Released February 11, 2025 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Karnataka, a state in southern India, has set an ambitious target to add 20 gigawatts (GW) of renewable energy capacity over the next five years. The Karnataka Electricity Regulatory Commission (KERC) (Bangalore) has proposed that 43.33% of the state's total energy consumption come from renewable sources by 2029-2030.
Hero Future Energies (New Delhi) has signed a Memorandum of Understanding (MoU) with the Karnataka government to invest INR 11,000 crore (approximately US$1.3 billion) in renewable energy, green hydrogen, and related projects, with implementation set to begin between 2025 and 2026.
Karnataka's push for renewables presents lucrative investment opportunities for global stakeholders. With clear policies, a strong market and government support, the state is becoming a key destination for clean energy investment and innovation.
Industrial info is tracking 1,185 capital-spending wind and solar projects in India, worth US$342 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a full list of project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
Hero Future Energies (New Delhi) has signed a Memorandum of Understanding (MoU) with the Karnataka government to invest INR 11,000 crore (approximately US$1.3 billion) in renewable energy, green hydrogen, and related projects, with implementation set to begin between 2025 and 2026.
Karnataka's push for renewables presents lucrative investment opportunities for global stakeholders. With clear policies, a strong market and government support, the state is becoming a key destination for clean energy investment and innovation.
Industrial info is tracking 1,185 capital-spending wind and solar projects in India, worth US$342 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a full list of project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
