Bondada Engineering Plans ₹10,000 Crore Investment for Renewable Energy Expansion
Bondada Engineering eyes ₹10,000 cr investment for 25 GW RE, data centres
Business Standard
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Bondada Engineering, a solar engineering, procurement, and construction (EPC) company based in India, aims to invest ₹10,000 crore (approximately $1.2 billion USD) over the next four years to achieve a renewable energy capacity of 25 gigawatts by 2030. The investment will also include ventures into data centres and defence manufacturing.
- 01Bondada Engineering targets 25 GW renewable energy capacity by 2030.
- 02The company plans to invest ₹10,000 crore, with ₹2,000 crore allocated for defence manufacturing.
- 03Around 16 GW of the capacity will come from solar energy and 9 GW from battery energy storage systems.
- 04The company is in discussions with hyperscalers for data centre projects.
- 05Bondada Engineering has commissioned 1.3 GW of renewable energy capacity to date.
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Bondada Engineering, a solar EPC company in India, is planning to invest ₹10,000 crore (approximately $1.2 billion USD) over the next four years to achieve its ambitious target of 25 gigawatts of renewable energy capacity by 2030. The chairman and managing director, Bondada Raghavendra Rao, stated that ₹2,000 crore of the investment will focus on defence manufacturing and enhancing power plants. The company's renewable energy capacity will include 16 GW from solar and 9 GW from battery energy storage systems (BESS). Currently, Bondada has commissioned about 1.3 GW of renewable energy capacity and aims to grow its order book to ₹10,000 crore by the end of the current financial year. The company is also exploring data centre opportunities and has partnered with Bryanston Renewables from Dubai to develop green data centres in India and other markets. Rao emphasized the need for improved grid connectivity to facilitate timely project execution, noting that the company is ready to deploy 2 GW of solar capacity in Anantapur district, Andhra Pradesh, pending grid availability.
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The investment will create job opportunities in renewable energy and defence sectors, contributing to local economies.
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