Godrej Enterprises announced this week its Energy Solutions business targets a CAGR of over 20% in the next 3-5 years, driven by its growing portfolio of extra high voltage power transmission projects up to 765kV and strategic investments in solar power and green energy infrastructure. The business plans to undertake major power infrastructure projects in Maharashtra, Gujarat, Rajasthan, Haryana, and Madhya Pradesh, which are contributing majority of the RE projects in India. It will not only undertake the installation of solar power plants but also the construction of high-voltage substations, with transmission capacities designed to evacuate more GW scale renewable projects.
In Maharashtra, Godrej Enterprises Group recently commissioned a 25MW AC solar project in Dhule, in partnership with the Maharashtra State Power Generation Co. Ltd (MahaGenco). The business is executing one of the largest greenfield 765/400kV GIS in Maharashtra.
Gujarat targets to achieve 50% renewable energy capacity by 2030, and in line with this goal, Godrej Enterprises is executing 765kV GIS and 400kV GIS substation projects in Khavda. Madhya Pradesh state also aims to generate 50% of its electricity from renewables by 2030, with a focus on solar. Godrej Enterprises has commissioned a 12.5MWp rooftop solar project at a textile facility in Madhya Pradesh, covering over 1 million square feet, making it one of the largest installations in India and the largest in Madhya Pradesh.
Godrej has also commissioned over 5.2 MW of rooftop solar projects for an automobile company in Jaipur, Rajasthan, and multiple rooftop installations exceeding 2 MW for real estate companies and malls in Gurgaon, Haryana. Additionally, it is executing large-scale greenfield 765kV AIS substation projects to evacuate power from renewable energy source from a GW-scale solar park.
The scope of work will encompass the design and construction of solar power plants and the creation of substations up to 765kV to ensure efficient evacuation of renewable energy. The business plans to undertake major power infrastructure projects in the five states mentioned above, which are contributing majority of the RE projects in India. GEG’s Energy Solutions’ business unit will contribute not only to the installation of solar power plants but also to the construction of high-voltage substations, with transmission capacities designed to evacuate more GW scale renewable projects.
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