Key Takeaways
- GAIL will invest Rs 1,736.25 crore in a 178.2 MW wind power project in Maharashtra.
- The project aims to bolster GAIL’s renewable energy portfolio, targeting net zero carbon emissions by 2035.
- In addition to wind power, GAIL is developing solar energy projects and initiatives in green hydrogen and compressed biogas.
Investment in Wind Power Project
GAIL (India) Ltd, the state-owned gas utility, has announced an investment of Rs 1,736.25 crore to establish a wind power project in Maharashtra. This initiative aligns with GAIL’s commitment to expanding its renewable energy portfolio and achieving net-zero carbon emissions by 2035.
In a regulatory filing, GAIL revealed that its board approved the 178.2 megawatt (MW) wind power capacity project during their meeting on Friday. This new project is expected to be complete within 24 months from the awarding of the contract, significantly adding to GAIL’s existing renewable energy portfolio, which currently includes 117.95 MW of wind capacity. The company also has solar energy projects totaling 27 MW distributed across states such as Rajasthan, Uttar Pradesh, and Madhya Pradesh.
GAIL’s current wind power capabilities comprise installations in several states: 19.2 MW in Gujarat, 38.1 MW in Karnataka, and 60.65 MW in Tamil Nadu. The expansion into Maharashtra is part of GAIL’s broader strategy to enhance its renewable energy output.
Commitment to Renewable Energy
The company has outlined ambitious targets on its website, aiming for net-zero emissions through reductions in Scope-1 and Scope-2 carbon emissions by 2035, and Scope-3 emissions by 2040. A key objective includes ramping up renewable energy capacity to 3.4 gigawatts (GW) by 2035 to achieve these sustainability targets.
In addition to expanding wind and solar power, GAIL is investing in other clean energy technologies, including green hydrogen and compressed biogas (CBG) projects. These initiatives are designed to align with India’s national energy objectives while enhancing GAIL’s position within the renewable energy sector.
GAIL holds the distinction of being India’s largest natural gas transmission and marketing company, operating an extensive network of about 18,000 kilometers of natural gas pipelines across the nation. In its role as the primary marketer of gas in India, GAIL also manages a liquefied petroleum gas (LPG) portfolio and operates two petrochemical plants in Pata, Uttar Pradesh, and another in Assam.
This commitment to renewable energy projects marks a significant step for GAIL as it looks to balance its traditional energy operations with a sustainable future.
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