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GE Vernova Plans $1.17bn Investment in Renewable Energy in Kutch, Gujarat

GE Vernova is making a significant move in India's renewable energy sector with a Rs. 100 billion (about US$ 1.17 Billion) investment in Kutch, Gujarat. The company, which spun off from General Electric (GE) in April 2024, focuses on electrification and decarbonization, aiming to deliver reliable, affordable, and sustainable energy solutions.

This investment aligns with India's ambitious 500 GW renewable energy target by 2030, and it will contribute to the 30 GW hybrid renewable energy park in Kutch-the largest of its kind in Asia. The Gujarat government has already commissioned 1 GW capacity in March 2024.

India is rapidly expanding its renewable energy infrastructure, and GR Vernova’s involvement strengthens the country’s position as the third-largest renewable energy producer globally, after the US and China.

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