Integrum Energy Signs Wind-Solar MOU at Vibrant Gujarat 2024
Integrum Energy has entered into a Memorandum of Understanding (MOU) with the Gujarat Government during the Vibrant Gujarat Summit 2024. The agreement outlines Integrum Energy's ambitious plan to facilitate the creation of 700-800 MW of wind and solar hybrid projects in Gujarat over the next five years, with a total investment of Rs 5000 Crores.
Integrum Energy's comprehensive solutions empower industrial and commercial consumers to own and utilize power generated from innovative hybrid wind and solar projects. This approach ensures that consumers can access maximum green energy at an optimal cost. Additionally, our initiatives are poised to make a substantial impact on Gujarat's economy, fostering growth, job creation, and creating ancillary business opportunities within the renewable energy sector. This, in turn, will catalyze downstream investments by user industries, enhancing their profitability and efficiency through the adoption of cost-effective wind and solar power.
The investment proposal presented by Integrum Energy at the Vibrant Gujarat Summit 2024 not only signifies a significant commitment to revolutionizing the energy sector but also promises considerable advantages for the state of Gujarat. The MOU signing underscores a shared dedication to promoting innovation, economic prosperity and environmental sustainability.
As pioneering developers of hybrid wind and solar projects, Integrum Energy has swiftly implemented and commissioned nearly 150 MWs of projects, predominantly in Hybrid mode, within a concise two-year period. The company is currently in the process of deploying over 200 MWs of projects across Gujarat, Maharashtra, and Karnataka.
Integrum Energy's leadership extends to the development of a power portfolio optimization model, allowing clients to maximize their green energy sourcing while minimizing costs. This model covers all aspects, from project conceptualization and development to commissioning, power portfolio management, and lifelong asset management, through a capex-based transaction structure.