Indian conglomerate Jindal Group plans to invest $2.5B in renewable energy over 5 years, targeting 5 GW power generation through solar, wind, hybrid, and FDRE modes.

BC Jindal Group, an Indian conglomerate with a turnover of over Rs 18,000 crore, plans to invest $2.5 billion into the renewable energy sector over the next five years. The entry is led by Jindal India Renewable Energy (JIRE), aiming to generate 5 GW of power through solar, wind, hybrid, and FDRE modes, while also manufacturing PV cells and modules. The investment supports India's goal of 500 GW renewable energy capacity by 2030.

August 22, 2024
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