Blue Energy has signed a memorandum of understanding with the Maharashtra government to set up a Rs 3,500 crore renewable energy manufacturing and generation facility. 

The new plant will focus on producing components for clean energy projects, including wind, solar, and hybrid systems. 

The investment is expected to create thousands of jobs and boost local manufacturing under India’s Atmanirbhar Bharat initiative. 

The facility will also include R&D and testing units to enhance product innovation. 

This collaboration reinforces Maharashtra’s leadership in clean energy transition and supports the state’s target of increasing renewable capacity in the coming decade.