Maharashtra’s electricity regulator approved a significant renewable energy deal for Tata Power Distribution. The company will buy 250 MW of power from projects that mix solar or wind with battery storage.
Why does that matter? Simple. Regular renewable energy only works when the sun’s out or the wind’s blowing. These projects store excess power and release it later. So you get clean electricity that actually shows up when people need it.
Four Players, One Big Contract
The state ran a bidding war late last year and picked four winners. Tata Power Renewable Energy walked away with 80 MW — the biggest slice. Juniper Green Energy got 70 MW. Navayuga Engineering and ACME Solar Holdings each landed 50 MW deals.
Pricing settled around ₹4.76 to ₹4.77 per unit. Not bad at all for reliable green power.
Some Drama Along the Way
Things got a little messy during bidding. The central government had strict rules about buying solar panels from specific Indian manufacturers. Then they loosened those rules midway through.
Tata Power jumped on this. They made sure bidders cut their prices to reflect the cheaper panel costs. This was a wise decision as it prevented developers from requesting additional payments in the future.
Meanwhile, Navayuga attempted to relocate its project from Andhra Pradesh to Maharashtra. They also wanted a better rate since they wouldn’t be shipping power across state borders anymore. Tata Power said no way. The regulator told them to figure it out themselves.
Looking Ahead
All four developers have a month to sign formal contracts. These agreements run for 25 years, so this power supply is locked in for the long haul.
Electricity should start flowing by 2027-28. For Maharashtra, it’s one more piece in building a cleaner grid without being unreliable.
