Torrent Power commits $5.7 billion green investment in Gujarat
![Torrent Power commits $5.7 billion green investment in Gujarat](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/01/karsten-wurth-w_a40DuyPAc-unsplash.jpg)
Torrent Power Ltd, a leading Indian integrated power utility, has pledged a substantial investment of INR 47,350 crore (approximately $5.7 billion) in Gujarat.
The commitment, outlined in four non-binding MoUs signed during the Vibrant Gujarat Global Summit, encompasses diverse sectors, including 3,450 MW of solar power projects, a 7 GW solar park, a 100 ktpa green hydrogen/ammonia facility, and substantial investments in electricity distribution across key cities in the state.
The strategic move solidifies Torrent Power’s position in India’s power sector and aligns with the nation’s renewable energy and green hydrogen ambitions.
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