Indian conglomerate plans 100-MW solar projects

Date: 
May 26, 2012

Business conglomerate Mahindra & Mahindra said that it will look to commission over 100-MW of solar power projects across India over the next two to three years with partner Kiran Energy.

A joint venture between the two companies, Mahindra Solar One, is currently working on three projects to generate a total of 50-MW of photovoltaic power by the end of this fiscal year.

“The solar energy business has huge potential and it is growing gradually. We are targeting to have 100-MW of power generation capacity in the next two to three years with our partner Kiran Energy,” said Mahindra & Mahindra Cleantech Ventures business head Vish Palekar, said,

“At present, we are working on three projects in Rajasthan. While two projects of 20-MW and 10-MW capacities are being developed by Mahindra Solar One, the remaining 20-MW project lies with our partner Kiran Energy.”