In an effort to reduce their excessive dependence on grid power, five companies in Bangalore – Infosys, Cognizant, Coke, Philips and Bangalore International Exhibition Center – have come together to set up an aggregate solar power project.
The project, implemented by World Resources Institute under its Green Power Market Development Group, was launched in January 2013 and received four bids from suppliers . With two finalists now, the project has reached negotiations with individual companies, sources said.
This collaborative solar project took shape after the companies were looking to invest in renewable power but were hesitant to deal with the many variables including power purchase agreements. The project entails the companies to mount roof top solar panels and draw solar power from these for their daily consumption .