Mahindra Susten emerges victorious with 200 MW in Rajasthan Urja Vikas Nigam Ltd’s (RUVNL) latest 1 GW solar auction. The resounding victory underscores Mahindra Susten's dedication to pioneering sustainable energy solutions and its relentless pursuit of excellence in the renewable energy sector.
The esteemed project was awarded to Mahindra Susten after navigating a competitive bidding process, followed by an impactful e-reverse auction phase. The endeavour will be formalized through a 25-year power purchase agreement between RUVNL and Mahindra Susten, reinforcing the long-term viability of the project.
Earmarked for completion within 18 months, the project's timeline exemplifies Mahindra Susten's swift execution capabilities. With an expansive operating portfolio of approximately 1.54 GWp+ spread across India, the company stands as a true embodiment of sustainable power generation and conscientious energy practices.
Deepak Thakur, the Managing Director and CEO of Mahindra Susten, expressed his elation, stating, “This is our second bid win in FY24, following our strategic partnership with Ontario Teachers’ Pension Plan (Ontario Teachers’) in December 2022. Mahindra Susten and Ontario Teachers’ are committed to expanding our renewable portfolio 5x in the coming years as part of our long-term vision and developing projects focused on solar energy, hybrid energy, and integrated energy storage.”
In conclusion, Mahindra Susten's recent conquest in the Rajasthan Urja Vikas Nigam Ltd's solar auction not only reaffirms its position as an industry leader but also underscores its dedication to revolutionizing the renewable energy landscape. The amalgamation of strategic partnerships, visionary leadership, and unwavering commitment positions Mahindra Susten at the vanguard of India's sustainable energy revolution.