Adoption of solar energy can be a game-changer for the pharma sector, however, only proper implementation will bring in the desired results.
The pharmaceutical sector in India is one of the largest producers of generic drugs in the world, however, it also happens to be a major contributor to pollution in and around areas where the facilities are located.
As Raj Prabhu, CEO, Mercom Capital Group informs, “Power costs and unreliable power supply are some of the biggest challenges for industries in India, for pharma. Also, the power consumed today by the industry is mostly from dirty polluting coal.”
Many pharma companies have taken to adopting renewable forms of energy, especially solar to curb pollution and bring in more savings.
And, as the industry wakes up to the role of sustainability in business strategies as well, solar energy has emerged as a good alternative to thermal power resources.
In the pharma sector, all the processes are power intensive. So, it requires uninterrupted and extensive energy flow in the manufacturing units for the production process. Solar energy can provide both. It can be used in various applications such as blending, granulation, milling, coating, tablet pressing, filling, water heating etc. At the same time, it is a power resource which is more cost-efficient and resource-efficient in the long run. Also, installing solar panels has led to the conservation of electricity bills and hence some relief to the balance sheet.
Moreover, it also helps to become a more environment-conscious organisation.
However, there is a need to build consumer awareness about the technology, raise understanding about its economics and its right usage. The pharma sector can garner a lot of benefits provided they understand its utility. Lastly, government subsidies can help pharma companies adopt this green energy and reduce pollution to a significant extent.
Reference: Express Pharma