Kundan Green Energy to invest Rs 10 billion in renewable projects by 2028

08 Oct 2024 CW Team

Kundan Green Energy has committed to a significant investment of Rs 10 billion to expand its renewable energy portfolio by 2028, aligning with India's ambitious goal of generating 500 GW of renewable energy. The company plans to invest between Rs 130 million and Rs 150 million per megawatt in new projects, aiming to enhance the national energy infrastructure to meet future demands.

The strategic importance of the expansion for the company's growth and its contribution to India's green energy transition. He stated that the expansion is vital for increasing renewable energy production capabilities and will play a significant role in aiding India's shift towards a sustainable energy future.

The expansion strategy will include the integration of advanced pumped storage systems in upcoming hydropower projects, which are essential for stabilising the grid and managing the variability of renewable energy. By prioritizing technological advancements and infrastructure improvements, Kundan Green Energy aims to enhance energy production efficiency and support India's commitments under the Paris Agreement. Additionally, the company is actively advocating for favourable government policies and incentives to support the hydropower sector while seeking to foster innovation through collaborations with academic and research institutions.

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