Telangana II
10. October 2018
Madhya Pradesh I
11. October 2018

Maharashtra I

Maharashtra I, located in Beed District in the state of Maharashtra, is a 67-megawatt solar power plant commissioned in August 2017. It was developed by Delhi-based SolarArise India Projects Pvt Ltd, an innovative operator of grid-connected solar power projects in India. Since fall 2018, ThomasLloyd has been the largest shareholder with a significant stake in SolarArise.

Project site


Telangana, India

CO2 reduction


106,536 tonnes p.a.

Reach of electricity supply


95,861 people



67,2 MW

Project Videos


Impressions of the project

Project details

Project Special Purpose Vehicle (SPV) Talettutayi Solar Projects Four Private Limited (“Maharashtra I”)
Location Chatgaon Village, Beed District, State of Maharashtra, India
Coordinates: 18.961683° N, 76.212849° E
Technical Specifications Project site: 1,239,654 m²
Solar irradiation at project site: 1,954 kWh/m²/year (SolarGIS)
Grid connection: To an existing 132 kV Talegaon MSETCL substation, 5.5 km away
Part of the plant uses a seasonal tracking system with the remaining using a horizontal single axis tracking system, using polycrystalline solar PV technology
102,241 modules of rating 325Wp and 104,774 modules of rating 320Wp
Reach of Electricity Supply 95,861 people
New permanent jobs 104 in the plant
Supplier/Manufacturer Solar Modules: JA Solar (China)
Solar Inverters: Sungrow (China)
Inverter Transformer: Sudhir (India)
Power Transformer: Voltamp (India)
Horizontal Single Axis Tracker: Arctech Solar (China)
Mounting Systems: Arctech Solar (China) and Tata (India)
Control Panels: Ashida (India) and Symatic (India)
HT Cables: Polycab (India)
LT Cables: Polycab (India)
String Cable: Uniflex Cable Unicab (India)
Junction Boxes: Trinity Touch (United Kingdom)
General Contractor (EPC) Tata Power Solar Systems Pvt. Ltd.
Operations & Maintenance Tata Power Solar Systems Pvt. Ltd.
Lender’s Engineer TUV Rheinland (India) Pvt. Ltd.
Electricity Offtake Counterparty Grid Connection Agreement with Maharashtra State Electricity Distribution Company Limited Power Purchase Agreement with Solar Energy Corporation of India (SECI)
Credit Rating Electricity Offtake Counterparty ICRA: AA+
Specifications of the Power Purchase Agreement (PPA) Statutorily guaranteed Tariff fixed rate INR 4.43 (USD 0.07) per kWh, allocated through a reverse auction bidding process. The rate has been set and approved for 25 years by Solar Energy Corporation of India.
Status In full operation since August 2017.

Status: 30/06/2021

Thomaslloyd is a Signatory to the Principles for Responsible Investment (PRI)

and other Key Responsible Investment Initiatives

ThomasLloyd is committed to investing responsibly. We believe that the integration of material environmental, social and governance (ESG) factors into our investment process is a core part of our fiduciary duty to act in the best interests of our clients and their beneficiaries. To formally incorporate and systematically integrate ESG factors therefore in this process, we have developed a Socially Responsible Investment Policy, Methodology and Framework.

Find out more