Mahindra Susten Ventures into Hybrid Renewable Energy with ₹1,200 Crore Project in Maharashtra

16 Apr 2024 , 12:08 PM

Mahindra Susten announced its entry into the hybrid renewable energy sector with a ₹1,200-Crore project in Maharashtra on Monday. The project comprises a 101 MW wind and 52 MW solar capacity, aiming to generate 460 million kWh of clean energy and offset 420,000 tonnes of CO2 emissions.

Mahindra Susten, a subsidiary of the Mahindra Group, will develop the 150 MW hybrid RE project, leveraging over 80% locally manufactured components.

This venture marks Mahindra Susten’s debut in the hybrid RE segment, aiming to provide clean energy to commercial and industrial customers. The company plans to commission the project within two years, emphasizing its commitment to sustainability and “Planet Positive” businesses.

Anish Shah, CEO & MD of Mahindra Group, highlighted the project’s role in addressing climate change and promoting green operations.

Deepak Thakur, CEO & MD of Mahindra Susten, emphasized the project’s significance in delivering competitive green power to large consumers and showcasing the potential of hybrid RE solutions.

Formerly known as Mahindra EPC, Mahindra Susten is a leading Indian renewable energy company and a part of the Mahindra Group, focusing on sustainability and enabling green initiatives.

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