Carbon Minus has recently confirmed the successful award of two significant solar projects under the Maharashtra State Government’s “Mukhyamantri Solar Krishi Vikas Yojana 2.0” (MSKVY 2.0). This initiative marks a significant milestone in the state’s commitment to renewable energy and sustainable development. The objective of this scheme is to solarize 30% of feeders by 2025. For this, 7,000 MW decentralized solar projects will be implemented. With this, farmers will be able to get electricity during the day.
The awarded projects include 174 MW solar power projects in Turnkey-EPC mode with Maharashtra State Power Generation Company Limited (MahaGenco-MSPGCL) and another 730 MW project with Maharashtra State Electricity Distribution Company Limited (MSEDCL). These projects are set to play a crucial role in enhancing the state’s renewable energy capacity and supporting the transition to cleaner energy sources.
“We are honoured and humbled to partner with MahaGenco-MSPGCL and MSEDCL on these landmark solar projects,” said Pankaj Choudhary (Founder and Director). “These projects not only demonstrate our commitment to advancing solar energy in Maharashtra but also contribute significantly to the state’s environmental goals and energy security.” He added.
The 174 MW project will leverage innovative technologies to provide reliable and efficient solar power, supporting local communities and contributing to the state’s agricultural sector. Meanwhile, the 730 MW project is expected to deliver substantial energy savings and reduce carbon emissions, furthering Maharashtra’s vision for a sustainable energy future.
Both projects align with the government’s broader strategy under MSKVY 2.0, which aims to promote solar energy usage among farmers and enhance their livelihoods through green energy solutions.
Carbon Minus is dedicated to driving progress in the renewable energy sector and is committed to fostering sustainable practices that benefit both the environment and local communities. The total order value is estimated at about 3960 Crore, which is surely a testament to the firm’s commitment to cross Rs 5000 Crore turnover by its 5th year founding anniversary.
These solar projects are expected to be developed in multiple phases over the 12-18 months. Upon completion, the project will produce enough renewable energy to power over 500,000 homes annually, helping to mitigate approximately 1.2 million tons of CO2 emissions each year. The initiative is also expected to create thousands of direct and indirect job opportunities, from project construction to long-term operations and maintenance roles. Carbon Minus also affirms its commitments to strengthening local communities by offering by offering local jobs, contributing to community common infrastructures like local roads, schools, and skill centres.
We will focus on using state-of-the-art solar technology and high-quality engineering practices to maximize efficiency and minimize environmental impact. The company also remains committed to fostering strong local partnerships, ensuring community engagement, and contributing to the region’s socioeconomic development.” Says Ashok Kumar, Co-founder & Director, overseeing the project development.
About Carbon Minus
Carbon Minus is an emerging leader in renewable energy solutions, specializing in solar power, wind energy, and energy storage technologies. The company is committed to accelerating the global transition to sustainable, low-carbon energy systems. Through its cutting-edge technologies and strategic partnerships, Carbon Minus is driving the development of large-scale renewable energy projects across India and internationally. The company’s mission is to reduce carbon footprints and empower communities through affordable, reliable, and clean energy. The company was founded in 2021 by Pankaj Choudhary and Ashok Kumar, an alumnus of IIM Calcutta and IIT Madras, respectively.
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