Maharashtra inks Rs 35k cr MoU with JSW for RE sector
16 Sep 2021
2 Min Read
CW Team
On Tuesday, the Maha Vikas Aghadi government received a significant boost in its ongoing plan to expand the renewable energy capacity in Maharashtra.
The JSW Group has partnered with the state government with Rs 35,500 crore investment in the renewable energy sector.
JSW Energy Ltd, the power business arm of JSW Group with 4559 MW of operational thermal, hydro and solar power capacity, aims to establish a 1,500 MW hydro-based power project in Nashik district and 5,000 MW wind power projects across 1870 hectares at Solapur, Kolhapur, Osmanabad and Satara districts. The firm expects to commence production in 18 months.
As per the state industries department, the hydropower project will include Kalbhonde, Jammde, Kothale villages near Igatpuri in Nashik district.
Subhash Desai, Industries Minister, promised that handholding and regulatory support needed for greening energy for a sustainable future, for its residence. The Government of Maharashtra is undertaking steps towards developing a sustainable environment with goals to decrease the grip of carbon footprint and control global warming.
Maharashtra supports Renewable Energy as a sector, drawing multiple powerhouses to intensify the state鈥檚 sustainable energy capacity. This huge investment inflow will account for a significant rise in renewable energy sources within Maharashtra. While creating employment for more than 10000 people, these projects will also draw socio-economic development of the area by encouraging skill development, eco-tourism and service sector.
Desai told the media that Maharashtra has emerged as a forerunner for business continuity programs with its ready-built industrial infrastructure, sector-specific build-to-suit offerings and highest FDI inflows. Maharashtra has consistently guaranteed strong performance across multiple investment parameters, even during and post lockdown under Magnetic Maharashtra 2.0 Maharashtra inked MoUs worth Rs 1,65,439 crore.
Also read: India and US to expand energy partnership through emerging fuels
On Tuesday, the Maha Vikas Aghadi government received a significant boost in its ongoing plan to expand the renewable energy capacity in Maharashtra.
The JSW Group has partnered with the state government with Rs 35,500 crore investment in the renewable energy sector.
JSW Energy Ltd, the power business arm of JSW Group with 4559 MW of operational thermal, hydro and solar power capacity, aims to establish a 1,500 MW hydro-based power project in Nashik district and 5,000 MW wind power projects across 1870 hectares at Solapur, Kolhapur, Osmanabad and Satara districts. The firm expects to commence production in 18 months.
As per the state industries department, the hydropower project will include Kalbhonde, Jammde, Kothale villages near Igatpuri in Nashik district.
Subhash Desai, Industries Minister, promised that handholding and regulatory support needed for greening energy for a sustainable future, for its residence. The Government of Maharashtra is undertaking steps towards developing a sustainable environment with goals to decrease the grip of carbon footprint and control global warming.
Maharashtra supports Renewable Energy as a sector, drawing multiple powerhouses to intensify the state鈥檚 sustainable energy capacity. This huge investment inflow will account for a significant rise in renewable energy sources within Maharashtra. While creating employment for more than 10000 people, these projects will also draw socio-economic development of the area by encouraging skill development, eco-tourism and service sector.
Desai told the media that Maharashtra has emerged as a forerunner for business continuity programs with its ready-built industrial infrastructure, sector-specific build-to-suit offerings and highest FDI inflows. Maharashtra has consistently guaranteed strong performance across multiple investment parameters, even during and post lockdown under Magnetic Maharashtra 2.0 Maharashtra inked MoUs worth Rs 1,65,439 crore.
Image Source
Also read: India and US to expand energy partnership through emerging fuels
Next Story
Viva ACP Secures EPD Certification for Sustainable Cladding
Viva, Asia鈥檚 largest manufacturer of aluminium composite panels (ACP), has announced the successful release of its Environmental Product Declaration (EPD) under the International EPD庐 System. This milestone affirms Viva鈥檚 commitment to sustainability, transparent environmental reporting, and eco-conscious manufacturing. The certification covers Fire-Retardant (FR) Class A2, FR Class B1, and Non-FR ACPs, assessing the environmental performance of 1m虏 of Viva ACP (4mm thick) throughout its lifecycle鈥攆rom raw material extraction to end-of-life recycling. The EPD reveals that up to 95..
Next Story
StarBigBloc Gets Shareholders鈥� Nod for IPO to Fund Expansion
StarBigBloc Building Material, a wholly owned subsidiary of BigBloc Construction Ltd (BSE: 540061), has received shareholder approval to raise funds through an Initial Public Offering (IPO). The move is aimed at unlocking shareholder value, securing growth capital, and potentially enhancing the overall valuation of BigBloc Construction. The IPO proposal was approved during the company鈥檚 Extraordinary General Meeting (EGM) held on 13th June 2025. The process remains subject to regulatory approvals, market conditions, and other applicable clearances. 鈥淭his is a significant mileston..
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
