Continuum Wind Energy
Continuum Green Energy is an India-incorporated independent power producer operating approximately 4.7 GWp of wind, wind-solar hybrid, and storage projects, supplying green power to over 170 commercial and industrial consumers plus state utilities under long-term PPAs.
- Company typePrivate
- Founded2007
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Continuum Wind Energy does
Continuum Green Energy Limited is an India-incorporated independent power producer (IPP) focused on renewable energy generation through wind, wind-solar hybrid, and storage projects. Founded in 2007, the company operates a portfolio of approximately 4.7 GWp comprising roughly 2.72 GWp operational, 0.90 GWp under construction, and 1.08 GWp under development across Indian states including Gujarat, Tamil Nadu, Madhya Pradesh, Rajasthan, and Karnataka. The company was originally incorporated as Continuum Green Energy Private Limited, converted to a public limited company in 2022, and has since filed a Draft Red Herring Prospectus with SEBI in December 2024 for a planned IPO.
The company generates revenue primarily by selling green electricity to commercial and industrial (C&I) consumers via long-term power purchase agreements (PPAs), with secondary sales channels to state and central distribution utilities and Indian power exchanges (IEX, PXIL). Pricing is structured either as an agreed discount to variable tariff via the Open Access mechanism, or at regulated tariffs plus the Generation Based Incentive (GBI). The C&I segment constitutes the majority of operational and under-construction capacity, with more than 170 diversified, high-credit-quality consumers spanning manufacturing, chemicals, automotive/tyres, cement, paper, and petrochemicals — no single industry accounts for more than 25% of total contracted C&I capacity. The company also monetizes renewable energy certificates and merchant power on exchanges where physical supply is not possible.
The capital structure combines equity from a holding company (Continuum Green Energy Holdings Limited), primary equity from Just Climate's affiliate JC Infinity (B) Limited, debt from domestic banks and financial institutions (SBI, IREDA, IIFCL, ICICI, IndusInd), credit funds (Orion Credit Capital, Keppel Credit/Pierfront), IFC, and $650 million of 9-year Senior Secured Notes issued by subsidiaries in June 2024. A strategic equity stake of approximately 15% was agreed to be sold to Japan's Chubu Electric Power in 2026 at a valuation exceeding $1 billion. Turbine procurement is diversified across GE Renewable Energy, Vestas, Senvion India, and Inox Wind.
Continuum Wind Energy firmographics
Firmographics- Name
- Continuum Wind Energy
- Legal name
- Continuum Green Energy Limited
- Website
- https://continuumenergy.in
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Continuum Green Energy is an India-incorporated independent power producer operating approximately 4.7 GWp of wind, wind-solar hybrid, and storage projects, supplying green power to over 170 commercial and industrial consumers plus state utilities under long-term PPAs.
- Ownership category
- akta.pro rank
Continuum Wind Energy industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)
- akta.pro secondary industries
- C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE), REC/GO Retail Supply & Green Tariffs (Bundled/Unbundled) (EUAMAKAF), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
Keywords
Where Continuum Wind Energy is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Continuum Wind Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Others
Revenue model
- Power Sales to C&I Consumers: Sale of green electricity to commercial and industrial consumers via long-term power purchase agreements (PPAs), priced at agreed discount per kWh to variable tariff or at generation meter, with sharing of electricity tariff variations and Open Access charges/losses between parties
- Power Sales to Distribution Utilities: Sale of green power to state and central distribution utilities at regulated tariffs
- Power Exchange Sales: Sale of electricity from projects on electricity exchanges, particularly where physical supply is not possible
- Green Attributes/RECs: Sale of green attributes (renewable energy certificates) of electricity produced to C&I consumers where physical supply is not possible
- Senior Secured Notes: In June 2024, subsidiaries issued US$ 650 million of 9-year Senior Secured Notes listed on Global Securities Market of India International Exchange (IFSC) Limited
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Morjar-1 Wind Project - Merchant tariff |
| Subscription | Multi-year contract | Ratlam-1 Wind Project - Utility tariff with GBI |
| Subscription | Multi-year contract | Bothe Wind Project - Utility tariff with GBI |
| Usage-based | Pay-as-you-go | Surajbari-1 Wind Project - C&I tariff |
| Usage-based | Pay-as-you-go | Surajbari-2 Wind Project - C&I tariff |
| Usage-based | Pay-as-you-go | Rajkot Wind-Solar Hybrid Project - C&I tariff |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Continuum Wind Energy product offering
Product offeringCore offering
Continuum Green Energy Limited is an independent power producer that develops, owns, and operates wind, wind-solar hybrid, and storage renewable energy projects across India with a portfolio of approximately 4.7 GWp (~2.72 GWp operational, ~0.90 GWp under construction, ~1.08 GWp under development). The company generates electricity and supplies green power primarily to commercial & industrial (C&I) consumers through long-term power purchase agreements (PPAs), in addition to sales to state and central distribution utilities and Indian power exchanges.
Product overview
Continuum Green Energy is an independent power producer offering a portfolio of renewable energy solutions comprising wind power projects, wind-solar hybrid projects, and storage projects. The company supplies green power primarily to commercial & industrial (C&I) consumers, with additional sales to state and central distribution utilities and power exchanges. The portfolio totals approximately 4.7 GWp with ~2.72 GWp operational, ~0.90 GWp under construction, and ~1.08 GWp under development. Projects span multiple states including Gujarat, Tamil Nadu, Madhya Pradesh, and Rajasthan.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Power Projects Utility-scale wind energy generation projects that produce and supply green electricity to commercial & industrial (C&I) consumers and distribution utilities across India. The portfolio includes operational wind farms such as Surajbari-1 (16.50 MW), Surajbari-2 (18 MW), Bothe (199.70 MW), Ratlam-1 (170 MW), Morjar-1 (148.50 MW), Dayapar-1 (126 MW), and others.
- Wind-Solar Hybrid Projects Combined wind and solar generation facilities designed to maximize capacity utilization and provide reliable renewable energy supply to C&I consumers. Includes projects such as Periyapatti (226.80 MW), Rajkot WSH (394.30 MW), Ratlam-2 (250 MW), Dalavaipuram (272.40 MW), Bhavnagar (300.80 MW), Kalvad-1 (164.80 MW), Morjar-2 (79.70 MW), Dalavaipuram-2 (61.25 MWp solar), Rajkot-4 (34.9 MWp solar), Kalvad-2&3 (341.70 MW), Dangri-1&2 (375 MW), Kudligi (132.26 MW), and Toravi (182.84 MW). These hybrid projects are designed to be convertible to wind-solar-storage hybrid facilities over time.
- Storage Projects Battery energy storage systems integrated with wind-solar hybrid projects to enhance grid stability, firm up intermittent renewable output, and enable round-the-clock (RTC) renewable energy supply to C&I consumers.
- Green Power Supply to Commercial & Industrial (C&I) Consumers via Long-Term PPAs Long-term contracted green power supply service to more than 170 diversified, high credit quality C&I consumers across manufacturing, chemicals, automotive/tyres, paper, cement, and petrochemicals industries, priced at agreed discounts per kWh to variable tariff or at generation meter, with sharing of electricity tariff variations and Open Access charges/losses.
- Green Power Sales to State and Central Distribution Utilities Sale of generated renewable power to state electricity boards and central government distribution utilities at regulated tariffs, supplemented by Generation Based Incentive (GBI) where eligible (capped at INR 10 million per MWp), helping utilities meet their Renewable Purchase Obligations.
- Merchant Power Sales on Indian Power Exchanges Spot/merchant sale of electricity from Continuum's renewable projects on Indian electricity exchanges (IEX, PXIL), used to optimize the power portfolio and sell excess generation where physical supply to a contracted C&I consumer or utility is not possible.
- Renewable Energy Certificates (RECs) / Green Attributes Sale of the green attributes / Renewable Energy Certificates (RECs) of electricity produced from Continuum's renewable projects to C&I consumers, used where physical supply of renewable power is not possible and buyers want to substantiate renewable energy consumption for ESG/reporting purposes.
Quantifiable outcome
- 12.3 million tons of CO2 emissions avoided since inception until March 2024
- +2 more outcomes
Companies that use Continuum Wind Energy
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Continuum Wind Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Continuum Wind Energy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered major and supporting.
- Senvion IndiamajorSenvion India confirmed 420 MW wind turbine order for 100 units of 4.2M160 turbine generators with deliveries starting April 2026. More than 85% of turbine components manufactured in India. Also received 121.5 MW order in early 2025.
- GE Renewables EnergymajorTurbine supplier for multiple projects including 218.7 MW for Dalavaipuram and Ratlam-2, 118.8 MW for Bhavnagar, 148.5 MW for Morjar, and 99.9 MW for Rajkot-3 projects.
- Inox WindmajorTurbine supplier for 250 MW Dayapar Project in Gujarat.
- VestasmajorTurbine supplier for Rajkot Project (101.2 MW in 2019) and Periyapatti Project (96 MW in 2017).
- Link Intime India Private LimitedsupportingRegistrar and Transfer Agent for IPO, located at C-101, 1st Floor, 247 Park, Mumbai.
Scale indicators31 records
Recent moves8 records
Expansion highlights5 records
Continuum Wind Energy competitors and assessment
Company assessmentRegional players
- Statkraft India: Indian arm of Norwegian state-owned hydropower and renewable major, developing wind and solar projects in India. Comparable as an IPP in the same geography with overlapping C&I/utility offtake.
Direct peers
- ReNew Energy Global: One of India's largest pure-play renewable IPPs, listed on Nasdaq, focused on wind and solar power generation with C&I and utility offtakers. Highly comparable to Continuum in technology mix, customer base, and Indian market focus.
- Adani Green Energy: India's largest renewable IPP with a multi-GW portfolio spanning wind, solar, and hybrid projects. While larger and more diversified, it directly competes with Continuum for C&I PPAs, project development sites, and capital in India.
- Tata Power Renewable Energy: Subsidiary of Tata Power with a multi-GW renewable portfolio including wind, solar, and hybrid projects. Comparable in serving C&I customers and utilities in India, with backing of a major corporate parent.
- Greenko Group: Major Indian renewable IPP focused on wind-solar-storage hybrid projects for round-the-clock supply. Closely comparable to Continuum's hybrid-plus-storage positioning and C&I-focused business model.
- JSW Energy: Indian energy major expanding into wind and solar generation alongside thermal assets. Competes with Continuum for project sites, capital, and C&I customers in India.
- Hero Future Energies: Promoter-driven Indian renewable IPP developing wind, solar, and hybrid projects for C&I and utility customers. Comparable in scale, technology mix, and India-centric focus to Continuum.
- Ayana Renewable Power: India-focused renewable IPP backed by NIIF and Eversource, developing utility-scale wind, solar, and hybrid projects. Directly comparable in C&I/utility offtake mix and Indian geography.
- AMP Energy India: India-focused renewable IPP developing wind, solar, and hybrid projects for C&I customers and utilities. Comparable scale, customer mix, and Indian market focus to Continuum.
Emerging players
- Suzlon Energy: India's leading wind turbine OEM with growing IPP/development operations, supplying turbines to Continuum's projects. Comparable in wind technology and Indian market, though primarily an equipment supplier.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Continuum Wind Energy social profiles
Digital presenceContinuum Wind Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Continuum Wind Energy leadership team
Management profileNumber of profiles
Profiles15 records
Continuum Wind Energy subsidiaries and ownership
Company hierarchySubsidiaries25 records
Continuum Wind Energy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Continuum Wind Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Continuum Wind Energy
What does Continuum Wind Energy do?
Continuum Green Energy Limited is an independent power producer that develops, owns, and operates wind, wind-solar hybrid, and storage renewable energy projects across India with a portfolio of approximately 4.7 GWp (~2.72 GWp operational, ~0.90 GWp under construction, ~1.08 GWp under development). The company generates electricity and supplies green power primarily to commercial & industrial (C&I) consumers through long-term power purchase agreements (PPAs), in addition to sales to state and central distribution utilities and Indian power exchanges.
Is Continuum Wind Energy a public or private company?
Continuum Wind Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Continuum Wind Energy founded?
Continuum Wind Energy was founded in 2007. It employs 101 to 250 people.
Where is Continuum Wind Energy based?
Continuum Wind Energy is headquartered in Singapore, Singapore, in the Asia region.
How does Continuum Wind Energy make money?
Five revenue lines are on record. Power Sales to C&I Consumers are the primary driver. The others are power Sales to Distribution Utilities, power Exchange Sales, green Attributes/RECs and senior Secured Notes.
Who are Continuum Wind Energy's main competitors?
Statkraft India is listed as a regional player. Direct peers are ReNew Energy Global, Adani Green Energy, Tata Power Renewable Energy, Greenko Group, JSW Energy, Hero Future Energies, Ayana Renewable Power and AMP Energy India. Suzlon Energy is listed as an emerging player.
Does Continuum Wind Energy have an API?
No public API is recorded for Continuum Wind Energy.
What industry is Continuum Wind Energy in?
Continuum Wind Energy's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUACAFAH, Hybrid Wind Power Plants (Wind+Solar+Storage Co-located), with a secondary code of EUAGACAE, C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs). Its NAICS code is 221115 and its SIC code is 4911.