Solar engineering, procurement, and construction company Mahindra Susten, the clean-tech arm of the Mahindra Group, has commissioned 560 MW of utility-scale solar capacity in 2025. The commissioned capacity comprises two projects, each with 280 MW, located in Gujarat and Rajasthan.

The projects represent the first batch of assets developed and commissioned by the company after the sale of 1.54 GW of renewable assets in 2024 to Sustainable Energy Infra Trust, an infrastructure investment trust (InvIT) co-sponsored by Mahindra Susten, in line with its capital-light business strategy.

The two solar projects supply power to Gujarat and Rajasthan utilities under 25-year power purchase agreements.

In December 2024, Mahindra Susten closed a financing deal worth ₹14.48 billion (~$170.6 million) with HDFC Bank and Axis Bank for the two projects.

The company has deployed N-Type TOPCon bifacial solar modules combined with high-efficiency inverters across both projects. The projects also incorporate dry-cleaning solutions and optimized balance-of-system configurations to maximize energy yield throughout the asset life cycle. Power evacuation is carried out through 220 kV substations.

The project is expected to generate nearly 1,000 million units of electricity annually. Construction and installation involved approximately 12,400 tons of steel, around 2,600 kilometers of cabling, and nearly 1 million solar modules.

Mahindra Susten currently has 2.1 GW of executed projects and 3.5 GW of projects under development. The company’s operations extend beyond solar power to include hybrid renewable solutions, energy storage, and battery energy storage systems.

Before transitioning to an IPP-led model, Mahindra Susten had delivered 4.8 GW of renewable energy projects globally.

Last October, Mahindra Susten achieved financial closure for its 45 MW solar power project in Bathinda, Punjab. The project, developed by Neon Hybren, a wholly-owned subsidiary of Mahindra Susten, secured financing of ₹1.4 billion (~$15.78 million) from the Export-Import Bank of India under Exim Bank’s sustainable finance program.