On February 23, 2026, Vayona Energy solidified its market re-entry by signing a definitive agreement with Tata Power Renewable Energy Limited (TPREL) to supply 702 MW of wind turbine capacity. The agreement serves as a major capacity catalyst for TPREL’s utility-scale pipeline, with the hardware scheduled to support projects across several high-wind-potential states in India. This landmark deal follows closely on the heels of Vayona’s 64.8 MW agreement with Oyster Renewable Energy in Andhra Pradesh, underscoring a period of rapid commercial momentum for the newly rebranded entity.
Technical Specifications and Project Scope
The supply agreement focuses on Vayona’s 3X platform, specifically the SG 3.6-145 model. This hardware is optimized for Indian operating conditions, offering a cost-effective alternative to larger 7 MW or 15 MW offshore-leaning models. The increased rotor swept area of the SG 3.6-145 delivers a significantly higher Annual Energy Production (AEP) compared to previous generations, making it the preferred choice for large-scale onshore deployment.
| Feature | Specification |
| Turbine Model | SG 3.6-145 (3X Platform) |
| Quantity | 195 units |
| Total Capacity | 702 MW |
| Deployment States | Karnataka, Maharashtra, and Tamil Nadu |
| Technical Benefit | High Annual Energy Production (AEP) via increased rotor swept area |
Vayona Energy: Company Context and Market Position
Vayona Energy emerged as an independent wind energy platform following the December 2, 2025, completion of the acquisition of Siemens Gamesa’s onshore wind business in India and Sri Lanka. The transition was initiated in March 2025, when a consortium led by TPG Rise Climate and Mavco Investments (representing members of the Murugappa family) purchased 90% equity for $550 million. The consortium also includes notable individual investor and fund manager Prashant Jain. Siemens Energy retains a 10% strategic stake and continues to provide technology collaboration.
As of December 2025, Vayona Energy’s operational footprint included:
- Total Portfolio: Exceeding 12 GW (combined operational and development assets).
- Order Book: Exceeding 3.6 GW.
- Installed Capacity: Exceeding 2 GW.
- O&M Portfolio: Exceeding 8 GW.
Tata Power Renewable Energy Limited (TPREL): Strategic Milestones
For TPREL, the 702 MW agreement is a vital component of its roadmap to achieve 33 GW of green energy capacity by FY30. While TPREL’s parent company, Tata Power, remains committed to 100% clean energy by 2045, the subsidiary has recently navigated significant execution headwinds. Due to site access challenges caused by heavy rains, TPREL revised its FY26 capacity addition target from 2.5 GW down to 1.5 GW.
The Vayona deal bolsters a wind portfolio that now exceeds 3.9 GW—a figure that includes over 1 GW of operational assets alongside projects in various stages of development. TPREL currently manages a total renewable utility capacity of 11.3 GW and maintains a robust manufacturing footprint, including solar cell and module plants in Bengaluru and a 4.3 GW facility in Tirunelveli, Tamil Nadu.
Executive Commentary
Prashant Jain, Executive Vice Chairman, Vayona Energy:
“This landmark agreement signed marks a significant milestone as we accelerate our journey in India. We deeply value TPREL’s continued trust and look forward to advancing collaboration and driving sustainable growth together.”
Pritesh Vinay, Chief Executive Officer, Vayona Energy:
“We are ramping up our production facilities to meet growing market demand while strengthening our commitment to ‘Make in India’. With more than 3.6 GW in orders and over 2 GW installed as of December 2025, our 3X platform continues to earn strong market confidence in its technology and proven performance in India.”
Industry Context
The collaboration arrives as India aggressively pursues a national target of 500 GW of renewable energy capacity by 2030. As of October 2025, the country’s installed non-fossil fuel capacity reached approximately 251 GW. Bridging this 249 GW gap requires accelerated procurement cycles and reliable OEM partnerships to mitigate the execution risks inherent in large-scale infrastructure projects.
Post-Acquisition Management
Vayona Energy’s strategic direction is overseen by a leadership team deeply integrated with the TPG-Mavco consortium:
- Vellayan Subbiah: Chairman
- Prashant Jain: Executive Vice Chairman
- Pritesh Vinay: Chief Executive Officer
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