Essar Renewables Ltd (ERL), Essar’s venture into the green energy sector, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop 2 GW of renewable energy capacity for its green mobility initiative.
Under the terms of the agreement, Essar Renewables will invest approximately INR 8,000 crore in a mix of round-the-clock renewable energy projects, primarily aimed at supporting the electric vehicle truck charging ecosystem of Blue Energy Motors and Greenline (which are part of Essar’s green mobility venture).
This investment is expected to generate direct employment for over 2,000 individuals.
The proposed projects are slated to commence in the fiscal year 2026-27.
Essar Renewables develops solar, wind, and battery energy storage projects and aims to surpass 8 GW of renewable capacity within five years.
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