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Showing Result for Tag #Renewable Energy
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 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.
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