GAIL (India) Ltd has approved the development of a 600 MW greenfield solar project integrated with a 550 MWh co-located battery energy storage system (BESS) in Uttar Pradesh. The estimated project cost is INR 3,294.86 crore, to be financed through a mix of debt and equity.
Image: GAIL
GAIL (India) Ltd has approved the development of a 600 MW greenfield solar project integrated with a 550 MWh co-located battery energy storage system (BESS) in Uttar Pradesh. The estimated project cost is INR 3,294.86 crore, to be financed through a mix of debt and equity.
GAIL currently has around 29 MW of installed solar capacity. The new project is expected to be commissioned within 15 months from the award of the EPC contract.
The company views renewable energy as a strategic growth opportunity and is expanding its clean energy portfolio as part of its decarbonisation strategy. It aims to achieve Net Zero Scope 1 and Scope 2 greenhouse gas emissions by 2035 through a combination of electrification of natural gas–based equipment, deployment of renewable energy, battery energy storage systems (BESS), compressed biogas (CBG), and green hydrogen initiatives.
Several large-scale projects are currently under various stages of development, including 100 MW and 600 MW solar projects in Uttar Pradesh, along with captive solar installations across multiple GAIL facilities.
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