REInvest: ReNew to invest Rs 31,500 crore in solar power plants, manufacturing facilities
Gandhinagar: Renewable energy major ReNew has committed to invest Rs 31,500 crore in Gujarat in setting up various solar power generation projects and manufacturing facilities.
The company today signed an MoU with the state government detailing the investments at the ongoing REInvest event in Gandhinagar.
As per the MoU, the company will invest Rs 17,500 crore in development of 3000 MW Solar and 630 MW Wind projects in Gujarat for supplying Power to the state.
It will also invest Rs 12,000 crore to set up 6,000 Mw ingot-wafer, 8500 Mw solar cells and 2,400 Mw of solar modules manufacturing facilities.
ReNew will also invest Rs 2,000 crore in a car on finance project involving conservation and plantation of mangroves.