Government today said it has acquired 2,000 hectares of land to develop a special economic zone (SEZ) for renewable energy in Nagpur, which would become operational within 2-3 years. "2,000 hectares of land has been acquired for the Renewable Energy SEZ in Maharashtra and it would become operational in 2-3 years time," Union Minister for New and Renewable Energy Vilas Muttemwar told reporters here. This SEZ is being developed by the Maharastra Industrial Development Corporation (MIDC) and Indian Renewable Energy Development Agency (IREDA). A European firm is understood to have committed investment worth 3.71 billion euros (Rs 22,000 crore) in the SEZ.