Deals Counterparts

Saatvik Green Energy incorporates Saatvik Power Storage Solutions to develop battery energy storage systems

Partnership Storage announced India Mar 13, 2026
20 GW
Capacity
development
Stage

Saatvik Green Energy incorporated Saatvik Power Storage Solutions to deploy over 500 MW of grid-scale lithium-ion battery energy storage systems across India. This strategic move targets India's rapidly expanding.

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Deal Analysis

Saatvik Green Energy has strategically incorporated Saatvik Power Storage Solutions, a wholly owned subsidiary, to aggressively pursue 20 GW of battery energy storage capacity across India over the next five years. This new entity will develop and deploy systems for utility-scale, commercial, industrial, residential, and distributed renewable energy applications, supporting grid stability and renewable integration. The initiative involves a partnership with the existing Haridwar-based Saatvik Power Storage Solutions, a division of Saatvik Solar, which already manufactures integrated battery energy storage systems. This collaboration allows the New Delhi-based solar PV developer to leverage established manufacturing capabilities for its ambitious expansion into the storage market.
  • Ambitious target of 20 GW energy storage capacity within five years.
  • Saatvik Green Energy, a solar PV developer established in 2015, is expanding into battery energy storage systems.
  • The newly incorporated wholly owned subsidiary, Saatvik Power Storage Solutions, shares its name with an existing 'partner' entity, a division of Saatvik Solar.
  • The new entity will address a comprehensive range of applications: utility-scale, commercial & industrial, residential, and distributed renewable energy.

Source Intelligence

KEY DETAILS

Saatvik Power Storage Solutions is a wholly owned subsidiary of Saatvik Green Energy. The new entity will focus on developing and deploying battery energy storage systems for utility-scale, commercial & industrial, residential, and distributed renewable energy applications. The subsidiary plans to explore opportunities over the next five years, supporting grid stability and renewable integration across key markets. Quote: "Saatvik Green Energy has incorporated a wholly owned subsidiary, Saatvik Power Storage Solutions." Quote: "The newly formed entity will focus on the development and deployment of battery energy storage systems for utility-scale, commercial & industrial, residential and distributed renewable energy applications." Quote: "The subsidiary plans to explore opportunities in 20 GW of energy storage capacity over the next five years, supporting grid stability and renewable integration across key markets."

Deal Size
The subsidiary has been incorporated with an authorised capital of INR 10,00,000 divided into 1,00,000 equity shares of INR 10 each, with 100% shareholding held by Saatvik Green Energy.
Capacity
The subsidiary plans to explore opportunities in 20 GW of energy storage capacity over the next five years, supporting grid stability and renewable integration across key markets.
Location
Saatvik Green Energy, a fully integrated renewable energy company, has announced the incorporation of its wholly owned subsidiary, Saatvik Power Storage Solutions, in India.
Financials
The subsidiary has been incorporated with an authorised capital of INR 10,00,000 divided into 1,00,000 equity shares of INR 10 each, with 100% shareholding held by Saatvik Green Energy.
Announcement
March 13, 2026
PARTIES MENTIONED IN SOURCE
S
Saatvik Green Energy developer

"Saatvik Green Energy has incorporated a wholly owned subsidiary, Saatvik Power Storage Solutions."

S
Saatvik Power Storage Solutions developer

"Saatvik Green Energy has incorporated a wholly owned subsidiary, Saatvik Power Storage Solutions. The newly formed entity will focus on the development and deployment of battery energy storage systems"

high quality Enriched Mar 13, 2026

Timeline

Announced
Mar 13, 2026
Signed
Closed

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