Maharashtra to generate 17,385 MW from solar projects in five years

28 May 2021 CW Team

Energy minister Nitin Raut told the media that Mumbai will now totally focus on renewable energies and should produce 17,385 MW from solar projects within five years.

The ministry recently announced that there will be no further thermal generation units in Maharashtra.

Raut said that Maharashtra is expected to have 25,000 MW of potential from solar projects, although the energy department has established the new Renewable Energy Policy (REP) to produce 17,385 MW over the next five years. The REP will also draw investment of Rs 75,000 in the energy sector and other relevant industries.

Additionally, the Maharashtra Electricity Regulatory Commission (MERC) has fixed a target for the state to meet 25% of its needs from renewable sources across the following five years. As a result, the government has chosen to solely promote renewable energy.

Further, Raut said that solar power will be much cheaper than thermal power, which will benefit industry and agriculture across the state. 30% of the electricity is to be produced only by solar energy by 2030.

The energy department said that the new REP intends to render agricultural pumps with electricity during the day at cheaper costs. A total of 5 lakh solar farm pumps will be introduced in the state across the following five years. Approximately 10,000 households in remote regions will receive solar energy. As per the sources, electricity needs are down 33% during the pandemic and several thermal units have been idle. There is currently an immense gap between supply and demand.

Image Source

Also read: Maharashtra discom opens tender for 500 MW wind-solar hybrid projects

Also read: Maharashtra to spend Rs 25 bn on Mahavitaran power infra

Building Material

03 Dec 2025

Cement Makers Positive on H2 Demand Outlook

The leading cement producers have posted high single-digit volume growth and better sales realisation in the July–September quarter, setting a positive tone for the second half of FY26. Companies are upbeat on demand prospects, supported by a strong housing sector and continued government spending on major infrastructure projects. UltraTech, Ambuja Cement, Shree Cement, Dalmia Bharat and Nuvoco Vistas recorded revenue growth of up to 18 per cent in the September quarter. The rise was driven by firm realisations, softer input costs and an increased share of premium products. With coal price..

Noida Office Rentals Rise 18% in Six Years, Prime Districts up 29%: C&W

Noida’s office market has recorded an 18 per cent rise in average rentals over the past six years, underscoring the city’s growing appeal as a corporate hub, according to a new report by Cushman & Wakefield.In its study, Noida – Runway for Growth, the consultant noted that prime locations such as Sector 16 and Film City logged a sharper 29 per cent jump in rents, reflecting sustained demand and improving business infrastructure. As of September 2025, Noida’s office stock stands at 43.4 million sq ft, including 26.6 million sq ft of Grade A+ space.The report shows average rentals no..

Mount K Kapital Launches Rs 40-Bn Second Fund for Pan-India Real Estate Bets

Mount K Kapital, the realty-focused investment platform backed by the Rustomjee Group, has raised its second real estate fund of about Rs 40 billion, marking a major scale-up in its investment strategy.Binita Dalal, founder and managing partner, said the fund will finance 10–15 projects currently being identified across the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune. The vehicle—supported by strong but undisclosed general and limited partners—will step in at the acquisition stage and continue funding through the development cycle in partnership with developers.Dalal ..