Mahindra & Mahindra (M&M) is adopting a 58 MWp captive solar plant at Parbhani, Maharashtra, which will generate 100 million units of power annually from 2022.
The solar plant will be set up on a built, owned, and operated basis (for a period of 25 years) by ReNew Sunlight Energy Private Limited, a wholly-owned subsidiary of ReNew Power Private Limited. The project will increase M&M’s renewable power share from 12 per cent to 56 per cent across its facilities in Maharashtra, including Mumbai, Nashik, Pune, Igatpuri and Nagpur.