The Maharashtra government has signed MoUs worth ₹47,500 crore for renewable energy taking a significant step towards its renewable energy goal of zero carbon emission by 2070.

This development goes with the state’s vision of achieving 50% renewable energy production by 2030, for a greener future. 

During the signing ceremony, Maharashtra Deputy Chief Minister, Energy, and Irrigation Minister, Devendra Fadnavis, highlighted the huge potential of these agreements. He emphasized that the projects under these MoUs would promote clean energy and lead to noticeable job creation, generating 18,828 new employment opportunities in the state. 

These projects are part of Maharashtra’s strategy to reduce its dependence on fossil fuels and take a leading position in India’s renewable energy landscape.

This initiative makes sure more capital and resources are infused into the economy, for infrastructure development and technological advancement in renewable energy. 

Maharashtra is positioning itself to attract further investments and innovations, by encouraging partnerships between public and private sectors.

The Maharashtra government’s step for renewable energy includes significant projects like a 500 MW hybrid power project to be developed through a joint venture, which requires an investment of ₹3,000 crore and is set to create 1,663 jobs.

Additionally, an MoU with THDC India Ltd (THDCIL) will lead to the development of renewable energy projects with a generation capacity of 4,250 MW. This major initiative involves an investment of ₹29,329 crore and is expected to generate 14,130 direct and 4,250 indirect jobs​.

The project will be implemented in two phases given the availability of infrastructure for transmission of power from the site. In all, 100 MW will be developed in the first phase and 405 MW in the second phase. This will involve an investment of ₹3,030 crore and generate 1,400 jobs.