Mahindra Group To Invest Rs 1,200 Crore For Hybrid Project In Maharashtra

The project includes installation of a 101 megawatt (MW) wind and 52 MW solar capacity, Mahindra Group said in a statement.

Mahindra Susten on Monday said it will foray into the hybrid renewable energy segment by setting up a Rs 1,200-crore 150-megawatt solar wind energy project in Maharashtra.

The project includes installation of a 101 megawatt (MW) wind and 52 MW solar capacity, Mahindra Group said in a statement. The facility is expected to generate 460 million kilowatt-hour (kWh) of clean energy, offsetting 420,000 tonne of Co2 emissions.

Mahindra Group will develop a 150 MW hybrid RE (Renewable Energy solar + wind) project at a total project cost of about Rs 1,200 crore, said Mahindra Susten, a part of Mahindra Group and a leader in renewable Independent Power Producer (IPP) business.