Archive · 30 May 2025
NIRL and Mahapreit Partner for Renewable Energy in Maharashtra
Imagine two companies teaming up to build lots of clean energy projects in Maharashtra!
NLC India Renewables Limited (NIRL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have signed an agreement.
They plan to create a new company to build solar and wind farms, and more, to produce clean energy.
NIRL will handle project reports and financing, and Mahapreit will help find land.
The goal is to generate a lot of power from renewable sources, contributing to the country's green energy goals.
This collaboration is supported by the government and will involve selling the power to various entities.
NIRL signed a joint venture agreement with MAHAPREIT to develop renewable energy projects.
The collaboration aims to develop up to 2,000 MW of renewable energy projects in Maharashtra.
The initial focus will be on 500 MW in the first phase.
NIRL will hold 74% equity, and Mahapreit will hold 26% in the Joint Venture Company.
The projects will include solar, wind, hybrid, and battery storage systems.
- Who
- NLC India Renewables Limited (NIRL) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT)
- What
- A joint venture agreement to develop renewable energy projects, including solar, wind, and battery storage systems.
- When
- May 30, 2025
- Where
- Maharashtra
- Why
- To accelerate India’s renewable energy goals and promote green energy.
- Partners
- NIRL and Mahapreit
- Project Type
- Renewable energy projects
- Capacity (Initial)
- 500 MW
- Capacity (Planned)
- 2,000 MW
- Equity Structure
- NIRL (74%), Mahapreit (26%)
- Location
- Maharashtra