Giving a major push to the Uttar Pradesh renewable energy road map, the private sector firms have proposed to invest nearly Rs 19,000 crore in the state green energy sector. According to a senior govt official, the state is aligning with the overarching target of the Centre to achieve 450 gigawatts (Gw) in renewable energy and 500 Gw in non-fossil energy capacity by 2030
These include investment proposals of about Rs 13,000 crore and Rs 5,900 crore by Greenco and JSW Groups, respectively, in different renewable energy projects. It is for the first time that the UP government has received such mega investment proposals in the nascent domestic green energy space.
In the run-up to the mega “UP Global Investor Summit 2023” next year, the Yogi Adityanath government is pulling all stops to woo the private sector companies in an array of sectors, including green energy. The state is targetting to net Rs 10 trillion in fresh investment proposals from domestic and multinational companies (MNC) at the high ticket event in January 2023. Over the last six months, the state has claimed to have received total investment proposals worth Rs 45,000 crore from 55 private sector companies, including MNCs. These include projects in the green energy sector.