RMC Green Energy Secures Approval for 50 MW Renewable Energy Park in Rajasthan
RMC is actively pursuing additional tenders exceeding 600 MWp and is engaging with both public and private sector entities to achieve the goal of securing 1 GWp in EPC contracts over the next 18 months.
August 22, 2024. By Abha Rustagi
This milestone further cements the parent company's entry into the Solar Park business, operating as a renewable Independent Power Producer (IPP). RMC is actively pursuing additional tenders exceeding 600 MWp and is engaging with both public and private sector entities to achieve the goal of securing 1 GWp in EPC contracts over the next 18 months. By collaborating with installation and commissioning experts across multiple states and leveraging their in-house team of skilled designers and supervisors, RMC is positioning itself at the forefront of the green energy revolution.
This strategic initiative not only reinforces RMC Switchgears Limited's role in advancing renewable energy but also contributes significantly to India's climate action commitments under the Paris Agreement. With a dedicated business development unit continuously seeking new opportunities, RMC's efforts in the renewable sector are aligned with India's goal of achieving 450 GW of renewable energy capacity by 2030.
Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears said, "This approval marks a pivotal step in our journey as we transition into a renewable energy company, with solar plants as IPPs and EPC contracts for solar as our primary focus. Establishing its first 50 MW Renewable Energy Park is a testament to our commitment to participating in the strategic fossil energy substitution within India."
The Company's expansion into solar projects helps reduce carbon emissions, foster economic growth, and create green jobs, thereby positioning India as a global leader in renewable energy technologies.
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