the execution of the agreement, while the remaining ₹21.7 million (~$233,000) will be invested 30 days prior to the expected commercial operation date of the solar project.

RGPOPL is a renewable power producer established to develop and operate this project for supplying electricity to captive users on a long-term basis.

According to Shree Krishna Paper Mills, its manufacturing facilities in Rajasthan use energy-efficient machinery, recycle heat, and implement smart production scheduling to lower electricity consumption. These efforts cut costs and reduce carbon emissions.

Many energy-intensive industries are adopting clean energy sources to reduce their electricity costs and make their operations sustainable. Renewable energy options include rooftop solar and open-access models through captive and group-captive arrangements.

Through its ‘C&I Clean Energy Meet’ series, Mercom has been bringing together leading voices from India’s renewable energy sector with businesses seeking cost-effective, dependable clean power solutions, creating a single platform for knowledge exchange and collaboration. The next event will be held in Jodhpur, Rajasthan, on May 15, 2026.

These events see participation from a wide range of stakeholders, including industry experts, consultants, equipment manufacturers, financial institutions, and project operators. Attendees will gain practical insights into procuring reliable, low-cost renewable power, evaluating clean energy technologies, and accessing competitive financing options to support their energy transition efforts.