Kundan Green Energy Expands Solar Capacity with 21.43 MW Project in Partnership with Havells India

New Delhi,  Dec 30: Kundan Solar (Pali) Pvt. Ltd., a vertical of Kundan Green Energy, has announced an important milestone in its journey of renewable expansion by offering a 26% stake to Havells India Ltd. for the development of a 21.43 MW DC/15 MW AC captive solar project in Rajasthan. With this development, Kundan Green Energy moves closer to becoming a trusted partner for industries across India that are seeking dependable, clean, and affordable renewable power.

Mr. Udit Garg, Managing Director, Kundan Green Energy, said,

“This partnership reflects strong confidence in Kundan Green Energy’s capability to deliver scalable, high-quality renewable infrastructure. The 21.43 MW DC project strengthens our mission to support industries with reliable clean power, helping them reduce their carbon footprint, enhance energy security, and achieve long-term cost stability in their sustainability journey.

Havells’ team on this added,

 “Partnering with Kundan Green Energy aligns with our commitment to expanding clean and cost-efficient power for our plant operations. This project strengthens our long-term sustainability roadmap.”

A Special Purpose Vehicle  named Kundan Solar Pvt. Ltd., under the guidance of its parent company, Kundan Green Energy, to handle the design, development, installation, and long-term operation of the upcoming 21.43 MW DC /15 MW AC solar plant. With Havells joining as both a captive consumer and an equity partner, the project gains added significance and strengthens not only its technical foundation but also its credibility in India’s renewable energy market.

The total Investment of INR 72.5 crore for the project development will be infused in phases linked to key development milestones and is expected to be fully completed by 31st May 2026.

Kundan Green Energy, as the lead developer, will oversee every stage of the project, from regulatory coordination and site execution to day-to-day operations over the life of the plant. With a strong focus on consistent output and quality standards, the company aims to deliver dependable renewable power that supports industrial growth while promoting sustainability and cost stability.