Vedanta floats bids for 500 MW of renewable power

Vedanta Limited has invited expression of interests (EOI) for an additional 500 MW of renewable energy. The company has set a target to achieve 2.5 GW of renewable energy for its operations by 2030. The move is in line with Vedanta’s ESG vision of “Transforming for Good” and is dedicated towards realising its objective of becoming net zero carbon by the year of 2050 or earlier.

For the next ten years, Vedanta has committed $5 billion to accelerate its shift towards the net-zero operations. The company has called for experienced, and financially strong players to submit their EOIs to supply hybrid renewable power for its manufacturing facilities located in Rajasthan, Chhattisgarh and Odisha.