Karnataka Signs MoU With ReNew Energy, Brings Investment Worth Rs 50,000 Cr

At World Economic Forum in Davos, the Karnataka Government signed an MoU with ReNew Power, a leading renewable energy company. As per the inked MoU, the company will invest Rs 50,000 crore in the Karnataka Renewable energy sector in the next seven years. Signed in the presence of CM Bommai Basavaraj, the new proposal will bring green hydrogen, battery storage, and renewable energy units set up in Karnataka in phases.