Essar Renewables has entered into an agreement with the Maharashtra government to invest Rs 8,000 crore in the development of 2GW of renewable energy capacity. This investment, expected to generate direct employment for over 2,000 individuals, will focus on developing 2 GW of renewable energy capacity to power Essar’s green mobility initiative.
The initiative is primarily targeted at supporting the electric vehicle (EV) truck charging ecosystem of Blue Energy Motors and Greenline. A Memorandum of Understanding (MoU) to formalize this collaboration was signed with the Maharashtra government during the World Economic Forum (WEF) in Davos.
The renewable energy projects, encompassing round-the-clock solar, wind, and battery energy storage systems, are slated to begin operations in the fiscal year 2026-27. Commenting on the development, Essar Renewables CEO Ankur Kumar described the collaboration as a crucial milestone in the company’s renewable energy journey, underscoring its ambition to become a formidable player in the sector. Prashant Ruia, Director of Essar, emphasized the strategic importance of this partnership, noting that it not only supports India’s green energy transition but also positions the nation as a global leader in sustainable economic growth.
This initiative aligns with Essar Renewables’ larger vision of surpassing 8 GW of renewable energy capacity within the next five years. By leveraging advanced technology and innovative energy solutions, the company continues to lead India’s efforts in the renewable energy domain, cementing its expertise in solar, wind, and battery energy storage systems. Essar Renewables’ commitment to driving green mobility and clean energy infrastructure reaffirms its role in shaping a sustainable future for India and the world.
Essar Renewables is a forward-thinking company dedicated to advancing India’s green energy transition through innovative renewable energy solutions. Specializing in solar, wind, and battery energy storage systems, the company is focused on creating sustainable energy ecosystems to power the future.
With ambitious plans to surpass 8 GW of renewable energy capacity in the coming years, Essar Renewables is at the forefront of driving economic growth and reducing carbon footprints. The company’s investments in cutting-edge technologies and strategic partnerships aim to strengthen the green mobility sector, including electric vehicle charging infrastructure, while contributing to India’s energy security and sustainable development goals.
