PVV Infra, a company specializing in rooftop solar installations, has announced a deal to acquire a 49 percent stake in Aqua Dynamics Green Energy, which has been allocated a 37 MW solar power generation project by the Maharashtra State Electricity Distribution Company (MSEDCL).
Under the terms of the agreement, PVV Infra will secure the remaining 51 percent stake upon the successful completion of the project.
The initiative aims to construct a 37 MW (AC) solar power facility under a long-term Power Purchase Agreement with MSEDCL. The total investment for this project will amount to ₹138 crore.
The project has already secured the necessary land, and development is currently in progress. It is expected to be completed by next March, with commercial operations and revenue generation anticipated to begin in April 2026. Designed for long-term sustainability, the project is projected to generate stable revenues for over 25 years and contribute significantly to India’s renewable energy goals, as stated by the company.
This initiative highlights PVV Infra’s dedication to establishing a sustainable and future-focused portfolio, in line with India’s objective of reaching 500 GW of renewable energy capacity by 2030, the company added.
Published on September 15, 2025
