WeWork India Management Limited announced plans to develop a 10 MWp (DC) ground-mounted captive solar power plant in Karnataka, a move the company said marks a significant milestone in its goal to transition to 100 per cent renewable electricity by March 2028, according to a media release issued by the company on September 3, 2026. The Board of Directors of WeWork India accorded in-principle approval for the project at a meeting held the same day, the company said in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Targeted for commissioning in FY27, the plant is expected to generate approximately 15 to 16 million units of clean electricity annually, the company said. Once operational, it is expected to raise the share of renewable electricity across WeWork India’s portfolio from close to 40 per cent currently to approximately 50 per cent. Nearly 80 per cent of the plant’s output will support the company’s operations, including 10 centres in Bengaluru, while the remaining 20 per cent will be reserved for future growth, according to the release.
The company said Karnataka was chosen as a strategic location for the investment, with Bengaluru representing its largest market at 30 operational centres and the state accounting for approximately 30 per cent of its total electricity consumption across its portfolio. Karan Virwani, Managing Director and CEO of WeWork India, said Bengaluru’s scale made it the natural starting point for an investment of this size, adding that building owned renewable generation capacity would help reduce the carbon footprint of operations while providing greater certainty over energy costs over the next 25 years. He said the company wanted sustainability to make strong business sense rather than function as an initiative separate from its core operations.
With a design life of 25 years, the solar plant is expected to offer greater long-term visibility over electricity costs for a significant part of WeWork India’s Bengaluru operations, helping insulate the portfolio from fluctuations in grid tariffs, the company said. By combining owned renewable generation, captive consumption and open access, WeWork India said it was building a more diversified energy sourcing model aimed at delivering both lower-carbon operations and greater cost certainty.
Implementation of the project remains subject to satisfactory completion of due diligence and receipt of requisite consents and approvals, the company said in its filing. Expected to be commissioned by the first quarter of 2027, the solar plant marks WeWork India’s shift from renewable electricity procurement toward direct investment in renewable generation capacity, a step the company said was intended to ensure that its growth is accompanied by a more resilient, efficient and lower-carbon energy model as it scales its portfolio.
