Renewable energy firms commit Rs 32.45 trillion investments
POWER & RENEWABLE ENERGY

Renewable energy firms commit Rs 32.45 trillion investments

Renewable energy companies, including power generators and equipment manufacturers, have pledged to invest Rs 32.45 trillion in India to boost the sector's growth. This announcement was made at the ongoing REInvest event, organised by the Ministry of New and Renewable Energy (MNRE) in Gandhinagar, Gujarat. Prime Minister Narendra Modi inaugurated the event, assuring investors of "better guaranteed returns" in the renewable energy industry.

The commitments include installing 569 GW of new capacity at a cost of Rs 50 million per MW, resulting in a total investment of Rs 28.45 trillion. Additionally, equipment manufacturers have committed to establishing 338 GW of solar module capacity, which will require an investment of Rs 680 billion, and 239 GW of solar cell capacity with an investment of Rs 1.55 trillion. (ET)

Renewable energy companies, including power generators and equipment manufacturers, have pledged to invest Rs 32.45 trillion in India to boost the sector's growth. This announcement was made at the ongoing REInvest event, organised by the Ministry of New and Renewable Energy (MNRE) in Gandhinagar, Gujarat. Prime Minister Narendra Modi inaugurated the event, assuring investors of better guaranteed returns in the renewable energy industry. The commitments include installing 569 GW of new capacity at a cost of Rs 50 million per MW, resulting in a total investment of Rs 28.45 trillion. Additionally, equipment manufacturers have committed to establishing 338 GW of solar module capacity, which will require an investment of Rs 680 billion, and 239 GW of solar cell capacity with an investment of Rs 1.55 trillion. (ET)

Next Story
Resources

Mindspace REIT supports infrastructure enhancement at Yerwada Jail

Mindspace Business Parks REIT, owner and developer of a quality Grade A office portfolio located in four key office markets of India, strengthens CSR and Community Impact efforts through support towards infrastructure enhancement at Yerwada Central Jail, Pune. Aimed at addressing necessary infrastructure needs of both the staff and the jail’s 6,500 inmates, this initiative includes support in developing the following:A fully equipped primary health centre for improved medical careDrinking water storage tank with a filtration system, to ensure clean water accessChanging rooms and rest rooms f..

Next Story
Resources

Sustainable construction without compromising on quality

As India continues to experience a surge in infrastructure development, experts are calling for more sustainable practices in construction while emphasising the need for high-quality materials. With an increasing focus on environmental responsibility, the challenge remains to ensure that materials like Thermo-Mechanically Treated (TMT) bars meet both eco-friendly standards and the durability required for long-term infrastructure. The use of recycled steel has become more common in TMT bar production as part of an effort to reduce waste and promote sustainability. However, some manufacturers ha..

Next Story
Building Material

SAIL Chairman Calls for Steel Tariffs

The Chairman of Steel Authority of India Limited (SAIL) has called for the imposition of tariffs on steel imports, citing the need to protect the domestic steel industry from rising competition and price pressures. This recommendation comes amid growing concerns over the impact of cheaper imported steel, particularly from China, which is affecting the profitability and stability of Indian steel producers. The chairman highlighted that the influx of foreign steel has created market imbalances, making it difficult for local manufacturers to compete on both price and volume. India’s steel indus..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000