PVV Infra Limited has announced a major step into the renewable energy sector with a strategic investment in a 28 MW (AC) solar power project in Maharashtra. The company has signed a Letter of Intent (LOI) with Aqua Dynamic Green Energy Pvt. Ltd. to acquire a 49% equity stake, with plans to scale up to full ownership after the initial lock-in period.
The project, estimated at a cost of approximately ₹107.70 crore including GST, will be implemented under a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) as the off-taker. Entire financing will be undertaken by PVV Infra.
The solar plants will be spread across Buldhana district, including sites at Dasarkhed (10 MW), Fuly (5 MW), Harsoda (5 MW), and Kinhola (8 MW). Land acquisition, substation connectivity, and statutory approvals are already in place, with commercial operations targeted for FY 2026–27.
From a financial perspective, the company expects the project to deliver immediate earnings accretion, generating stable revenues from the first full year of operations. PVV Infra has also outlined a roadmap to expand its renewable portfolio beyond 100 MW within the next three years.
On the sustainability front, the project is projected to supply clean power to nearly 45,000 households annually while reducing about 65,000 tons of CO₂ emissions each year. The initiative significantly boosts the company’s ESG profile, aligning with India’s clean energy transition goals.
Backed by a secure long-term PPA framework, PVV Infra’s investment is set to deliver predictable cash flows and enhance shareholder value, marking a strong entry into the solar energy space.
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