Gruner Renewable Energy Bags $60 Mn To Expand CBG Projects In India

Gruner Renewable Energy, a player in sustainable biogas solutions in India, secured USD 60 million in funding. This investment will enable Gruner Renewable Energy to further expand its presence in the green energy domain as it moves ahead to establish new Compressed BioGas (CBG) plants across the country.

The company is committed to enhancing its research and development (R&D) efforts as it aims to make substantial contributions toward Prime Minister Narendra Modi's vision of energy independence and sustainability for India.

"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. The Union Budget 2023-24 announcement to establish 500 new waste-to-wealth plants under the GOBARdhan initiative has been a major boost for the sector. With 113 functional CBG plants, 667 in development, and 171 under construction, the growth is substantial. These policy enablers promote a circular economy and sustainable development. This investment in Gruner from like-minded partners will be essential for driving this transformation," said Utkarsh Gupta, Founder and CEO, of Gruner Renewable Energy.

Gruner plans to utilise this funding to enhance its operations and market presence. With a primary aim of introducing technology and highly efficient processes in the biogas industry, a substantial portion of the investment will be allocated to advancing research and development (R&D) initiatives, focusing on increasing energy efficiency and the accuracy of biogas production, targeting a projected substantial increase in energy output efficiency. 

Additionally, the funds will support business expansion, including establishing new biogas plants across India, scaling up CNG retail outlets, and exploring new business verticals such as sustainable aviation fuel (SAF) and green hydrogen. This strategic investment is expected to exponentially increase Gruner's market share over the next five years.

A reflection of its commitment towards a cleaner and greener future for India, Gruner Renewable Energy is also establishing Asia's largest CBG plant in Navsari, Gujar