<p>Bengaluru: Tech-to-tractor conglomerate Mahindra Group will invest 12 billion rupees (about $144 million) to set up solar and wind energy projects of 150 megawatt (MW) hybrid capacity in India, it said on Monday.</p>.<p>The projects will be developed by the group's renewable energy unit Mahindra Susten with Ontario Teachers' Pension Plan Board, one of Canada's largest pension funds, as its strategic partner.</p>.<p>Mahindra & Mahindra will also acquire a 26% stake in its solar power generating unit Gelos Solren for Rs 40.08 crore ($4.8 million), taking the combined investment to nearly $150 million.</p>.Mahindra Lifespace buys 9.4 acre land at Bengaluru's Whitefield to build Rs 1,700 cr worth housing project.<p>India, the world's third-largest greenhouse gas emitter, is currently trying to boost its non-fossil capacity, including solar and wind energy, to 500 gigawatts (GW) by 2030 after missing its target to install 175 GW of renewable capacity by 2022.</p>.<p>The Mahindra Group aims to adopt 100% renewable energy by 2030.</p>.<p>Wind power was used for nearly two-thirds of Mahindra & Mahindra's power needs, according to its 2022-23 annual report. </p>
<p>Bengaluru: Tech-to-tractor conglomerate Mahindra Group will invest 12 billion rupees (about $144 million) to set up solar and wind energy projects of 150 megawatt (MW) hybrid capacity in India, it said on Monday.</p>.<p>The projects will be developed by the group's renewable energy unit Mahindra Susten with Ontario Teachers' Pension Plan Board, one of Canada's largest pension funds, as its strategic partner.</p>.<p>Mahindra & Mahindra will also acquire a 26% stake in its solar power generating unit Gelos Solren for Rs 40.08 crore ($4.8 million), taking the combined investment to nearly $150 million.</p>.Mahindra Lifespace buys 9.4 acre land at Bengaluru's Whitefield to build Rs 1,700 cr worth housing project.<p>India, the world's third-largest greenhouse gas emitter, is currently trying to boost its non-fossil capacity, including solar and wind energy, to 500 gigawatts (GW) by 2030 after missing its target to install 175 GW of renewable capacity by 2022.</p>.<p>The Mahindra Group aims to adopt 100% renewable energy by 2030.</p>.<p>Wind power was used for nearly two-thirds of Mahindra & Mahindra's power needs, according to its 2022-23 annual report. </p>