Essar Renewables, a subsidiary of the Indian Essar Group, has signed a memorandum of understanding (MoU) with the state government of Maharashtra in India to develop 2 GW of renewable energy capacity. The estimated INR80bn ($925m) investment will be channelled into a mix of round-the-clock renewable energy projects to bolster the charging ecosystem for EV trucks operated by Blue Energy Motors and Greenline. The projects under this agreement are scheduled to kick off in the fiscal year 2026-2027.
Essar Renewables specialises in solar, wind, and battery energy storage systems in India, and aims at surpassing 8 GW of renewable capacity by 2029.
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