CESC awards 600 MW wind-solar hybrid power supply PPAs to four entities in India

Type: Ppa · Technology: Hybrid · Country: India · Capacity: 600 MW · Announced: 2026-03-20

CESC Limited, an Indian power utility, has issued four Letters of Award for the long-term supply of 600 MW of wind-solar hybrid power. Purvah Green Power Private Limited secured a 300 MW award, while Vismaya Renewables India Project Private Limited, Hexa Climate Solutions Private Limited, and Sprng Energy Private Limited each received 100 MW. These power purchase agreements (PPAs) will remain in force for 25 years, ensuring a stable energy supply. The tariff for Purvah Green Power, Hexa Climate Solutions, and Sprng Energy is fixed at INR 3.75 per kWh, with Vismaya Renewables awarded at INR 3.74 per kWh. Purvah Green Power is a subsidiary of CESC, and its 300 MW award was treated as a related-party transaction conducted on an arm’s length basis. This transaction supports India's renewable energy goals and enhances CESC's power procurement portfolio.

Analysis

CESC Limited awarded four long-term power purchase agreements for 600 MW of wind-solar hybrid power to Purvah Green Power Private Limited, Vismaya Renewables India Project Private Limited, Hexa Climate Solutions Private Limited, and Sprng Energy Private Limited. Purvah Green Power Private Limited, a subsidiary of CESC Limited, received a 300 MW award, while Vismaya Renewables, Hexa Climate Solutions, and Sprng Energy each received 100 MW. The PPAs have a term of 25 years, with tariffs set at INR 3.75 per kWh for Purvah Green Power, Hexa Climate Solutions, and Sprng Energy, and INR 3.74 per kWh for Vismaya Renewables. The transaction was announced on March 20, 2026, and the 300 MW award to Purvah Green Power was conducted as a related-party transaction on an arm’s length basis.

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Counterparties

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