ReNew — Mumbai Metropolitan Region, MaharashtraReNew Wind Energy Private Limited · Panvel, Khalapur, Taloja and Bhokarpada · 750 MW proposed

On 8 October 2026 ReNew Wind Energy Private Limited, a wholly owned subsidiary of ReNew, signed a Maharashtra MoU for a proposed ₹70,000 crore integrated green data centre park of 750 MW across Panvel, Khalapur, Taloja and Bhokarpada in the Mumbai Metropolitan Region, with operations targeted from 2028, 51% green power and two incoming feeders from independent sources. At ₹93.3 crore per megawatt it is priced well above what building has actually cost, and the park is four locations rather than one campus. Both facts point the same way: this is a renewable generator building captive demand and the real asset is the power, not the buildings.

1At a glance

2₹93.3 crore a megawatt

Divide ₹70,000 crore by 750 MW and the answer is ₹93.3 crore. That is not a rounding error and it is not a scandal — it is a scope question, and the answer is visible in one line of coverage that most readers skip.

That single phrase — and IT/ITeS facility — reconciles most of the gap. Office and IT services space carries a very different cost per megawatt because it has almost no megawatts. A park that includes workplaces, a substation and dedicated feeders inside one ₹70,000 crore envelope will always appear expensive when divided by data-centre megawatts alone.

The same pattern appears repeatedly in this registry. Prestige’s ₹5,000 crore Taloja component sat inside a ₹12,500 crore mixed-use package. SentraForge’s ₹188.6 crore per megawatt includes a global capability centre. HCLTech’s ₹14,257 crore cannot be attached to its 50 MW. The Indian market announces integrated programmes and then gets compared on data-centre unit economics.

3Four locations, one announcement

This is the detail that changes how the record should be used. The park is not a campus. It is four named locations across the Mumbai Metropolitan Region — Panvel, Khalapur, Taloja and Bhokarpada — and no megawatts have been allocated to any of them.

For a supplier, four sites is good news and bad news. Good: a repeatable design that can be bought four times, which rewards vendors who can standardise. Bad: nothing can be quoted against. Four locations with no parcels and no allocation is a map with pins on it, not a pipeline.

The two incoming feeders from independent sources is the more interesting commitment. It is the standard Indian answer to grid reliability at scale and it costs real money — two separate connection paths, two sets of switchgear, and in most cases a higher transmission charge. Its presence in the announcement is evidence that the power design has at least been thought about by someone who knows the corridor.

4The generator is the customer

This is the bit that most coverage missed. ReNew is not a data-centre company entering the data-centre business. It is India’s largest renewable generator building a 750 MW customer for its own electrons, in a state where it already operates about 2.5 GW.

A 51% obligation against 750 MW of continuous load is 382.5 MW of firm green supply. Delivered from solar at a 25% utilisation factor, that is 1,530 MW of installed solar; from wind at 35%, about 1,093 MW. Either way the generation requirement is larger than half of ReNew’s entire existing Maharashtra portfolio.

That is the strategic logic, and it is a strong one. Data centres are the only Indian load that is large, creditworthy, flat around the clock and contractible for twenty years. A generator that builds one is not diversifying into real estate; it is creating a captive buyer for capacity it must otherwise sell into a merchant market. It also explains the 51% figure, which is unusual for a developer and completely natural for a generator.

The last row is the one to watch. Building the building is the part ReNew is least equipped to do and the part everyone assumes it will do. A more likely eventual structure is ReNew owning the power and the land, with an operating partner owning the halls. That partner has not been named.

52028: start or completion?

The schedule is stated in four different ways across six outlets, which is worth recording precisely because the difference is years of revenue.

Two readings: operations in 2028, or construction starting in 2028. ReNew has not published a phase schedule, a first-phase capacity, or a single commissioning date, so neither can be confirmed. The gap between the two readings is roughly three years of revenue.

Gridvik also notes a 2028 operations target is aggressive to the point of implausibility for a 750 MW programme with no parcels selected. India’s fastest large campuses take three to four years from land to first megawatt. A 2028 date implies land within months, a power sanction inside a year, and construction starting almost immediately — while four separate locations have to be assembled.

6Timeline

• 8 October 2026
  ReNew Wind Energy Private Limited signs the Maharashtra MoU for a proposed ₹70,000 crore, 750 MW integrated green data centre park across Panvel, Khalapur, Taloja and Bhokarpada, with 51% green power, two independent incoming feeders, 2028 operations and about 7,000 jobs claimed
• 9–13 October 2026
  Business Standard, ETDatacenters, ETInfra, ET Sustainability, BW Businessworld, KNN and Indian Infrastructure report the signing. Wording on 2028 diverges between operations and start of development
• 5 October 2026, earlier listing
  The state’s own pipeline coverage describes a ₹70,000 crore integrated data centre and IT/ITeS facility at Khalapur, which is a different scope description from the four-site park
• 26 October 2026
  No parcel, acreage, per-site capacity, power sanction, open-access approval, PPA, water allocation, financing or EPC contractor has been published

7Procurement

8Assumptions and method

9Limits and open questions

10Sources

Sources: ReNew statement via Business Standard, ETDatacenters, ETInfra, ET Sustainability, BW Businessworld, KNN India, Indian Infrastructure, Energetica India, w.media, Convergence Now, PropNewsTime.