Tata Energy indicators ₹70,000 cr MoU at Vibrant Gujarat summit

Tata Energy Renewable Vitality Ltd has signed a ₹70,000 crore Memorandum of Understanding (MoU) with the Gujarat authorities on Thursday for organising 10,000 MW of hybrid renewable power initiatives within the State. That is the most important MoU signed by a personal entity within the renewable power sector through the second day of 10^th Vibrant Gujarat summit.

The initiatives shall be arrange at Dholera in Ahmedabad, Khavda in Kutch and Banaskantha. The proposed investments for photo voltaic, wind and different hybrid initiatives are unfold over a interval of 5 years ranging from 2024-25. The initiatives promise to generate employment for 3,000 individuals, official sources informed businessline. This proposed funding by Tata Energy Renewable Vitality is a part of the ₹1.5-lakh crore price of MoUs for the renewable sector on Thursday.

The Photo voltaic Vitality Company of India (SECI) has additionally signed two MoUs with Gujarat Urja Vikas Nigam Ltd (GUVNL) for 500 MW of energy based mostly on Photo voltaic Thermal Know-how in Kutch and a further 700 MW of Photo voltaic PV Mission in Banaskantha district.

Serentica Renewables India Pvt Ltd proposed to speculate ₹35,000 crore in organising 6,000 MW of hybrid renewable initiatives at a number of areas together with Jam Khambhaliya, Khavda, Bhuj and Banaskantha. The Gujarat State Electrical energy Company Ltd has signed a ₹20,000 crore MOU for growing 6,675 MW of photo voltaic initiatives at a number of areas within the state between 2025 and 2027. Equally, Solairdirect Vitality India Pvt Ltd has signed a ₹17,200 crore settlement to develop a 2.3 GW renewable power challenge.

Aside from these corporations, Opera Vitality Pvt Ltd has signed an MoU for organising ₹5000 cr price of renewable power initiatives, whereas Grew Vitality Pvt Ltd has signed an MoU for ₹3800 crore price initiatives at Dholera. All these initiatives are anticipated to be commissioned by 2026.