Sustainiam announced on Monday that it has collaborated with Brookfield Asset Management to onboard a portfolio of 400 MW of renewable energy assets aimed at generating carbon credits. A carbon credit is earned by organizations that reduce their carbon emissions. The market for these credits is expanding globally.
“We have registered 400 MW of renewable assets from Brookfield Asset Management for the issuance and trading of International Renewable Energy Certificates (I-REC) or carbon credits,” stated Sapna Nijhawan, Founder and CEO of Sustainiam.
This portfolio includes 50 projects, mainly comprising wind energy facilities located in states such as Gujarat, Tamil Nadu, Karnataka, and Rajasthan. The agreement spans five years, according to Nijhawan in a phone interview.
Under the terms of the contract, Sustainiam will assess the green and clean energy practices of these assets and generate corresponding carbon credits. The company will also assist Brookfield in trading these credits through its proprietary exchange.
Nijhawan highlighted the significant growth potential of the carbon credit market in India, noting that the government is implementing various initiatives to achieve net-zero emissions. She emphasized that many businesses are actively pursuing similar objectives, and the volume of carbon credits generated reflects the sustainability efforts of industrial groups.
Sustainiam offers businesses intuitive software solutions to monitor carbon emissions and manage carbon credits, facilitating their journey toward achieving sustainability targets. Sustainiam is an emerging company focused on providing innovative solutions for sustainable living and environmental protection.
The company works in sectors such as renewable energy, waste management, and eco-friendly technologies, aiming to help businesses and communities reduce their carbon footprint. Sustainiam promotes the use of clean energy, encourages the adoption of green practices, and develops products that align with global sustainability goals. Its mission is to drive the transition towards a more sustainable future by offering technologies and services that support resource efficiency, circular economy principles, and overall environmental well-being.