Mukesh Ambani’s and Gautam Adani’s companies have achieved many milestones in renewable energy.
India’s top billionaires, Mukesh Ambani and Gautam Adani, are leading the charge in renewable energy investments. Their companies have already made strides in this sector. Now, Mahindra Susten, a major player, is joining the green revolution. They’ve unveiled plans to invest a whopping Rs 1200 crore in a 150-megawatt solar wind energy project in Maharashtra. This ambitious project, boasting 101 megawatts of wind capacity and 52 megawatts of solar capacity, signals a significant push towards sustainable energy in India.
The project is predicted to produce 460 million kilowatt-hours (kWh) of clean energy, offsetting 420,000 tonnes of CO2 emissions. Mahindra Group, through Mahindra Susten, a key player in renewable energy Independent Power Producer (IPP) business, will develop this 150 MW hybrid renewable energy (solar + wind) project at a total cost of approximately Rs 1200 crore.
This project also represents Mahindra Susten’s entry into the ‘hybrid RE’ sector and will be among the biggest solar + wind hybrid projects in Maharashtra. Its aim is to provide clean energy to commercial and industrial (C&I) customers.
The company plans to complete the project within the next two years, with over 80% of its components manufactured locally. Anish Shah, CEO & MD of Mahindra Group, highlighted the importance of energy transition in addressing climate change, highlighting the project’s role in promoting sustainability. Deepak Thakur, CEO & MD of Mahindra Susten, announced their entry into the hybrid renewable energy sector, aiming to provide clean power to large commercial and industrial consumers at competitive rates. He also highlighted the potential of hybrid renewable energy solutions in supporting companies’ transition towards eco-friendly operations
