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Evolve Green Targets 3 GW Renewable Energy Asset Portfolio by 2030
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News18•17-10-2026, 16:00
Evolve Green Targets 3 GW Renewable Energy Asset Portfolio by 2030
- •Evolve Green Energies announced plans to build a 3 GW portfolio of owned renewable energy assets by 2030, marking a strategic expansion into long-term clean power generation.
- •The company is currently raising structured debt for a pipeline of over 300 MW of projects, backed by financial partners like Tata Capital, IREDA, Aseem Infrastructure Finance and YES Bank.
- •The fully operational 3 GW portfolio is expected to generate over 4 billion units of clean electricity annually and avoid approximately 3 million tonnes of carbon emissions each year.
- •Founded in 2011 and headquartered in Chennai, Evolve Energy Group expects to cross Rs. 700 crore in revenue during the current financial year across its diverse solar businesses.
Key Questions Answered
Evolve Green Energies has announced plans to build a 3 GW portfolio of owned renewable energy assets by 2030, expanding into long-term clean power generation and asset ownership.
Evolve is raising structured debt for its project pipeline exceeding 300 MW. The broader 3 GW roadmap will be financed through project debt, strategic equity, and a future public listing, with financial partners like Tata Capital, IREDA, Aseem Infrastructure Finance, and YES Bank.
Once fully operational, the planned renewable energy portfolio is projected to generate more than 4 billion units of clean electricity annually and over 100 billion units across its lifetime. It is also estimated to help avoid approximately 3 million tonnes of carbon emissions each year.
