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Mahindra Susten Wins 300 MW Solar Project from SJVN

Mahindra Susten Private Limited has been awarded a 300 MW solar power project by SJVN. The company secured this project by quoting a tariff rate of Rs. 2.53 per unit.

Mahindra Susten’s special purpose vehicle, Furies Solren, will sign a 25-year Power Purchase Agreement (PPA) with SJVN Limited for the aforementioned project. This project has an execution period of 24 months.

Commenting on this development, Mr. Deepak Thakur, MD & CEO of Mahindra Susten, said, “Our unwavering dedication to growing our renewable portfolio by 5x in the coming years is stronger than ever“. He further highlighted the company’s specific focus on solar, hybrid, and integrated energy storage projects.