Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

RPSG Group Plans Rs 10,500 Crore Renewable Energy Investment in Karnataka Over Three Years

The RP-Sanjiv Goenka Group (RPSG) has announced plans to invest approximately Rs 10,500 crore over the next three years to expand its renewable energy operations in Karnataka, with major projects proposed in the Vijayapura and Ballari districts.

The investment proposal was discussed during a meeting between Shashwat Goenka, Vice-Chairman of the RPSG Group, and M.B. Patil, Karnataka’s Minister for Large and Medium Industries, on the sidelines of the World Economic Forum in Davos, according to the minister.

Patil stated that the discussions focused on the policy framework, incentives, and institutional mechanisms required to ensure timely execution of the planned renewable energy projects. He added that the state government has assured full policy and facilitation support to help advance the proposed investments.

The Karnataka government also encouraged the group to evaluate additional opportunities within the state’s clean energy manufacturing ecosystem, particularly in solar cell and module manufacturing, as part of its broader industrial development strategy.

Once implemented, the proposed projects are expected to significantly strengthen Karnataka’s renewable energy landscape and further consolidate the state’s position as a leading clean energy hub in India.

Separately, the RPSG Group has also entered into a Rs 3,805 crore memorandum of understanding with the Government of Uttar Pradesh to set up a solar module manufacturing facility in the state, reflecting the group’s expanding footprint across India’s renewable energy value chain.