Maharashtra invests Rs 2,76,300 crore in green hydrogen initiatives

Maharashtra emerges as a frontrunner in the realm of green energy, as the state recently sealed monumental Memoranda of Understanding (MoUs) with seven leading companies for Green Hydrogen projects, amounting to a staggering ₹2,76,300 crore in total investments. This strategic move is set to revolutionize the state’s energy landscape, fostering the creation of an impressive 910 Kilo Tonnes Per Annum (KTPA) of green energy, accompanied by the generation of approximately 63,900 employment opportunities.

The key players in this groundbreaking initiative include NTPC Green Energy Ltd., committing a substantial ₹80,000 crore with the promise of generating 12,000 jobs. JSW Energy Ltd. follows suit with a noteworthy investment of ₹15,000 crore, anticipating the creation of 11,000 employment opportunities. AVAADA Green Hydrogen Pvt. Ltd. and Bafna Solar & Infra. Pvt. Ltd. have jointly pledged ₹50,000 crore, projecting 8,900 jobs.

ReNew eFuels Pvt. Ltd. is set to make a significant impact with a colossal investment of ₹66,400 crore, contributing to a substantial 27,000 jobs. Welspun Godavari GH2 Pvt. Ltd. is poised to invest ₹29,900 crore, foreseeing the generation of 12,200 jobs. INOX Air Products Pvt. Ltd. and L&T Green Energy Tech Ltd. are also active participants, committing ₹25,000 crore and ₹10,000 crore, respectively, with the potential to create 300 and 1,000 jobs, respectively.

This collective endeavor underscores Maharashtra’s commitment to fostering sustainable energy practices, positioning the state as a leader in the nation’s green energy transition. The ambitious projects are anticipated to not only bolster the renewable energy sector but also significantly contribute to the economic prosperity of the region.