Torrent Power Launches 322 MWp Solar Projects in Nashik

's wholly-owned subsidiary, Torrent Green Energy Private Limited, has commissioned 322 MWp of ground-mounted decentralized solar power projects in Nashik, Maharashtra. Developed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 framework, the power will be supplied to MSEDCL under a long-term 25-year Power Purchase Agreement. The commissioning of these decentralized solar projects underlines Torrent Power's ability to execute complex, multi-site infrastructure projects. By integrating solar energy at the feeder level, Torrent is addressing rural power challenges while building a highly predictable cash-flow profile through long-term utility-backed PPAs. Although near-term profits in Q1 FY27 were weighed down by higher borrowing costs and thermal asset pressures, the continuous commissioning of renewable assets like the Nashik solar portfolio is crucial for long-term margin improvement and portfolio decarbonization. Torrent Power's multi-site solar execution in Nashik marks a significant milestone in agricultural energy transition. Despite near-term earnings headwinds from legacy and acquired thermal integrations, the expansion of its high-visibility, long-contract renewable portfolio positions Torrent as a key beneficiary of India's utility-scale clean energy transition. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.