Lloyds Metals to Procure 28.20 MW Wind-Solar Hybrid Power from Hexa Climate
Lloyds Metals will procure renewable power through captive mode from Hexa Climate’s 28.20 MW wind-solar hybrid projects in Maharashtra by acquiring a 26 percent stake in two SPVs – Hexa Energy MH3 and Hexa Energy W2.
June 05, 2025. By Mrinmoy Dey
The company will pick a 26 percent stake each in project-specific special purpose vehicles (SPVs) Hexa Energy MH3 for INR 10 crore and Hexa Energy W2 for INR 12 crore.
While Hexa Energy MH3 will set up an 8.40 MW wind power plant, Hexa Energy W2 will set up a 19.80 MW AC/27.72 MWp solar power plant.
“The acquisition aims at utilising the power generated by the captive power plant, in accordance with applicable electricity laws. The primary objective of this acquisition is to ensure that the energy produced by the captive power plant is consumed internally (for captive use) by the Company,” stated Lloyds Metals in a regulatory filing.
It further added that the key impact of this acquisition would be the optimisation of energy consumption costs for the company. “By relying on the electricity generated by the captive power plant, the company expects to reduce its reliance on external power sources, leading to potential savings on energy expenses and better control over energy supply,” it said.
The acquisition is expected to be completed tentatively by June 2025.
Last month, Lloyds Metals signed two PPAs totalling 86 MWp of solar power with Hinduja Renewables' SPV, HR Godavari, and will acquire 26 percent equity to meet captive power rules and strengthen renewable energy sourcing. “The agreements included a 16.05 MWp (10.70 MWac) and a 70 MWp (50 MWac) capacity, respectively, totalling 86 MWp,” it said.
The company’s Board of Directors has approved an incremental investment in HR Godavari of up to 30 percent equity shareholding, in one or more tranches, for an aggregate consideration of up to INR 27 crore.
please contact: contact@energetica-india.net.
Jameson Mendonca
Power Generation Business Leader
Cummins India’s Jameson Mendonca on Innovations in Gensets, Green Fuel, and Emission Compliance
Shilpy Dewan
VP – Markets, Operations & Digital
Digital Innovation and Storage will Drive India’s Green Future: Serentica’s Shilpy Dewan
Er. Neha Sakka
Electrical Engineer
She Matters: Women Remain Severely Underrepresented in EV and Green Workforces
Satish Talmale
CEO
India is Well-placed to Become a Global Leader in Energy Storage: EnerGrid CEO Satish Talmale
Anand Sri Ganesh, CEO, NSRCEL
Sapna Bhawnani
Alstom and NSRCEL on Empowering the Green Mobility Disruptors