Madhya Pradesh's Renewable Energy Ambitions: Investments and Projects Galore
Key Ideas
- Chief Minister Yadav announced plans to increase renewable energy production to over 20,000 megawatts and set a target for 50% of total energy from renewables by 2030.
- Avaada Group proposed a Rs 5,000 crore investment in Madhya Pradesh, focusing on various sustainable energy projects including green hydrogen and sustainable aviation fuel.
- Various companies like Torrent Power and Sembcorp Group expressed interest in investing in wind parks, pump hydro storage projects, and solar projects in the state.
- Madhya Pradesh has seen a significant increase in renewable energy capacity from 500 megawatts in 2012 to 7,000 megawatts currently, with plans for further expansion.
Chief Minister Yadav of Madhya Pradesh revealed ambitious plans to significantly increase the state's renewable energy production during the Renewable Energy Investors Meet in Gandhinagar. Avaada Group proposed a substantial investment in the state, targeting projects such as green hydrogen and sustainable aviation fuel. Other companies expressed interest in developing wind parks, pump hydro storage projects, and solar projects. The state has witnessed remarkable growth in renewable energy capacity over the years, with plans to reach 20,000 megawatts and have 50% of total energy from renewables by 2030. The Chief Minister highlighted that Madhya Pradesh's Rewa Solar Plant project has gained international recognition, even becoming a case study at Harvard University, showcasing the state's dedication to sustainable energy practices and its electricity surplus that benefits regions like providing power to the Delhi Metro.