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 * Renewable
 * 1 min read


GRUNER RENEWABLE ENERGY BAGS $60 MILLION TO EXPAND BIOGAS OPERATIONS ACROSS
INDIA

The funding will be strategically utilized to not only enhance Gruner's
operational capacities but also to venture into new business verticals such as
sustainable aviation fuel (SAF) and green hydrogen.
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 * ETEnergyWorld

 * Published On Jul 29, 2024 at 01:29 PM IST

Read by: 3558 Industry Professionals
Read by 3558 Industry Professionals
New Delhi: Gruner Renewable Energy, a key player in sustainable biogas
solutions, has secured $60 million funding to propel the expansion of its
Compressed BioGas (CBG) plants across India. This influx of capital is set to
enhance the company's research and development initiatives and expand its green
energy footprint.

Utkarsh Gupta, Founder & CEO of Gruner Renewable Energy, expressed optimism
about the role of CBG plants in achieving energy independence. "Establishing CBG
plants in India is crucial for fostering a self-reliant and sustainable future.
By promoting clean energy production and reducing dependence on imported
compressed natural gas (CNG), we contribute significantly to India's vision of
energy independence," Gupta said. He highlighted the support from the Union
Budget 2023-24, which plans to establish 500 new waste-to-wealth plants under
the GOBARdhan initiative, reflecting substantial growth in the sector with 113
functional CBG plants, 667 in development, and 171 under construction.


Advt


The funding will be strategically utilized to not only enhance Gruner's
operational capacities but also to venture into new business verticals such as
sustainable aviation fuel (SAF) and green hydrogen. Gupta further noted, "As the
Modi 3.0 government has taken charge, the biofuels industry anticipates policy
reforms that will facilitate the expansion of new CBG projects nationwide."

The company also aims to support the agricultural sector by encouraging the
cultivation of energy crops through direct subsidies and financial incentives
for farmers. This strategy is designed to ensure a steady supply of feedstock
for biogas production while promoting sustainable farming practices.



Adding to its innovative strides, Gruner is in the process of establishing
Asia's largest CBG plant in Navsari, Gujarat, further cementing its commitment
to a cleaner and greener future for India.


 * ETEnergyWorld

   
 * Published On Jul 29, 2024 at 01:29 PM IST
   


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 * Gruner Renewable Energy bags $60 million to expand biogas operations across
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