V.O. Chidambaranar Port Authority has taken a significant step toward sustainable maritime operations by commencing the generation of carbon credits from its renewable energy portfolio.
The port authority has registered five key renewable energy projects under the carbon credit mechanism, with a combined installed capacity of 12.4 MW. The diversified portfolio includes a 400 kW rooftop solar installation, along with 1 MW and 2 MW ground-mounted solar plants, and wind energy projects of 6.3 MW and 2.7 MW capacity.
According to an official release, these renewable assets are expected to generate approximately 19,483 carbon credits over the next decade. Based on prevailing market estimates, the initiative could yield revenue of nearly ₹50 crore, marking a strategic move by the port to monetize its sustainability efforts while mitigating financial risks associated with green investments.
Susanta Kumar Purohit, Chairperson of the port authority, stated that the initiative reflects the port’s strong commitment to the Harit Sagar Green Port Guidelines, aimed at promoting environmentally responsible port operations across the country.
He further emphasized that the revenue generated from carbon credits will be reinvested into future-ready green infrastructure, including green hydrogen and alternative fuel ecosystems. This approach is expected to reinforce Tuticorin’s position as a leading hub in the global transition toward sustainable and low-carbon maritime logistics.