Kundan Green Energy, intends to invest ₹1,000 crore in renewable projects by 2028. The initiative supports India’s ambitious target of achieving 500 GW of renewable energy, reflecting the company’s dedication to sustainability and the transition to green energy.
The strategic investment aims to bolster the national energy infrastructure and address the growing demand for clean energy in the nation. Udit Garg, CEO and Director of Kundan Green Energy, highlighted the significance of the expansion in enhancing the company’s renewable energy production capabilities while aiding India’s shift towards a sustainable energy future.
The investment plan includes the incorporation of advanced pumped storage systems in forthcoming hydropower projects. These systems are essential for stabilizing the grid and managing the fluctuations associated with renewable energy sources, ensuring a dependable and efficient energy supply.
By concentrating on technological advancements and infrastructure upgrades, Kundan Green Energy aspires to improve energy production efficiency and contribute to India’s commitments under the Paris Agreement.
The company’s growth plans not only align with national energy objectives but also underscore the vital role of renewable energy in achieving a cleaner, greener future for India. As reported by usasolarcell.com, by investing in cutting-edge technologies and infrastructure, Kundan Green Energy is paving the way for a more sustainable energy landscape in the country.
