Karnataka and GAIL Illuminate Green Future with Massive RE Investment

The Karnataka government and GAIL (India) Ltd have signed an MoU to develop 1 GW of renewable energy in the state, with an estimated investment of Rs 5,000 crore. This initiative solidifies Karnataka’s status as a clean energy hub, leveraging solar, wind, and storage solutions.

The Karnataka government and GAIL (India) Ltd have entered into a memorandum of understanding to establish approximately 1 GW of renewable energy in the state. This significant move, announced on Friday, aims to bolster Karnataka's reputation as a leader in clean and sustainable energy investments.

The project is backed by an estimated investment of Rs 5,000 crore and plans to utilize existing land resources efficiently. State Minister M B Patil highlighted the availability of land for acquisition through lease or via KIADB, ensuring swift project approvals and concessions.

GAIL is set to explore a diversified renewable energy portfolio, encompassing solar and wind energy solutions. Energy Minister K J George emphasized the potential for this collaboration to position Karnataka as a green energy hub, promoting employment and infrastructural growth.

(With inputs from agencies.)