The project, with an investment of INR12 billion (US$143.5 million), will be Mahindra Susten’s foray into the hybrid sector, including 52MW solar capacity and 101MW wind capacity. The company added that the project will be commissioned within the next two years and will integrate more than 80% domestic components.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Regular insight and analysis of the industry’s biggest developments
In-depth interviews with the industry’s leading figures
Unlimited digital access to the PV Tech Power journal catalogue
Unlimited digital access to the Photovoltaics International journal catalogue
Access to more than 1,000 technical papers
Discounts on Solar Media’s portfolio of events, in-person and virtual

View all benefits & pricing

Or continue reading this article for free

Mahindra Susten will develop the project in collaboration with the Ontario Teachers’ Pension Plan Board, serving as a strategic partner.

This development plan will be one of India’s solar projects in the pipeline that will increase India’s solar installation capacity. According to India’s Ministry of New and Renewable Energy (MNRE), India added 15GW of new solar capacity in the 12 months to the end of March 2024.

This year, developers have launched a number of large-scale solar projects in India, including Adani Green Energy’s commissioning of a 551MW project in February, and Tata Power’s launch of the country’s largest solar-plus-storage project in March.

The MNRE’s latest capacity addition figures also compare favourably to historic annual deployment figures from other sources, with the 15GW being the highest for any 12-month period.

PV Tech publisher Solar Media will be organising the Solar Finance & Investment Asia Summit in Singapore, 24-25 September. The event will bring together the most influential leaders representing funds, banks, developers, utilities, government and industry across the Asia-Pacific region on a programme that is solutions-focused from top to tail. For more information, including how to attend, please go to the official website.

UPCOMING EVENT

PV manufacturing in Europe – what needs to change & how can the EU learn from the U.S.?

6 February 2025

2:00pm GMT

FREE WEBINAR - Ahead of PV Tech’s flagship manufacturing event, PV CellTech, taking place in Frankfurt, Germany on 11-12 March 2025, this special webinar will evaluate the prospects for manufacturing wafers, cells and modules in Europe. What is stopping investments? Where are the green shoots likely to come from? How can the European PV sector successfully galvanise its established know-how in research and production equipment availability? The webinar will feature contributions from some of the most promising manufacturing developments in Europe today, in addition to expert analysis and perspectives from the U.S. and what is needed to be put in place to stimulate new factory investments and manufacturing profitability.

UPCOMING EVENT

PV CellTech Europe 2025

11 March 2025

Frankfurt, Germany

The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

UPCOMING EVENT

PV ModuleTech USA 2025

17 June 2025

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.