WeWork India Management Limited, the industry leader in the flexible workspace sector, today announced plans to develop a 10 MWp (DC) ground-mounted solar power plant in Karnataka, marking a significant milestone in its goal to transition towards 100% renewable electricity by March 2028.
Targeted for commissioning in FY27, the plant is expected to generate approximately 15โ16 million units of clean electricity annually. Once operational, it is expected to increase the share of renewable electricity across WeWork Indiaโs portfolio from close to 40% currently to approximately 50%, bringing the company closer to its 100% renewable electricity goal. Nearly 80% of the plantโs output will support WeWork Indiaโs operations, including 10 centres in Bengaluru. The remaining 20% of the plantโs output will be used for their future growth.
Karnataka is a strategic location for the investment, with Bengaluru representing WeWork Indiaโs largest market at 30 operational centres. The state accounts for approximately 30% of the companyโs total electricity consumption across its portfolio, making it a natural market to drive renewable energy adoption at scale. The solar plant will enable WeWork India to meet a meaningful share of this demand through renewable power, while reducing its reliance on conventional grid electricity.
Commenting on the development, Karan Virwani, Managing Director & CEO, WeWork India, said, โBengaluru is our largest market, making it the natural starting point for an investment of this scale. As we grow, we want a greater share of that growth to be powered by clean energy, but we also want sustainability to make strong business sense. Building our own renewable generation capacity allows us to do both – reduce the carbon footprint of our operations while creating greater certainty over energy costs for the next 25 years. This is the kind of long-term investment we believe can make sustainability an integral part of how we scale, rather than an initiative that sits alongside the business.โ
This investment also reflects WeWork Indiaโs approach towards combining sustainability outcomes with disciplined capital allocation. With a design life of 25 years, the solar plant will provide greater long-term visibility over electricity costs for a significant part of its Bengaluru operations, helping insulate the portfolio from fluctuations in grid tariffs. Solar power is expected to provide electricity at a more competitive cost over the life of the asset, translating into operating efficiencies at the centres it serves. By combining owned renewable generation, captive consumption and open access, WeWork India is creating a more diversified energy sourcing model designed to deliver both lower-carbon operations and greater cost certainty.
The project is part of WeWork Indiaโs broader effort to embed sustainability into the growth and operation of its portfolio. As enterprises increasingly look to reduce the environmental footprint of their operations and supply chains, access to workspaces powered by cleaner energy can also help support their wider sustainability ambitions. Expected to be commissioned by Q1 2027, the solar plant marks WeWork Indiaโs progression from renewable electricity procurement towards direct investment in renewable generation capacity. As the company scales its portfolio, this approach is intended to ensure that growth is accompanied by a more resilient, efficient and lower-carbon energy model.