Zelestra Secures 39-MW Hybrid PPA with Indian Paper Maker

• Zelestra has signed a 39 MW hybrid wind-solar PPA with Indian paper maker Seshasayee Paper and Boards, powering operations from February–March 2026 and reducing 57.6 tonnes of CO₂ annually.

Spanish renewables specialist Zelestra has inked a landmark power purchase agreement (PPA) to supply 39 MW of clean energy to Seshasayee Paper and Boards Ltd (SPB), one of India’s leading paper manufacturers. Under this deal, Zelestra will build its first commercial-scale hybrid wind-solar park in Tamil Nadu, delivering green electricity directly to SPB’s operations.

The upcoming facility, which combines 150 MW of total installed capacity, represents a significant step for Zelestra’s growth in the commercial and industrial (C&I) segment. By tapping into India’s Intra State Open Access framework, the company can deliver renewable power to corporate off-takers like SPB at competitive rates, bypassing traditional distribution channels.

Once operational—slated for February–March 2026—the hybrid complex will generate approximately 72 million kWh annually for SPB. This clean energy supply is expected to offset around 57.6 tonnes of CO₂ emissions each year, supporting the paper maker’s decarbonisation targets while enhancing grid stability.

“This marks the initial phase of our C&I expansion,” said Sajay K V, CEO of Zelestra India. “By 2026, we aim to add 1 GW of C&I-dedicated capacity to our portfolio, helping more industrial partners reduce their carbon footprint.”

Backed by private equity firm EQT, Zelestra brings a global portfolio of 28 GW of carbon-free projects spanning 13 countries. The new Tamil Nadu park underscores the company’s commitment to scaling hybrid renewable solutions that blend wind and solar generation to maximise output and reliability.

For SPB, the agreement aligns with broader sustainability goals across its manufacturing operations, reinforcing the paper maker’s pledge to transition toward low-carbon energy sources. Meanwhile, Zelestra’s hybrid model demonstrates how developers can leverage India’s regulatory reforms to drive down emissions in heavy-energy industries without compromising on cost or supply security.

As hybrid wind-solar projects gain traction worldwide, Zelestra’s Tamil Nadu venture could serve as a blueprint for similar C&I partnerships across emerging markets, combining financial viability with environmental stewardship.