Torrent Power commissions 322 MWp solar projects in Maharashtra under MSKVY
- Torrent Green Energy commissions 322 MWp decentralized solar projects in Nashik
- Portfolio spans 50 locations across 14 talukas under MSKVY 2.0 scheme
- Power supplied to MSECL under a 25-year Power Purchase Agreement
- Projects aim to provide daytime electricity to farmers and reduce grid losses
*this image is generated using AI for illustrative purposes only.
Torrent Power has commissioned 322 MWp of decentralized solar projects in Nashik, Maharashtra, through its wholly owned subsidiary Torrent Green Energy Private Limited.
Project details
The commissioning marks the completion of ground-mounted solar installations developed across 50 locations spanning 14 talukas of the Nashik district. The projects operate under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 scheme, which facilitates feeder-level solarization under Component-C of the PM-KUSUM scheme.
| Parameter | Details |
|---|---|
| Project capacity | 322 MWp |
| Location | Nashik, Maharashtra |
| Scheme | MSKVY 2.0 / PM-KUSUM Component-C |
| Locations | 50 sites across 14 talukas |
| Off-taker | MSECL |
| PPA Tenor | 25 years |
Strategic significance
Power from the project will be supplied to Maharashtra State Electricity Distribution Company Limited (MSECL) under a 25-year Power Purchase Agreement. The initiative aims to provide daytime electricity to farmers, enhance grid efficiency, and reduce distribution losses by bringing clean energy generation closer to agricultural demand centers.
Jigish Mehta, Whole-Time Director of Torrent Power Ltd., stated that the milestone reinforces the company's commitment to India's clean energy transition while empowering the agricultural sector with reliable power supply.
Company context
Torrent Power is an integrated power utility with an aggregate operational generation capacity of 6.66 GWp. This includes 2.2 GWp of renewable capacity. The company also has approximately 4.56 GWp of renewable projects under construction.
Historical Stock Returns for Torrent Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.88% | +4.07% | -6.39% | -14.64% | +0.13% | +168.07% |
How will the 25-year PPA with MSECL impact Torrent Power's long-term revenue stability and cash flow projections?
What is the expected timeline for commissioning the remaining 4.56 GWp of renewable projects currently under construction?
How might the success of the MSKVY 2.0 scheme in Nashik influence Maharashtra's policy framework for future decentralized solar initiatives?
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