WeWork India Approves 10 MWp Solar Plant in Karnataka

WeWork India Management Limited has received in-principle approval from its Board of Directors to establish a 10 MWp captive solar power plant in Karnataka. This initiative, approved during a board meeting on September 3, 2026, aims to reduce electricity costs, increase the use of renewable energy, and support the company's sustainability objectives. The project is slated for commissioning in FY27 and is expected to generate approximately 15-16 million units of clean electricity annually. This will boost the share of renewable electricity in WeWork India's portfolio from nearly 40% to about 50%, moving closer to its goal of 100% renewable electricity by March 2028. Approximately 80% of the plant's output will power WeWork India's operations, including 10 centres in Bengaluru, with the remaining 20% allocated for future growth. The investment in Karnataka, WeWork India's largest market with 30 operational centres, is strategic as the state accounts for about 30% of the company's total electricity consumption. Karan Virwani, Managing Director & CEO, WeWork India, stated that building their own renewable generation capacity allows them to reduce their carbon footprint while ensuring greater certainty over energy costs for the next 25 years. This project reflects a commitment to combining sustainability with disciplined capital allocation, providing long-term visibility over electricity costs and insulating operations from grid tariff fluctuations. The solar plant is expected to be commissioned by Q1 2027, marking a progression from renewable electricity procurement to direct investment in renewable generation capacity.