Prozeal Green Energy to handover 100 MW RE project to European IPP in Rs 460-cr deal

Prozeal Green Energy has completed a framework agreement for a solar project in Gujarat. Valued at around Rs 460 crore, this 100-megawatt project awaits essential approvals before activation. Anticipated to launch by 2027, it is set to tackle the ...

By PTI | Oct 09, 2026, 02.51 PM IST

New Delhi: Prozeal Green Energy has signed an agreement to hand over a 100-megawatt solar project to a European entity in a Rs 460 crore deal.

The proposed transaction remains subject to necessary approvals, Prozeal Green Energy said in a statement.

The company said it has entered into a framework agreement with a European IPP (independent power producer) regarding the proposed divestment of a 100 MW solar project in Gujarat at a transaction value of about Rs 4,600 million (Rs 460 crore).

The project is currently scheduled to become operational in 2027.

Read more: Prozeal Green Energy, Golyan Power sign JV pact for solar projects in Nepal

Manan Thakkar, co-founder and Managing Director of Prozeal Green Energy, said there is growing demand in the Indian commercial and industrial sector for renewable energy solutions, and this partnership is structured to address those requirements.

Gujarat-based Prozeal Green Energy is an independent power producer (IPP) and provides engineering, procurement, and construction (EPC) in the renewable energy space.

Start a SIP with as low as ₹500 with ET Money App!