WeWork India gets in-principle nod for 10 MWp solar plant

WeWork India Management Ltd has received in-principle approval from its Board of Directors to set up a 10 MWp captive solar power plant in Karnataka. The project, targeted for commissioning in FY27, aims to reduce electricity costs, increase renewable energy usage, and support sustainability goals. It is expected to generate 15-16 million units of clean electricity annually, powering ten WeWork India centers in Bengaluru and increasing the share of renewable electricity in its portfolio from 40% to approximately 50%. This investment aligns with the company's goal of transitioning to 100% renewable electricity by March 2028 and offers long-term energy cost certainty.