Mahindra Susten forays into ‘Hybrid’ Renewable Energy (RE) segment with a ‘solar + wind’ project

To invest ₹ 1200 Crore to set up 150MW hybrid capacity

Mahindra Group and Ontario Teachers’ co-sponsor India’s largest renewable energy listed InvIT* with offer size of INR 2262.8 Crore (USD 273 Million)

Mumbai, January 15, 2024: Mahindra Group, a leader in farm equipment, utility vehicles, information technology and financial services businesses in India, and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), a leading global institutional investor, through their associates have co-sponsored an Infrastructure Investment Trust (InvIT) holding assets in the renewable energy space. The InvIT, ‘Sustainable Energy Infra Trust’ (SEIT), is India’s largest InvIT in the renewable energy space*.

Mahindra Susten achieves ‘Water Positive Certification’ for 100% operating portfolio

Demonstrates commitment to being a responsible green power producer

Mumbai, January 10, 2024: Mahindra Susten, a leading renewable Independent Power Producer (“IPP”) with in-house expertise in engineering, procurement, and construction ("EPC"), is pleased to announce that it has been awarded the prestigious ‘Water Positive Verification’ certificate for its 100% operating portfolio for the assessment year FY23.

Mahindra Group and Ontario Teachers’’ to form a strategic partnership in the renewable energy space

Mumbai, September 17, 2022: Mahindra Group and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) announced today a strategic partnership to capitalise on the growing renewables opportunity in India and contribute towards the country’s decarbonisation ambitions. The parties have signed binding agreements pursuant to which Ontario Teachers’ will acquire a 30% equity stake in Mahindra Susten Private Limited (“Mahindra Susten”) at an equity value of INR 2,371 crore (~USD 300 million).

Mahindra Group announces appointment of Deepak Thakur as Managing Director and CEO of Mahindra Susten

In this role, Deepak will oversee the Renewable Businesses, comprising Mahindra Solarize and Mahindra TEQO apart from Mahindra Susten. He will be reporting to Dr. Anish Shah, Managing Director and CEO, Mahindra Group.

Mahindra Launches 'TEQO' - Asset Optimization Solution for Global Renewables Industry

Mumbai, June 12, 2019: Mahindra Partners, the USD 1 billion Private Equity division of the Mahindra Group, today launched TEQO, a technology driven asset care company that offers optimization solutions for renewable energy customers in India and globally. Mahindra Partners currently manages the Group’s cleantech division, including Mahindra Susten, which is India’s leading solar EPC company.

Susten and Mitsui to co-invest in Distributed Solar Power Projects

Mumbai, June 3, 2019: Mahindra Susten, a leading player in the Indian solar energy sector, has entered into a partnership with Mitsui & Co., Ltd of Japan to jointly develop and operate distributed solar power generation projects in India. Mahindra Susten will continue to hold 51% stake in Marvel Solren Private Limited (“Marvel”), with Mitsui holding the balance equity.