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About Mahindra Solar Vision:-
Mahindra Susten Pvt. Ltd., formerly Mahindra EPC Services Pvt. Ltd., is part of the USD 19 billion Mahindra Group. A portfolio company under the Cleantech arm of Mahindra Partners, offer solar solutions spanning On-Grid solutions, EPC (Engineering, Procurement, and Construction) and Off-Grid Product solutions. In April 2013, Mahindra EPC had its 20 MW solar power project at Bikaner enlisted in the Ministry of New and Renewable Energy's - MNRE (India) merit list for early commissioning for Phase-I, Batch II of the National Solar Mission. On 2 February 2015, the company was renamed Mahindra Susten. Susten is derived from the words sustainability and Enabler.
CLP entered the Indian market in 2002 and since then has built a portfolio consisting of wind, solar, coal and gas assets with a total equity generation capacity of 1842 MW as of 30 June 2019. CLP India, a big investor in the country's power sector, has emerged as the frontrunner to buy a part of Mahindra Susten's solar power portfolio, sources with knowledge of the matter told Moneycontrol. Mahindra Susten is the renewable energy arm of the $20 billion Mahindra & Mahindra Group and the estimated enterprise value of the select solar assets on the block is between Rs 2,000-3,000 crore, sources said. CLP India is currently in advanced negotiations with Mahindra Susten for buying select assets of its domestic solar portfolio but a term-sheet hasn't been signed as yet. M&M is more of an EPC player and not a developer. Their model is to build portfolios, sell them and churn capital," one of the sources cited above told Moneycontrol. It is a good quality portfolio that is up for sale. CLP India predominantly has a wind focused portfolio, hence they are keen on this deal to diversify. CDPQ has the capital and wants them to expand," added another source familiar with the proposed transaction.
Getting the country ready for the future:-
Mahindra Susten Pvt. Ltd., formerly Mahindra EPC Services Pvt. Ltd., is part of the USD 19 billion Mahindra Group. A portfolio company under the Cleantech arm of Mahindra Partners, offer solar solutions spanning On-Grid solutions, EPC (Engineering, Procurement, and Construction) and Off-Grid Product solutions. In April 2013, Mahindra EPC had its 20 MW solar power project at Bikaner enlisted in the Ministry of New and Renewable Energy's - MNRE (India) merit list for early commissioning for Phase-I, Batch II of the National Solar Mission. On 2 February 2015, the company was renamed Mahindra Susten. Susten is derived from the words sustainability and Enabler.
CLP entered the Indian market in 2002 and since then has built a portfolio consisting of wind, solar, coal and gas assets with a total equity generation capacity of 1842 MW as of 30 June 2019. CLP India, a big investor in the country's power sector, has emerged as the frontrunner to buy a part of Mahindra Susten's solar power portfolio, sources with knowledge of the matter told Moneycontrol. Mahindra Susten is the renewable energy arm of the $20 billion Mahindra & Mahindra Group and the estimated enterprise value of the select solar assets on the block is between Rs 2,000-3,000 crore, sources said. CLP India is currently in advanced negotiations with Mahindra Susten for buying select assets of its domestic solar portfolio but a term-sheet hasn't been signed as yet. M&M is more of an EPC player and not a developer. Their model is to build portfolios, sell them and churn capital," one of the sources cited above told Moneycontrol. It is a good quality portfolio that is up for sale. CLP India predominantly has a wind focused portfolio, hence they are keen on this deal to diversify. CDPQ has the capital and wants them to expand," added another source familiar with the proposed transaction.
Getting the country ready for the future:-
- With a cumulative figure of 3200 MWp under various stages of execution, we are the leading player in the Indian solar energy sector.
- We are powering the future every day as we offer our innovative solutions right from MW size solar plants to 50 KW solar generators.
- Our team is dedicated to building an efficient world by implementing energy-efficient solutions into the routine of the common man.
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