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Hazoor Multi Projects Expands into Renewable Energy with First Solar Park in Maharashtra – EQ

Hazoor Multi Projects Expands into Renewable Energy with First Solar Park in Maharashtra – EQ

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In Short : Hazoor Multi Projects Ltd (HMPL) has approved its entry into the renewable energy sector with the development of Maharashtra’s first solar park, the 1.2 GW Chhatrapati Shivaji Maharaj Saur Urja Park in Solapur. The project, using advanced solar technology, supports India’s green energy goals. HMPL is also planning additional solar hybrid projects in Maharashtra and Andhra Pradesh.

In Detail : Hazoor Multi Projects Ltd (HMPL) has approved its expansion into the renewable energy sector. The company plans to develop Maharashtra’s first solar park, named the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP), located in Solapur district. This solar park will have a capacity of 1.2 GW and will span over 4,200 acres, marking a significant step in the region’s renewable energy infrastructure.

The project will utilize cutting-edge technology, including 750-watt solar panels and advanced tracking systems. These innovations are designed to enhance the efficiency and performance of the solar park, contributing to the growth of renewable energy generation in the state.

HMPL’s initiative aligns with India’s broader goal to boost its renewable energy capacity and transition to a greener energy system. The solar park is expected to play a crucial role in supporting the country’s clean energy objectives, while also offering economic benefits to the Solapur region through job creation and infrastructure development.

In addition to the solar park in Solapur, HMPL is also planning to develop large-scale solar hybrid projects in Maharashtra and Andhra Pradesh. These projects will add an additional 1,200 MW of capacity in Maharashtra and 500 MW in Andhra Pradesh, further strengthening the company’s renewable energy portfolio.

The move into renewable energy is part of HMPL’s strategy to diversify its business and contribute to the global shift towards sustainable energy. By investing in solar and hybrid projects, the company aims to take advantage of the growing demand for clean energy while supporting India’s commitment to achieving its climate targets.

Overall, HMPL’s foray into renewable energy marks a milestone in the company’s evolution and in the renewable energy sector’s growth in India. With its large-scale solar projects, HMPL is set to play a key role in the country’s transition to a more sustainable energy future.

Anand Gupta Editor - EQ Int'l Media Network