Mahindra and Mahindra (M&M) Group announced today that it will develop a 150 MW hybrid RE (solar + wind) project at a total project cost of about INR 1,200 crore (around $143.82 million). The project will be developed by its renewables arm Mahindra Susten, with Canadian investor Ontario Teachers’ Pension Plan Board as a strategic partner.
The installation will include 101 MW wind capacity and 52 MW solar capacity and is expected to generate 460 million kWh of energy, leading to expected abatement of 420,000 tonnes of CO2 emissions.
The project marks Mahindra Susten’s foray into the ‘hybrid RE’ segment and will be one of the largest co-located solar + wind hybrid projects in Maharashtra to deliver clean energy to commercial and industrial (C&I) customers. It is set for commissioning within the next two years and will integrate more than 80% locally manufactured components.
The Auto & Farm businesses of M&M has contracted capacity of 41.20 MW of wind and 25.90 MW of solar within this project which will annually generate ˜197 million kWh of energy and is expected to abate 184,000 tonnes of CO2 emissions. The project is expected to increase M&M’s RE share from 34% in FY23 to 60% in FY26.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.