GUvNL's 500 MW Solar Projects Greenshoe

09 Nov 2023 CW Team

GUvNL, the Government Utility of Gujarat, has announced its ambitious plan to develop 500 MW of solar projects as part of a new greenshoe initiative.

The project aims to harness renewable energy sources and promote sustainability within the state. GUvNL plans to construct solar power projects throughout Gujarat, utilizing advanced technologies to maximize solar energy production.

With these projects, GUvNL aims to tackle the increasing demand for energy in the state. By investing in renewable energy sources like solar power, the utility can effectively reduce dependency on conventional energy and minimize environmental impact.

This initiative aligns with the government's aims to increase the share of renewable energy in the overall energy mix and reduce carbon emissions. Gujarat has already made significant strides in the field of renewable energy, and this new project further strengthens its position as a leader in the sector.

The 500 MW solar projects are expected to attract significant interest from developers and investors. GUvNL plans to allocate the projects through competitive bidding, ensuring a transparent and efficient selection process.

By utilizing the greenshoe option, GUvNL can effectively raise funds for the projects. The greenshoe provision allows the issue manager to sell additional shares beyond the initial offering. This additional capital will help finance the solar projects, making them economically viable and ensuring their successful implementation.

Moreover, this initiative is likely to provide employment opportunities in the region, stimulating economic growth. The construction and operation of solar projects will require a skilled workforce, fostering job creation and contributing to the local economy.

The development of solar projects in Gujarat will not only help meet the state's energy demands but also contribute to India's overall renewable energy goals. As the country aims to increase its solar power capacity, initiatives like GUvNL's 500 MW solar projects play a crucial role in achieving these targets.

In conclusion, GUvNL's new greenshoe initiative for developing 500 MW solar projects in Gujarat is a significant step towards promoting renewable energy and sustainability. This project will not only address the demand for energy in the state but also contribute to India's renewable energy goals. This endeavor is expected to attract interest from developers and investors, while also providing employment opportunities and fostering economic growth in the region.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

GUvNL, the Government Utility of Gujarat, has announced its ambitious plan to develop 500 MW of solar projects as part of a new greenshoe initiative. The project aims to harness renewable energy sources and promote sustainability within the state. GUvNL plans to construct solar power projects throughout Gujarat, utilizing advanced technologies to maximize solar energy production. With these projects, GUvNL aims to tackle the increasing demand for energy in the state. By investing in renewable energy sources like solar power, the utility can effectively reduce dependency on conventional energy and minimize environmental impact. This initiative aligns with the government's aims to increase the share of renewable energy in the overall energy mix and reduce carbon emissions. Gujarat has already made significant strides in the field of renewable energy, and this new project further strengthens its position as a leader in the sector. The 500 MW solar projects are expected to attract significant interest from developers and investors. GUvNL plans to allocate the projects through competitive bidding, ensuring a transparent and efficient selection process. By utilizing the greenshoe option, GUvNL can effectively raise funds for the projects. The greenshoe provision allows the issue manager to sell additional shares beyond the initial offering. This additional capital will help finance the solar projects, making them economically viable and ensuring their successful implementation. Moreover, this initiative is likely to provide employment opportunities in the region, stimulating economic growth. The construction and operation of solar projects will require a skilled workforce, fostering job creation and contributing to the local economy. The development of solar projects in Gujarat will not only help meet the state's energy demands but also contribute to India's overall renewable energy goals. As the country aims to increase its solar power capacity, initiatives like GUvNL's 500 MW solar projects play a crucial role in achieving these targets. In conclusion, GUvNL's new greenshoe initiative for developing 500 MW solar projects in Gujarat is a significant step towards promoting renewable energy and sustainability. This project will not only address the demand for energy in the state but also contribute to India's renewable energy goals. This endeavor is expected to attract interest from developers and investors, while also providing employment opportunities and fostering economic growth in the region.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..