ENGIE, a global leader in low carbon energy and services, today (July 24, 2026) announced the successful financial closure of its 250 MW Khaba Solar Project in Barmer, Rajasthan. The project is being developed through Khaba Renewable Energy Private Limited, a wholly owned subsidiary of ENGIE, and marks another important milestone in the company's commitment to accelerating India's clean energy transition.
Once commissioned, the project is expected to generate approximately 650 GWh of clean electricity annually and help avoid nearly 180 kilo tonnes of CO emissions every year. Beyond clean energy generation, the project is expected to create local employment opportunities during construction while contributing to regional economic development in Rajasthan. In line with ENGIE's approach across its sites, a substantial share of these opportunities, around 80% is expected to benefit people from local communities
The project has secured financing from leading global financial institutions, reflecting their continued confidence in ENGIE's execution capabilities and India's rapidly expanding renewable energy sector. The financial closure supports the project's next phase of development, with construction expected to be completed by Q3 2026.
Commenting on the milestone, Amit Jain CEO & Country Manager India, Managing Director Renewables & Batteries SEA, ENGIE said: "The next phase of India's energy transition will be defined by the ability to translate ambitious targets into high quality infrastructure at scale. The financial closure of the Khaba Solar Project marks another important step in that journey and reflects ENGIE's confidence in India's long term renewable energy growth story. We remain focused on delivering projects that combine execution excellence with operational reliability, while creating long term value for customers, local communities and the broader energy ecosystem. Every project we deliver strengthens the foundation for a cleaner, more resilient and energy secure future."
The Khaba Solar Project further strengthens ENGIE's growing presence in India, where the company continues to expand its portfolio across solar, wind, battery storage and integrated renewable energy solutions. Through continued investment, strong execution and long-term partnerships, ENGIE remains committed to supporting India's transition towards a cleaner, more resilient and sustainable energy future.
ENGIE is one of India's leading clean-power generation companies as a global reference in low-carbon and energy solutions. Incorporated in 2014 and headquartered in Pune, ENGIE is focused on strengthening its commitment to decarbonization with an ambitious "Net Zero Carbon" target by 2045. Together with our employees, customers, partners, and stakeholders, we are dedicated to offering competitive turnkey low-carbon solutions to our customers. ENGIE's ambition is to become the world leader in the zero-carbon transition, which means we are fully aligned with the Government of India's renewable energy targets.
ENGIE India celebrates a significant milestone as it marks 11 years of operations in the country. Throughout this journey, ENGIE has been committed to implementing comprehensive sustainability and corporate social responsibility (CSR) initiatives in the areas of education, health, and well-being. ENGIE in India has received several rewards and recognition, including Best Organisation for Women for 2 consecutive years (2025 and 2026), Indo French Partnership of the Year Award (2026) The best large-scale solar PV project in 2020 and 2022, signing/executing India's best renewable energy deal of the year in 2020, and being amongst the top influencers in the solar industry in 2021.
ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With more than 90,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE invests on average 12 billion per year to drive forward the energy transition and achieve its net-zero carbon goal by 2045. Turnover in 2025: 71.9 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).
