PVV Infra Ltd., a company primarily engaged in rooftop and ground-based solar power installations, has secured two significant solar power projects in Uttar Pradesh, collectively valued at ₹799 crore.
These projects are expected to bolster the company’s renewable energy portfolio and contribute to its long-term revenue streams.
The first project involves a 100 MW solar power initiative under a 25-year Power Purchase Agreement (PPA) with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). PVV EVTech Private Ltd., a subsidiary of PVV Infra, will undertake this project in collaboration with Nacof Oorja Pvt Ltd. The estimated project cost is approximately ₹384 crore, with an anticipated annual revenue of ₹53 crore over the contract’s duration.
The second project comprises a 109 MW solar power development for which PVV Housing Private Ltd., another subsidiary of PVV Infra, has secured an Engineering, Procurement, and Construction (EPC) contract. This project, also in partnership with Nacof Oorja Pvt Ltd, is valued at around ₹415 crore.
In addition to these projects, PVV Infra’s board has approved a strategic decision to expand its presence in the renewable energy sector through Special Purpose Vehicles (SPVs). This approach aims to enhance operational efficiency, mitigate risks, and allow for focused execution of projects by geography and business verticals, such as Power Development and EPC.
These developments underscore PVV Infra’s commitment to diversifying its energy portfolio and contributing to India’s renewable energy goals. The company’s strategic initiatives are poised to strengthen its position in the growing renewable energy market.
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