Bondada Group Signs MoU for INR 3,000 Crore Solar and Biogas Investments in Goa
Bondada Group has signed a non-binding MoU with the Goa Investment Promotion and Facilitation Board to invest approximately INR 3,000 crore in solar energy and biogas projects in Goa.
November 03, 2026. By Mrinmoy Dey
The proposed projects are expected to generate more than 700 employment opportunities, according to the company.
“As part of the MoU, Goa-IPB has agreed to facilitate and extend necessary support to Bondada Group in obtaining applicable permissions, registrations, approvals and clearances required for establishing and commencing operations of the proposed projects. Goa-IPB will also facilitate access to eligible fiscal and non-fiscal incentives available under the prevailing policies and regulations of the Government of Goa,” stated the company.
It further added that the MoU is non-binding in nature, and the proposed investments and projects shall be subject to further evaluation, applicable statutory approvals, clearances and other necessary formalities.
Last month, Bondada Group signed an INR 1,007 crore MoU with the Maharashtra government for setting up to 1 GW of renewable energy projects in the state.
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