Essar Renewables, part of the Essar Group, has signed a memorandum of understanding (MoU) with the state government of Maharashtra in India to develop 2GW of renewable energy capacity primarily to support the electric vehicle (EV) charging infrastructure.
The estimated Rs80bn ($925m) investment will be channelled into a mix of round-the-clock renewable energy projects.
The projects will bolster the charging ecosystem for EV trucks operated by Blue Energy Motors and Greenline.
The move is in line with Essar Renewables’ strategic objective to exceed 8GW of renewable energy capacity by 2029.
Essar director Prashant Ruia stated: “As we navigate the global energy transition, this partnership with the government of Maharashtra is a critical step in reshaping the future of sustainable energy for green mobility.
“With our investment in renewable energy and green mobility solutions, we are driving the state’s growth while positioning India as a global leader in the green economy.”
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
View profiles in store
Company Profile – free sample
Your download email will arrive shortly
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
Country * UKUSAAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBonaire, Sint Eustatius and SabaBosnia and Herzegovina BotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African Republic ChadChileChinaChristmas IslandCocos IslandsColombiaComorosCongoDemocratic Republic of the CongoCook IslandsCosta RicaCôte d”IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland IslandsFaroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern Territories GabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald Islands Holy SeeHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiNorth KoreaSouth KoreaKuwaitKyrgyzstanLaoLatviaLebanonLesothoLiberiaLibyan Arab Jamahiriya LiechtensteinLithuaniaLuxembourgMacao Macedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesiaMoldovaMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana Islands NorwayOmanPakistanPalauPalestinian TerritoryPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarRéunionRomaniaRussian FederationRwandaSaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Pierre and Miquelon Saint Vincent and The Grenadines SamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and The South Sandwich IslandsSpainSri LankaSudanSurinameSvalbard and Jan Mayen SwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzaniaThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos Islands TuvaluUgandaUkraineUnited Arab EmiratesUS Minor Outlying Islands UruguayUzbekistanVanuatuVenezuelaVietnamBritish Virgin Islands US Virgin IslandsWallis and FutunaWestern SaharaYemenZambiaZimbabweKosovo
Industry *Academia & EducationAerospace, Defense & SecurityAgricultureAsset ManagementAutomotiveBanking & PaymentsChemicalsConstructionConsumerFoodserviceGovernment, trade bodies and NGOsHealth & FitnessHospitals & Healthcare HR, Staffing & RecruitmentInsuranceInvestment BankingLegal ServicesManagement ConsultingMarketing & Advertising Media & PublishingMedical DevicesMiningOil & GasPackagingPharmaceuticalsPower & UtilitiesPrivate EquityReal EstateRetailSportTechnologyTelecomTransportation & LogisticsTravel, Tourism & HospitalityVenture Capital
Tick here to opt out of curated industry news, reports, and event updates from Power Technology.
Submit and download
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
The investment is expected to generate direct employment for 2,000 people, contributing to Maharashtra’s green energy transition and economic growth.
The projects under this agreement are expected to kick off in the fiscal year 2026/27.
In early January 2025, Essar Energy Transition (EET) Hydrogen signed an engineering, procurement and construction contract with ENKA for its flagship low-carbon hydrogen production plant in Ellesmere Port in the UK.
The plant will have a capacity of 350MW and is expected to capture 600,000t of CO₂ annually.
In May 2024, Adani Energy Solutions (AESL) acquired a 100% stake, valued at Rs19bn ($227.5m), in Essar Transco.
The acquisition encompasses a fully functioning 400kV, 673km inter-state transmission line that connects Mahan in Madhya Pradesh to the Sipat pooling substation in Chhattisgarh.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Essar to develop 2GW renewable infrastructure in Maharashtra NY Times News Today.
Read More Details
Finally We wish PressBee provided you with enough information of ( Essar to develop 2GW renewable infrastructure in Maharashtra )
Also on site :