Question
Which renewable energy company signs MoU to invest Rs
50,000 cr in 7 years in Karnataka?Solution
Re New Power signed a Memorandum of Understanding (MoU) with the Karnataka government at the World Economic Forum meet in Davos, to invest Rs 50,000 crore in the state over the next seven years. Re New Power intends to set up production units in Renewable Energy, Battery Storage and Green Hydrogen with potential to create employment opportunities for 30,000 people.
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