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Renewable Energy Investments Worth $14 Billion Pledged In Gujarat, India

February 8, 2019

The state government of Gujarat recently concluded another edition of its biennial Vibrant Gujarat Global Investors Summit. The summit, once again, witnessed pledges being made for large-scale renewable energy deployment in the state, but these pledges need to be taken with a pinch of salt given the poor track record of such pledges being converted into actual operational power plants.

According to media reports, private and government-owned companies have entered into agreements worth over $14 billion for the development of renewable energy projects across Gujarat. These companies may receive some financial incentives that the government offers to attract investors in the state.

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