Mahindra Susten to set up 150 MW hybrid wind-solar plant

Mahindra and Mahindra (M&M) Group announced today that it will develop a 150 MW hybrid RE (solar + wind) project at a total project cost of about INR 1,200 crore (around $143.82 million). The project will be developed by its renewables arm Mahindra Susten, with Canadian investor Ontario Teachers’ Pension Plan Board as a strategic partner.

The installation will include 101 MW wind capacity and 52 MW solar capacity and is expected to generate 460 million kWh of energy, leading to expected abatement of 420,000 tonnes of CO2 emissions.

The project marks Mahindra Susten’s foray into the ‘hybrid RE’ segment and will be one of the largest co-located solar + wind hybrid projects in Maharashtra to deliver clean energy to commercial and industrial (C&I) customers. It is set for commissioning within the next two years and will integrate more than 80% locally manufactured components.

The Auto & Farm businesses of M&M has contracted capacity of 41.20 MW of wind and 25.90 MW of solar within this project which will annually generate ˜197 million kWh of energy and is expected to abate 184,000 tonnes of CO2 emissions. The project is expected to increase M&M’s RE share from 34% in FY23 to 60% in FY26.