Infrastructure and renewable energy player PVV Infra has announced the receipt of two major solar power contracts worth ₹799 crore, strengthening its foothold in India’s clean energy landscape.
The company’s renewable energy arm, PVV EVTech, has signed a 25-year Power Purchase Agreement (PPA) with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to develop a 100 MW solar power project across multiple sites in Baghpat and Moradabad districts. This project, undertaken in joint venture with Nacof Oorja, carries an estimated cost of ₹384 crore and is expected to generate annual revenue of about ₹53 crore.
In a parallel development, PVV Housing, another subsidiary of PVV Infra, secured an EPC (Engineering, Procurement, and Construction) contract for a 109 MW solar power project in the same region, also in collaboration with Nacof Oorja. The project’s estimated value stands at ₹415 crore, marking a significant addition to the company’s expanding renewable energy portfolio.
The combined project capacity of 209 MW underscores PVV Infra’s strategic shift toward long-term renewable ventures, reinforcing its role as a key contributor to India’s solar mission.
Following these developments, the company’s Board of Directors approved a strategic expansion model through Special Purpose Vehicles (SPVs). Under this model, projects will be executed via subsidiary companies segmented by geography and business vertical. The structure aims to enhance operational efficiency, improve risk management, and enable focused execution of large-scale solar initiatives.
With India targeting 500 GW of renewable capacity by 2030, PVV Infra’s latest orders mark a decisive move toward aligning corporate growth with national sustainability goals.
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