Engie, Gujarat Join Hands To Drive Decarbonisation, Renewable Energy Initiatives

Engie, on Friday, said that it has signed a Memorandum of understanding  (MoU) with the Government of Gujarat during the 10 edition of Vibrant Gujarat Global Summit 2024 to cooperate on a decarbonisation programme in the development of renewable energy infrastructure in Gujarat, marking a significant contribution to Gujarat’s clean energy transition plans.

The MoU outlines exciting collaborative efforts, with a primary focus on renewable energy development, said the company.

"This strategic cooperation connotes our firm dedication to advancing sustainable energy solutions. Through this cooperation with the Government of Gujarat, our goal is to play a significant role in advancing the state's renewable energy sector and thereby making substantial contributions to India's overarching clean energy objectives," said Engie India's Country Manager, Amit Jain.

Gujara' Chief Minister, Bhupendra Patel, highlighting the state's resolute commitment to renewable energy, CM Patel lauded ENGIE's notable contributions. Underscoring the importance of green initiatives, CM Patel articulated a forward-looking vision, aiming for a substantial 2.5GW by 2030

This MoU signifies an investment of Rs 17,200 crore along with creating 14,000 new jobs, reflecting ENGIE India's commitment to contributing to the region's socio-economic development.

The MoU signing ceremony was graced by Hon’ble Chief Minister of Gujarat along with senior officials from Government of Gujarat and ENGIE Group.

Both Engie and the Government of Gujarat view this strategic cooperation as a catalyst for advancing sustainable and clean energy initiatives, aligning perfectly with India's ambitious goals for the energy transition.

The partnership extends beyond renewables, encompassing collaborative efforts in decarbonization initiatives, risk management capacity building for Gas/LNG trading, and exploring the potential centralization of ENGIE's treasury activities in India at GIFT City (Gujarat International Finance Tec-City).