Tata Power, JLL agree to offer green energy solutions for real estate

Tata Power has inked a Memorandum of Understanding (MoU) with JLL India, to promote green energy solutions in the real estate sector.

As part of the partnership, both businesses will work together to assess potential opportunities to expand Tata Power’s Green Energy offerings across the client portfolios of JLL India, which is present in 11 cities.

Along with JLL India, Tata Power will assist in the conversion of the companies’ current locations in the nation into Green Energy power centres.

Both firms will work together to assess potential opportunities to expand Tata Power’s Green Energy offerings across the client portfolios of JLL India.

In addition to generating 6-7% of India’s GDP and acting as the country’s economic engine, the real estate industry is also responsible for 22% of all emissions in the nation.

The World Economic Forum estimates that the real estate sector consumes 40% of all global energy and 40% of all raw materials, totalling a staggering 3 billion tonnes annually. The buildings created in this way are responsible for 20% of all greenhouse gas emissions worldwide.