Paschim Renewables to Invest ₹150 Crore in 30 MW Solar Project in Karnataka – EQ
In Short : Paschim Renewables will invest ₹150 crore in a 30 MW solar project in Karnataka, expected to generate 45 million units of electricity annually. The project will help reduce carbon emissions and support sustainable development in the region. Set to be completed in 12 months, it aligns with Karnataka’s renewable energy goals and Paschim Renewables’ commitment to expanding clean energy.
In Detail : Paschim Renewables has announced plans to invest ₹150 crore in a 30 MW solar project in Karnataka. This significant investment aligns with the company’s ongoing efforts to expand its clean energy portfolio and support India’s renewable energy targets. The project will help bolster the state’s renewable energy capacity, contributing to the country’s goal of a sustainable energy future.
The 30 MW solar project is expected to generate approximately 45 million units of electricity annually. This increase in energy output will significantly contribute to reducing carbon emissions in the region. The initiative will also provide much-needed clean electricity to thousands of households, furthering India’s transition to sustainable energy solutions.
Paschim Renewables aims to complete the project within the next 12 months. This fast-paced timeline highlights the company’s commitment to developing renewable energy projects quickly and efficiently. The completion of the solar installation will help Karnataka meet its renewable energy objectives and contribute to the region’s energy security.
The project is in line with the Karnataka government’s proactive approach to promoting renewable energy. The state has been offering incentives and support to renewable energy projects, making it an attractive location for such investments. Paschim Renewables’ project reflects the state’s efforts to increase renewable energy capacity and reduce dependence on fossil fuels.
Paschim Renewables has a strong track record in the renewable energy sector, with previous projects involving hydroelectric and rooftop solar installations. This new solar initiative further demonstrates the company’s dedication to expanding its clean energy footprint and contributing to India’s clean energy goals. The company is also exploring other opportunities to grow its renewable energy portfolio across the country.
Upon its completion, the 30 MW solar project will provide sustainable energy to thousands of homes and businesses in Karnataka. Paschim Renewables remains committed to its mission of delivering environmentally responsible and economically viable renewable energy solutions, reinforcing its role in advancing India’s energy transition toward a greener, more sustainable future.
