Mahindra Group unveiled its ambitious plans to develop a hybrid renewable energy venture integrating solar and wind power, boasting a capacity of about 150 MW. The project is budgeted at approximately ₹12 billion. Spearheaded by Mahindra Susten, a division of the Mahindra Group, in collaboration with the Ontario Teachers’ Pension Plan Board, a globally recognized investor, the initiative aims to combine approximately 101 MW of wind energy with 52 MW of solar capacity.
Projections suggest an annual production of roughly 460 million kWh of electricity, leading to an expected reduction of around 4,20,000 tons of carbon emissions. The project marks Mahindra Susten’s inaugural foray into the hybrid renewable energy domain and is slated to become one of Maharashtra’s largest combined solar and wind installations.
The aim is to supply clean energy to commercial and industrial consumers. With over 80% of its components sourced locally, the project is on track for commissioning within the next two years. As a part of the endeavour, Mahindra & Mahindra’s automotive and agricultural sectors have secured wind and solar capacities of about 41.20 MW and 25.90 MW, respectively.
As reported by RenewableWatch, the allocation is forecasted to generate approximately 197 million kWh of energy annually, with an estimated reduction of about 184,000 tonnes of carbon emissions. The project aims to increase M&M’s renewable energy contribution from 34% in fiscal year (FY) 2023 to around 60% by FY 2026.
