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Mahindra Susten

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    Showing Result for Keyword #renewable power

      News & Media

      A Milestone for Mahindra Susten: Winning the RUVNL Project

      Mahindra Susten emerges victorious with 200 MW in Rajasthan Urja Vikas Nigam Ltd’s (RUVNL) latest 1 GW solar auction. The resounding victory underscores Mahindra Susten's dedication to pioneering sustainable energy solutions and its relentless pursuit of excellence in the renewable energy sector.The esteemed project was awarded to Mahindra Susten after navigating a competitive bidding process, followed by an impactful e-reverse auction phase.  The endeavour will be formalized through a 25-year power purchase agreement between RUVNL and Mahindra Susten, reinforcing the long-term viability of the project.Earmarked for completion within 18 months, the project's timeline exemplifies Mahindra Susten's swift execution capabilities. With

      News & Media

      Mahindra Susten-Ontario Teachers’ Deal Opens up a Wealth of Opportunities

      Ontario Teacher's Pension Plan, a global investor, is set to acquire a 30% equity stake in Mahindra Susten, a cleantech arm of the Mahindra Group. This strategic move involves an equity value of ₹23.71 billion (-$300 million) and adheres to the regulations of the Securities and Exchange Board of India by establishing an Infrastructure Investment Trust (InvIT).Initially, the proposed InvIT will encompass renewable power assets with an operational capacity of approximately 1.54 GW, seeded by Mahindra Susten. Additionally, Mahindra Group's shareholder loans totalling ₹5.75 billion (-$73 million) advanced to Mahindra Susten will be duly repaid.A substantial influx of funds will

      Blog post

      Susten's Centre of Excellence Featured in UNGC

      Genuine empowerment stems from empowering others. Mahindra Susten, a trailblazing Independent Power Producer (IPP) in the realm of renewable energy, stands as a beacon of this principle.Located at the heart of Karjat, the Susten’s Centre of Excellence is dedicated to training individuals from socio-economically disadvantaged backgrounds, preparing them for the transition into the renewable energy sector. To date, this initiative has made a profound impact, with the Karjat Center having provided comprehensive training to over 4,500 technicians in full-trade skills and more than 10,000 individuals in semi-trade skills.This remarkable endeavour, aimed at empowering communities to rise, has garnered recognition in

      Blog post

      Advantage: Rooftop Solar

      Highlights of Rooftop SolarRooftop solar systems require lesser water when compared to ground-mounted solar power plants (for cleaning purposes). Plus, additional land acquisition, which is always the bane of any project, is not an issue with rooftop solar solutions. Off grid rooftop solar solutions reduce the requirement for large-scale transmission infrastructure for grid connectivity. Another problem that is tackled by on grid rooftop solar systems is that of under-utilization of the solar plant where the cost of building infrastructure to connect to the grid is much lower given the proximity to the grid.Opting for ‘net metering’, while installing your rooftop

      Brightsolar

      Brightsolar

      Brightsolar is the 1st project development under Susten IPP division. The project involves land procurement, development of the PV plant and evacuation to the 132/33KV Jammalabanda substation. The EPC of the project is done by Susten in-house team. The project is developed using the technology of Fixed Tilt & Single Axis tracker with poly crystalline module. The project is situated in Andhra Pradesh and is supplying power to APSPDCL (Andhra Pradesh Southern Power Distribution company Limited)  via 25 year state PPA. The project was commissioned in Jan 2016.

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