Blueleaf Energy, owned by a fund managed by Macquarie Asset Management, has launched its flagship 300MW-peak (MWp) Pachora Hybrid Power Project in the Indian state of Madhya Pradesh.
The wind and solar project, valued at around Rs19bn, introduces a new commercial structure in India’s renewable energy sector.
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The project is designed to generate nearly 600 million units of electricity annually.
Energy produced by the Pachora Hybrid Power Project is capable of powering more than 550,000 households in India.
This output is marketed through a 15-year power purchase agreement (PPA) with an Indian power trading company, marking a new commercial benchmark in India.
Additionally, the environmental impact of the project includes saving approximately 550,000t of carbon dioxide emissions each year.
Blueleaf Energy CEO Raghuram Natarajan said: “The commissioning of the Pachora Hybrid Power Project is a defining moment for Blueleaf Energy as we establish a robust operational footprint in India.
“This project demonstrates our ability to deliver complex, large-scale hybrid solutions that address the intermittency challenges of renewable energy.
“By bringing this flagship project online, we are not only supporting India’s 500GW renewable target but also proving that innovative, cost-effective hybrid models are the key to a decarbonised and resilient grid.”
Blueleaf Energy has also secured a 15-year contract to sell International Renewable Energy Credits to a major international technology company, enhancing the project’s financial viability.
This large-scale utility project covers 40 sites across 347 hectares and comprises 35 wind turbines alongside a multi-site solar farm.
By delivering a continuous power supply, it aims to improve system efficiency and reduce grid expansion needs.
Despite facing weather-related challenges and global supply chain issues in 2025, the project began operations in December and is currently functioning at full capacity.
Blueleaf Energy is considering expanding the site and exploring further projects in the region.
The company is also in the process of commissioning solar farms within its Rajasthan Solar Portfolio, which secured financial closure in October 2025 and is expected to be completed later this year.
In January last year, Blueleaf Energy partnered with India-based global new energy transition platform Jakson Green to develop a 1GW solar portfolio in Rajasthan, India.
