Maharashtra’s ambitious target to implement 17,000 MW of renewable power projects in the next 5 years is expected to bring in newer opportunities and drive the demand for wires and cables.
January 29, 2021
Addressing an interactive session with the CEOs of renewable energy and power companies organized by FICCI, Maharashtra’s Power and New & Renewable Energy Minister Mr. Nitin Raut said that the new renewable energy policy aims to implement 17,000 MW of renewable power projects in the next 5 years and will attract INR 75000 crore investments.
He also mentioned that the new policy aims to promote public and private sector participation and will attract an investment of Rs 75,000 crore in power and allied sectors. It is expected to create direct and indirect employment for one lakh people, along with giving priority to hybrid power projects.
As reported in PTI, the Maharashtra Govt. is committed to achieving 40 percent electricity generation from renewable energy sources by 2030.
Also Read: Adani Green Hits New High on Bagging World’s Largest Solar Bid Worth USD 6 Billion.
Maharashtra has been leading in terms of renewable energy deployment with push on electric mobility where RE deployment will have greater potential in future. The industrial and commercial segments with strong base in Maharashtra will have great potential for off take of RE.
