GUvNL's 500 MW Solar Projects Greenshoe

09 Nov 2023 CW Team

GUvNL, the Government Utility of Gujarat, has announced its ambitious plan to develop 500 MW of solar projects as part of a new greenshoe initiative.

The project aims to harness renewable energy sources and promote sustainability within the state. GUvNL plans to construct solar power projects throughout Gujarat, utilizing advanced technologies to maximize solar energy production.

With these projects, GUvNL aims to tackle the increasing demand for energy in the state. By investing in renewable energy sources like solar power, the utility can effectively reduce dependency on conventional energy and minimize environmental impact.

This initiative aligns with the government's aims to increase the share of renewable energy in the overall energy mix and reduce carbon emissions. Gujarat has already made significant strides in the field of renewable energy, and this new project further strengthens its position as a leader in the sector.

The 500 MW solar projects are expected to attract significant interest from developers and investors. GUvNL plans to allocate the projects through competitive bidding, ensuring a transparent and efficient selection process.

By utilizing the greenshoe option, GUvNL can effectively raise funds for the projects. The greenshoe provision allows the issue manager to sell additional shares beyond the initial offering. This additional capital will help finance the solar projects, making them economically viable and ensuring their successful implementation.

Moreover, this initiative is likely to provide employment opportunities in the region, stimulating economic growth. The construction and operation of solar projects will require a skilled workforce, fostering job creation and contributing to the local economy.

The development of solar projects in Gujarat will not only help meet the state's energy demands but also contribute to India's overall renewable energy goals. As the country aims to increase its solar power capacity, initiatives like GUvNL's 500 MW solar projects play a crucial role in achieving these targets.

In conclusion, GUvNL's new greenshoe initiative for developing 500 MW solar projects in Gujarat is a significant step towards promoting renewable energy and sustainability. This project will not only address the demand for energy in the state but also contribute to India's renewable energy goals. This endeavor is expected to attract interest from developers and investors, while also providing employment opportunities and fostering economic growth in the region.

GUvNL, the Government Utility of Gujarat, has announced its ambitious plan to develop 500 MW of solar projects as part of a new greenshoe initiative. The project aims to harness renewable energy sources and promote sustainability within the state. GUvNL plans to construct solar power projects throughout Gujarat, utilizing advanced technologies to maximize solar energy production. With these projects, GUvNL aims to tackle the increasing demand for energy in the state. By investing in renewable energy sources like solar power, the utility can effectively reduce dependency on conventional energy and minimize environmental impact. This initiative aligns with the government's aims to increase the share of renewable energy in the overall energy mix and reduce carbon emissions. Gujarat has already made significant strides in the field of renewable energy, and this new project further strengthens its position as a leader in the sector. The 500 MW solar projects are expected to attract significant interest from developers and investors. GUvNL plans to allocate the projects through competitive bidding, ensuring a transparent and efficient selection process. By utilizing the greenshoe option, GUvNL can effectively raise funds for the projects. The greenshoe provision allows the issue manager to sell additional shares beyond the initial offering. This additional capital will help finance the solar projects, making them economically viable and ensuring their successful implementation. Moreover, this initiative is likely to provide employment opportunities in the region, stimulating economic growth. The construction and operation of solar projects will require a skilled workforce, fostering job creation and contributing to the local economy. The development of solar projects in Gujarat will not only help meet the state's energy demands but also contribute to India's overall renewable energy goals. As the country aims to increase its solar power capacity, initiatives like GUvNL's 500 MW solar projects play a crucial role in achieving these targets. In conclusion, GUvNL's new greenshoe initiative for developing 500 MW solar projects in Gujarat is a significant step towards promoting renewable energy and sustainability. This project will not only address the demand for energy in the state but also contribute to India's renewable energy goals. This endeavor is expected to attract interest from developers and investors, while also providing employment opportunities and fostering economic growth in the region.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..