Hinduja Renewables

What Hinduja Renewables does

Hinduja Renewables Energy Private Limited (HREPL), incorporated in 2012 and headquartered in Mumbai, is the clean energy arm of the Hinduja Group and operates as an independent power producer focused on renewable energy generation in India. Its core technology portfolio spans utility-scale solar, wind, solar-wind hybrid, Battery Energy Storage Systems (BESS), and pumped storage hydropower (PSP), supported by in-house EPC and O&M capabilities and proprietary digital tools for energy modelling (Python/Pyomo-based MINLP optimization for RTC, FDRE, Peak Power, and Hybrid sizing) and BESS health prediction (SoC/SoH KPIs). The company is structured around more than 30 wholly-owned Special Purpose Vehicles (SPVs) including HR Sabarmati, Solarfield Energy, Kiran Solar, and HR Godavari, enabling project-specific financing, land, and contracting structures across 10+ Indian states.

The business model is subscription/recurring, monetized primarily through long-term (typically 25-year) Power Purchase Agreements with two customer cohorts: state electricity distribution companies and utilities (GUVNL, MSEDCL, NVVN, NHPC and others) for utility-scale projects, and Commercial & Industrial enterprises for on-site, group captive, and off-site solar decarbonization. Pricing is bespoke and project-specific, with no publicly disclosed standard tariff tiers. Named C&I customers include LG Electronics India (9.80 MWp, 25-year PPA), Höganäs India and Hirschvogel Components India (14 MW combined). Go-to-market is enterprise field sales supplemented by channel partnerships (e.g., Sunsure Energy). Current operating capacity is ~1,100 MW with 1,900 MW under development, and the company is executing "Mission 102030" to scale to 10 GW of clean energy capacity by 2030, including a 10+ GW pumped storage development pipeline across Assam, Chhattisgarh, Uttar Pradesh, Uttarakhand, and Odisha. Execution is backed by Hinduja Group's committed investment of approximately $4 billion (₹36,130 crore).

Name

Hinduja Renewables

Legal name

Hinduja Renewables Energy Private Limited

Website

https://hindujarenewables.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Hinduja Renewables Energy is the clean energy arm of India's Hinduja Group, an independent power producer developing utility-scale solar, wind, hybrid, battery storage, and pumped storage projects across India and serving state utilities and industrial C&I customers through long-term PPAs.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)

akta.pro secondary industries

Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE), Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI), Renewable Energy Infrastructure (FSAAAKAG), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Utility-scale solar power
• Commercial industrial PPAs
• Pumped storage hydropower
• Battery energy storage
• Renewable energy generation

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations

Revenue model

1. Solar Power Purchase Agreements (PPAs): Long-term (typically 25-year) solar PPA contracts with utility and C&I customers. Revenue is recurring based on power delivered, with fixed or indexed tariffs. Examples include agreements with LG Electronics India (9.80 MWp, 25 years), Höganäs India and Hirschvogel Components India (14 MW combined).
2. Utility-Scale Renewable Energy Generation: Development and operation of large-scale utility renewable projects (solar and wind) selling power to state utilities via long-term PPAs under schemes like those with GUVNL, MSEDCL, NVVN, NHPC, and other state discoms.
3. Pumped Storage Services: Long-term PPAs for pumped storage hydropower projects ensuring energy security and price stability across Indian states (Assam, Chhattisgarh, Uttar Pradesh, Uttarakhand, Odisha). Revenue based on capacity allocation and energy dispatched.
4. Decarbonization Solutions for C&I Customers: Comprehensive decarbonization offerings including on-site and rooftop solar installations, energy storage systems, and energy efficiency enhancements tailored to each client's sustainability goals, monetized through PPAs and service contracts.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Hinduja Renewables is an independent power producer that develops, owns, and operates utility-scale solar, wind, and hybrid renewable energy projects across India. It sells electricity through long-term (typically 25-year) Power Purchase Agreements to state utilities/distribution companies and large Commercial & Industrial (C&I) customers, and is developing pumped storage hydropower and battery energy storage systems to deliver round-the-clock dispatchable green power.

Product overview

Hinduja Renewables is an independent power producer and clean energy arm of the Hinduja Group, offering an integrated portfolio of renewable energy solutions. The company's core offerings include Utility-Scale Renewable Energy projects (solar and wind), Commercial & Industrial (C&I) Solutions for business decarbonization, and Pumped Storage Projects for long-duration energy storage. Supporting these are add-on modules including Battery Energy Storage Systems (BESS), on-site solar installations, rooftop solutions, Power Purchase Agreements, and energy efficiency enhancements. The company operates under Mission 102030 to develop 10 GW of clean energy capacity by 2030, serving utility clients and industrial/commercial customers across India.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Renewable Energy Large-scale renewable energy assets including solar and wind projects that supply clean power to state electricity distribution companies (discoms) and utilities across India through long-term PPAs, supporting grid-scale clean energy supply.
• Commercial & Industrial (C&I) Solutions End-to-end clean energy solutions for commercial and industrial enterprises, delivering reliable and cost-efficient green power through long-term solar PPAs, group captive arrangements, on-site installations, and rooftop solar to help businesses meet RE100 and net-zero commitments.
• Pumped Storage Projects (PSP) Pumped Storage Projects (PSP) providing cost-effective long-duration energy storage for round-the-clock green power generation, using dual reservoirs at different elevations to balance variable solar and wind output and provide dispatchable renewable capacity.
• Battery Energy Storage Systems (BESS) Battery Energy Storage Systems enabling reliable energy storage and efficient power delivery by storing excess generation and dispatching it when needed, with 4-hour discharge capability supporting renewable integration, grid resilience, and peak-load management.

Quantifiable outcome

• Avoided 2.6+ million tonnes of CO₂ equivalent emissions across all projects since inception
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Höganäs IndiacoreStrategic or Co-development Partner · 2 June 2026HREPL signed a solar power delivery agreement with Höganäs India for combined 14 MW capacity (along with Hirschvogel Components India) sourced from its 35 MWp solar park in Nanded, Maharashtra. Expected to offset 0.53 million metric tonnes of CO₂ equivalent over project lifetime, supporting Höganäs India's industrial decarbonization goals in India's manufacturing sector.
• Hirschvogel Components IndiacoreStrategic or Co-development Partner · 2 June 2026HREPL signed a solar power delivery agreement with Hirschvogel Components India for combined 14 MW capacity (along with Höganäs India) sourced from its 35 MWp solar park in Nanded, Maharashtra. Expected to offset 0.53 million metric tonnes of CO₂ equivalent over project lifetime, supporting industrial decarbonization in India's manufacturing sector.
• LG Electronics IndiacoreStrategic or Co-development Partner · 2 April 2026Hinduja Renewables Energy Private Limited (HREPL) signed a 25-year solar PPA with LG Electronics India to supply 9.80 MWp of solar energy to its Pune manufacturing facility from HREPL's 27.7 MWp solar plant in Nanded, Maharashtra. Project will generate 1.61 crore units annually, meeting 40% of the facility's energy requirements, and offset 0.31 million metric tonnes CO₂e over its lifetime. This marks LGE India's first captive renewable energy project in India and first strategic investment in a power generation SPV, supporting LG's global RE100 initiative.
• Sunsure EnergyminorStrategic or Co-development Partner · 27 March 2026Sunsure Energy partnered with LG Electronics India alongside HREPL to supply renewable energy. Sunsure supplies ~1.6 crore units annually from an 82.5 MWp solar plant in Erach, Uttar Pradesh to LGEIL's Greater Noida facility. HREPL and Sunsure Energy together power LG Electronics India's manufacturing operations across Pune and Greater Noida facilities, demonstrating complementary clean energy partnerships.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Adani Green Energy: India's largest listed renewable IPP with multi-GW operating solar, wind, and hybrid capacity plus an emerging PSP roadmap. Directly comparable in utility-scale generation, C&I PPAs, and Mission-10GW-class capacity ambitions.
• Azure Power: India-focused solar IPP with utility-scale and C&I portfolios, long-dated PPAs with state discoms and industrial offtakers. Comparable customer mix (state utilities + manufacturers) and PPA-driven revenue model.
• Greenko Group: India's leading pumped storage and renewable IPP with operational PSP assets and large-scale solar/wind portfolio. Highly comparable as a hybrid renewables + long-duration storage developer serving C&I and utility offtakers.
• JSW Energy: Diversified Indian IPP scaling renewables (solar, wind, hybrid) and pursuing pumped storage projects. Overlaps with HREPL on multi-state utility tenders, C&I PPAs, and PSP development pipeline.
• Acme Solar Holdings: Indian solar IPP with utility-scale projects, battery storage pilots, and C&I exposure across multiple states. Overlaps directly with HREPL on solar PPAs, hybrid tenders, and BESS-enabled RTC offerings.
• Tata Power Renewable Energy: Subsidiary of Tata Power developing utility-scale solar, wind, and hybrid projects across India with C&I group-captive offerings. Comparable in scale-up trajectory, BESS integration, and focus on industrial decarbonization PPAs.
• ReNew Power: Major Indian IPP with utility-scale solar and wind capacity serving both discoms and C&I customers via long-term PPAs. Competes directly on enterprise solar PPAs and hybrid FDRE tenders.

Emerging players

• Sunsure Energy: Tech-enabled C&I solar IPP partnering with HREPL on LG Electronics India's Greater Noida facility. Directly comparable in C&I group-captive and rooftop-solar PPA execution for industrial offtakers.

Broad incumbents

• Reliance Industries (Reliance New Energy / Reliance Power): Diversified conglomerate with a New Energy arm pursuing integrated renewables, BESS, and giga-scale solar manufacturing in India. Operates in the same end-markets but with much broader financial firepower and adjacent technology investments.
• Sterling and Wilson Renewable Energy: Large EPC and developer of solar, wind, and BESS projects in India and globally. Comparable on hybrid renewable EPC execution, project structuring through SPVs, and integrated O&M offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HindujaRE
• Facebookfacebook.com/hindujarenewables
• LinkedInlinkedin.com/company/hinduja-renewables

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries36 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hinduja Renewables