In a first of its kind of initiative, leading corporate entities have come together and aggregated their demand for green energy. A consortium comprising nine companies across sectors like information technology (IT), manufacturing and retail, among others, have joined hands for group buying of renewable energy like that from wind, solar and biomass.

The first meeting of this newly formed association and its various partners including banks is scheduled for Wednesday when the modalities of the tender and terms of contract would be discussed after deciding the total energy requirement of the consortium. Rohan Parikh, head of green initiatives at Infosys, which is a key partner of the consortium, pegs the requirement to be around 500-600 million units.