Maharashtra signs ₹50k-cr MoU for renewable energy

The Maharashtra energy department signed an MoU of Rs 50,000 crore at Davos for investments in renewable energy in the state for the next six to seven years.

It was signed in the presence of Maharashtra tourism and environment minister Aaditya Thackeray in Davos, where he is attending the World Economic Forum along with state industries minister Subhash Desai and energy minister Nitin Raut. MSEDCL managing director Vijay Singhal, who signed the MoU, said that this was one of the biggest investments for the state in the energy sector. He further said that the MoU has been signed for renewable energy generation in the state through solar and wind. Sources said that the state is all set to go green by switching to a target of 17,360 MW from solar projects in five years.

Sources said that various other MoUs were being signed at Davos for investments to be made in Maharashtra in different districts. A MSEDCL official said, “This will create 30,000 employment. The investment will also be done in renewable energy projects. ”

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