Mahindra Susten has announced entering into a partnership with Japan-based Mitsui & Co to jointly develop and operate solar power generation projects in India.
A player in the Indian solar energy sector, the Mahindra Group firm will continue to hold 51 per cent stake in Marvel Solren Private Ltd, with Mitsui holding the balance equity, said a statement.
Marvel currently operates four distributed solar projects in India with a combined capacity of 16MW that help private clients reduce their carbon footprint, it added.
They aim to expand the business to 150MW by 2023.
This is a Syndicate News-Feed