Maharashtra Cabinet Approves Over Rs 10,000 Crore for Solarisation Initiative
Major Financial Commitment to Solar Projects
MUMBAI: In one of the *most substantial* approvals, the Maharashtra cabinet has sanctioned over Rs 10,000 crore for a solarisation project that aims to accelerate the state’s renewable energy capabilities. This ambitious plan is set to aid Maharashtra in achieving its goal of making solar power a significant part of its energy portfolio.
Key Objectives of the Solarisation Project
- This project hopes to boost solar energy contributions towards making up *39% of Maharashtra's power mix*.
- It is projected that solar energy will increase from *around 15%* to a considerably larger share within the next few years.
- The cumulative solar installations in the state currently stand at approximately *7.5 GW*.
Long-term Impact on Energy Sustainability
This strategic investment reflects Maharashtra's commitment to sustainable energy and reducing carbon emissions, setting a precedent in India's renewable sector. As the state progresses toward its energy targets, the need for innovative and robust solutions in renewable sources becomes increasingly vital.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.