Teejay Lanka switches to solar and biomass to cut factory emissions 42% by 2030 | carboncredit.io

Sri Lankan textile manufacturer Teejay Lanka is investing over USD 5 million in rooftop solar and certified biomass boilers to cut facility greenhouse gas emissions 42% by 2030 against a 2022 baseline. The solar project covers 7.2 MW across factory roofs but faces a 10 to 11 year payback due to low sunlight in the region. The biomass switch replaces imported coal with locally sourced, certified fuel, expected to cut fuel costs 25 to 30% and reduce facility emissions 49%. Both projects are part of Teejay's Abhivarah 2030 strategy and are SBTi validated. The company acknowledges that Scope 3 value chain emissions remain a harder challenge. Its progress so far sits at 4.5% against the base year, with most reductions coming once both projects are fully operational by September 2026. The article is worth reading because it shows a real manufacturer making concrete investments with clear numbers, timelines, and tradeoffs, rather than vague sustainability pledges.