Torrent Power commissions 322 MWp farm-feeder solar portfolio in Nashik

Torrent Green Energy Private Limited, the wholly owned renewable-energy subsidiary of Torrent Power Ltd, has commissioned 322 MWp of ground-mounted decentralised Solar projects across Maharashtra’s Nashik district under the Mukhyamantri Saur Krushi Vahini Yojana, or MSKVY, 2.0.

The projects have been developed at 50 locations across 14 talukas and fall under Component-C of the PM-KUSUM scheme, which focuses on solarisation of agricultural feeders. Electricity generated from the portfolio will be supplied to Maharashtra State Electricity Distribution Company Ltd, or MSEDCL, under a 25-year power purchase agreement.

The commissioning is notable for its dispersed project structure. Rather than relying on a single large solar park, Torrent has developed generation assets closer to agricultural demand centres across Nashik. This is intended to enable local supply to rural feeders during daytime, when agricultural pumping demand is typically high, while reducing distribution losses and pressure on the grid.

For perspective, the 322 MWp portfolio is equivalent to nearly 30 per cent of Torrent Power’s 1,092 MWp operational solar capacity disclosed as of June 30, 2026. It is also equal to about 15 per cent of the company’s combined operational wind and solar portfolio of 2,072 MWp at that date, underlining the scale of the Nashik development within its renewable business.

The project also strengthens Torrent’s presence in Maharashtra, where it has been pursuing wind, solar, storage and transmission opportunities. The company’s June-quarter investor presentation had indicated a renewable portfolio target of around 6.25 GWp, supported by solar and wind projects under development, utility contracts, captive distribution requirements, commercial and industrial projects, and merchant capacity.

Long-term utility PPAs are strategically important for renewable developers because they provide greater revenue visibility than merchant power sales. In this case, the 25-year MSEDCL contract links the assets to Maharashtra’s agricultural-power supply programme and reduces exposure to short-term electricity-market volatility.

Execution across 50 separate sites required coordination on land acquisition or leasing, grid connectivity, local permissions, engineering and Construction activity. Such decentralised feeder-solarisation projects can face site-specific constraints, particularly relating to land suitability and evacuation infrastructure, even though their location closer to demand centres can improve local network efficiency once operational.

‘The project stands as a testimony to the collaborative efforts of MSEDCL, local administration, landowners, project partners, contractors, and the dedicated team of Torrent,’ said Jigish Mehta, Whole-Time Director of Torrent Power. ‘This milestone reinforces Torrent’s commitment to supporting India's clean energy transition while empowering the agricultural sector with reliable and sustainable daytime electricity supply.’

Torrent Power is in an investment-led expansion phase across renewables, transmission, pumped storage, distribution and thermal generation. In the latest reported quarter, the company posted net sales of Rs 8,124.15 crore, up 2.75 per cent year-on-year, while PBIDT rose 3.7 per cent to Rs 1,537.93 crore. Profit after Tax, however, declined 10.75 per cent year-on-year to Rs 661.85 crore.

The Nashik commissioning adds operating renewable capacity with contracted offtake at a time when Torrent is seeking to scale its clean-energy portfolio while retaining its regulated distribution and conventional generation businesses. The commercial contribution from the new assets will depend on generation performance, grid availability and timely billing under the MSEDCL agreement.

Disclaimer: The article is for informational purposes only and not investment advice.