The Project involves development of a hybrid renewable energy generation plant that consists of 250 MW wind power capacity, 435 MW solar power capacity and a 415 MWh battery energy storage system (“BESS”). The Project is designed to deliver electricity round the clock, as required by the electricity grid in India. The BESS equipped can be charged by excess power during non-peak hours, the overall combination of wind, solar and BESS capacity ensures the Project to deliver the required 300 MW PPA capacity during peak periods.

To support India energy transition through expansion of renewable energy sources capacity and reduction of reliance on fossil fuels.

The solar plant will be built on a fixed-price turnkey basis by ReNew Wind Energy (Jamb) Private Limited, as EPC contractor. Construction commenced in November 2025 and the plant shall reach full commercial operation by October 2026.

Project has been categorized as Category B in line with NDB’s Environment and Social Framework. The Project’s E&S risks are rated as ‘medium’ due to land use change, localized topography alterations, and operation phase potential impacts on avian species due to collision and electrocution, and noise and shadow flickering impact. No involuntary resettlement or impact on indigenous people was identified.

The Project’s E&S risks will be mitigated by adhering to the ESMS of the holding company, implementing the measures outlined in the E&S impact assessments completed for the Project, and enhanced mitigation measures provided in the environmental and social common action plan, prepared to ensure Project compliance with the E&S requirements of international lenders including NDB.

The estimated total Project cost: INR 52.91 billion (USD 601 million equivalent). NDB’s senior secured loan of up to INR 13.2 billion (USD 150 million equivalent), with balance debt provided by Asian Development Bank (ADB), Asian Investment Infrastructure Bank (AIIB) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG).