Essar Renewables Ltd has announced a significant step in India’s renewable energy journey, signing a Memorandum of Understanding (MoU) with the Maharashtra government to develop 2GW of renewable energy projects. The investment, estimated at ₹8,000 crore, aims to support green mobility initiatives while boosting the state’s renewable energy capacity.

The MoU was signed during the World Economic Forum (WEF) in Davos, highlighting Maharashtra’s growing appeal as a hub for sustainable development. This ambitious project is expected to generate direct employment for over 2,000 individuals, contributing to both economic growth and the state’s transition to green energy.

“This initiative underscores Essar Renewables’ commitment to accelerating India’s green energy transformation and supporting the government’s vision of sustainable development,” the company stated. The proposed projects align with Maharashtra’s broader goals of reducing carbon emissions and fostering clean energy solutions.

Essar Renewables’ investment will play a pivotal role in bolstering India’s renewable energy capacity, with Maharashtra taking a leading role in the country’s journey toward a cleaner and greener future.