Epigral to Procure 19.80 MW Wind-Solar Hybrid Power from Prozeal Green Energy
Ahmedabad-based Epigral has entered into a captive power agreement to procure 19.80 MW of renewable energy from Prozeal Green Energy’s wind-solar hybrid plant in Gujarat, aligning with its expansion plans and sustainability goals.
June 05, 2025. By Mrinmoy Dey
The company recently entered into a “Share Subscription and Shareholder’s Agreement with Prozeal Green Power, to pick up a 26 percent stake in the special purpose vehicle (SPV) – Pro-Zeal Green Power Ten.
The company will invest an amount of about INR 21.38 crore, in one or more tranches, for the subscription of a minimum of 26 percent securities of the power producer, stated the company in a regulatory filing. Prozeal Green Energy will hold a 74 percent stake in the SPV.
Epigral said that the move is in line with regulatory requirements for captive consumption. The arrangement is for meeting the company’s rising energy demands for upcoming expansion projects and to meet its commitment towards sustainability goals, it said.
Epigral, in its Business Responsibility and Sustainability Report 2023-24, has mentioned that the company has reduced reliance on fossil fuels by entering into a Joint Venture Agreement for a wind-solar hybrid project. “This project boasts a combined capacity of 18.34 MW, generating clean electricity and minimising our carbon footprint,” it said.
It further added that through renewable energy generation of 58,165.144 Mwh in FY 23-24 from solar and wind, Epigral has substituted nearly 41,646.24 TCO2e of emissions.
In February 2025, Mumbai-based Aarti Drugs partnered with Prozeal Green Energy to procure solar power through a captive arrangement, acquiring a 26.25 percent stake in an SPV for INR 8.05 crore to develop a 24.40 MWp solar power plant.
please contact: contact@energetica-india.net.
Deepak Agarwal
Managing Director
CBG is an Attractive and Scalable Business Opportunity in India: GPSR ARYA MD Deepak Agarwal
Amit Banka
Founder & CEO
Balancing Biodiversity & RE is Key to Sustainable Future, Highlights WeNaturalists' Amit Banka
Julian Thomas
Portfolio Director
REI Expo 2025 to Showcase India’s Clean Energy Leadership on the Global Stage
Pandarinath Siddineni
Tata Elxsi
Tata Elxsi’s Siddineni Explains How IoT and AI are Transforming Battery Energy Storage Systems
Azmathullah Mohammed, Senior Sales Director, Dassault Systèmes India
Neerav Mehta, Joint General Manager
L&T and Dassault Systemes Redefine EPC Project Management with Virtual Twin Technology