Urdhvaga Renewables India Project (UPC Renewables) won SJVN’s auction to set up a 120 MW wind project

Development Onshore Wind announced India Mar 3, 2026

120 MW

Capacity

development

Stage

Urdhvaga Renewables India Project (UPC Renewables) won an auction from SJVN to develop a 120 MW interstate transmission system-connected wind project.

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Counterparts (2)

Partner

SJVN

company

SJVN Limited is a leading Indian public sector undertaking primarily engaged in the generation and transmission of hydroelectric power. The company is actively diversifying its portfolio into other renewable energy sources like solar and wind, as well as thermal power, with ambitious targets for capacity expansion across India and neighboring countries.

Developer

UPC Renewables

company · 1 deals

UPC Renewables is a global renewable energy developer focused on wind and solar projects. They develop, finance, construct, and operate renewable energy projects across Asia-Pacific and other regions.

Deal Analysis

Urdhvaga Renewables India Project (UPC Renewables) won an SJVN auction to develop a 120 MW interstate transmission system-connected onshore wind project in India, announced 2026-03-03. This development involves UPC Renewables, a global renewable energy developer, partnering with SJVN Limited, a leading Indian public sector undertaking.

Developer: UPC Renewables (Urdhvaga Renewables India Project)
Partner: SJVN Limited
Capacity: 120 MW onshore wind in India
Announced: 2026-03-03

Source Intelligence

KEY DETAILS

The project is an interstate transmission system-connected wind project. Quote: "Urdhvaga Renewables India Project (UPC Renewables) ... won SJVN’s auction to set up 600 MW interstate transmission system-connected wind projects."

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Capacity

Urdhvaga, and Adyant each quoted a tariff of ₹3.64 (~$0.0398)/kWh to win 300 MW, 120 MW, and 110 MW, respectively.

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Location

Urdhvaga Renewables India Project (UPC Renewables) ... won SJVN’s auction to set up 600 MW interstate transmission system-connected wind projects.

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PPA Details

KPI Green, Urdhvaga, and Adyant each quoted a tariff of ₹3.64 (~$0.0398)/kWh to win 300 MW, 120 MW, and 110 MW, respectively.

PARTIES MENTIONED IN SOURCE

Urdhvaga Renewables India Project (UPC Renewables) developer

"KPI Green Energy, Urdhvaga Renewables India Project (UPC Renewables), Adyant Enersol (Datta Infra), and Lambent Energy (Eight) won SJVN’s auction to set up 600 MW interstate transmission system-connected wind projects."

SJVN buyer

medium quality Enriched Mar 8, 2026

Timeline

Announced

Mar 3, 2026

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.mercomindia.com

View Full Deal Details

Urdhvaga Renewables India Project (UPC Renewables) won SJVN’s auction to set up a 120 MW wind project

Counterparts (2)

Deal Analysis

Source Intelligence

Timeline

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