Engie, a low-carbon energy generation company, has committed an investment of INR 17,200 crore (over $2 billion) for decarbonization and renewable energy projects in Gujarat. The company has signed a memorandum of understanding with the government of Gujarat for collaborative efforts in these initiatives, marking a significant contribution to Gujarat’s clean energy transition plans.
As part of the MoU, Engie has committed to greenfield development of 2.5 GW of renewable energy projects across various locations in Gujarat by 2030, in addition to its ongoing development of a 400 MW solar project in Surendernagar.
The partnership extends beyond renewables, encompassing collaborative efforts in decarbonization initiatives, risk management capacity building for gas/LNG trading, and exploring the potential centralization of Engie’s treasury activities in India at GIFT City (Gujarat International Finance Tec-City).
Amit Jain, country manager of Engie India, said, “This strategic cooperation connotes our firm dedication to advancing sustainable energy solutions. Through this cooperation with the Government of Gujarat, our goal is to play a significant role in advancing the state’s renewable energy sector and thereby making substantial contributions to India’s overarching clean energy objectives.”
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