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Waaree secures solar module supply contract from Mahindra Susten

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Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, has won a contract from Mahindra Susten to supply solar modules for the 200 MW/280 MWp Rajasthan Solar Power Project (RUVNL). Under the contract, Waaree will supply its ELITE series, n-type TopCon 580Wp solar modules for the project. Mahindra Susten secured the 200 MW capacity in May 2023 by quoting a tariff of Rs 2.61 per kWh under Rajasthan Urja Vikas Nigam Limited’s (RUVNL) 1,000 MW…

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Martial Solren achieves financial closure for solar projects in Gujarat and Rajasthan

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Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan.  The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71 per kWh, respectively, under the 500 MW…

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Mahindra Susten establishes Steer Hybren for renewable energy projects

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Mahindra Susten Private Limited has incorporated a wholly owned subsidiary, Steer Hybren Private Limited, to implement renewable energy projects across India.  Established on November 29, 2024, in Mumbai, Steer Hybren will operate as an Independent Power Producer (IPP), focusing on the production and distribution of power.  The company plans to develop rooftop solar power installations for commercial, industrial, institutional, and residential sectors, in addition to setting up energy storage systems and other renewable energy initiatives.