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Kundan Green Energy Invests ₹1000 Crore in Renewables Insight

Last Update 07 October 2024

Kundan Green Energy plans a ₹1000 crore investment to expand its Renewable Energy portfolio by 2028, supporting India's goal of 500 GW. CEO Udit Garg highlighted the importance of this expansion for boosting production capabilities and aiding the Green Energy transition. The strategy includes advanced Pumped Storage Systems and advocacy for supportive government policies to enhance efficiency.

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Kundan Green Energy plans a ₹1000 crore investment to expand its renewable energy portfolio to support India’s ambitious target of generating 500 GW of renewable energy by 2028, positioning itself strategically within the country's green energy transition. This investment will not only boost the company’s production capabilities but also enhance the national energy infrastructure, contributing to a more sustainable future and aiding in meeting commitments under the Paris Agreement. The expansion will be achieved through the integration of advanced pumped storage systems in new hydropower projects, which will stabilize the grid and manage the variability of renewable sources. This initiative will also open up opportunities for technological innovation, collaboration with academic institutions, and advocacy for supportive government policies, promoting a cleaner energy landscape in India.

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