Madhav Solar Energy Limited has announced a significant milestone in its renewable energy portfolio with the signing of a 120 MW Power Purchase Agreement (PPA) between its subsidiary, PPJ Solar Private Limited, and Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The agreement marks another important step in Madhav Solar Energy’s efforts to expand its clean energy portfolio and contribute to Maharashtra’s transition towards renewable power. The 120 MW project is expected to support the growing demand for clean electricity while reducing dependence on conventional energy sources.
PPJ Solar Private Limited, a subsidiary of Madhav Solar Energy Limited, will be responsible for advancing the project under the terms of the PPA. The agreement with MSEDCL strengthens the company’s position in the renewable energy sector and reflects the increasing role of solar power in meeting India’s long-term energy requirements.
The addition of 120 MW of renewable capacity is expected to contribute to a lower-carbon electricity ecosystem, providing clean power for businesses, industries and communities. The development also aligns with the broader growth of solar energy adoption across Maharashtra, where renewable power is playing an increasingly important role in supporting energy security and sustainability.
For Madhav Solar Energy, the PPA represents a further expansion of its renewable energy activities and reinforces its focus on developing long-term clean energy assets. The company has highlighted its vision of combining renewable power generation with energy security, environmental sustainability and long-term value creation.
With the latest 120 MW agreement, Madhav Solar Energy continues to strengthen its presence in India’s evolving renewable energy landscape and contribute to the country’s broader clean energy transition.
