Ushdev Power Holdings Pvt Ltd "UPHPL" is the holding company for wind assets of the group . UPHPL commenced its operation in FY.13 and in the first year, the operational capacity is taken to 61.75 MW.
UPHPL acquired Suzlon Engitech Limited (SENL) through Share Purchase Agreement (SPA) executed between UPHPL and Suzlon Energy Limited (SEL) on 28th June 2012. SENL has operational wind power asset of 58.20 MW located across five wind rich states viz. Tamil Nadu, Karnataka, Maharashtra, Rajasthan and Gujarat with multiple models from 350 kW to 2100 kW of Suzlon make.
The second project of UPHPL is 2.55 MW repowering project in Tamil Nadu. UPHPL has repowered an existing project In TamilNadu by replacing 11 turbines with 3 modern large capacity turbines through its subsidiary Hurricane Windfarms Pvt. Ltd. (HWPL).

Business Model:
Ushdev Power Holdings Pvt. Ltd. is focused on low risk business model of acquiring the existing and operational wind power turbines. Acquisition of operational assets enables to trace the performance of the assets as actual performance (P100) is available & the acquisition cost is less as a result the base case equity returns are 16-18%. Ushdev Power Holding Pvt. Ltd. is best placed to successfully acquire these assets as it is backed by a well diversified group with long operating experience of over 17 years in the wind industry. The first wind project was set up in 1997 by the company and it has firsthand experience of operating wind farms in all wind rich states namely Tamilnadu, Karnataka , Rajasthan , Gujarat & Maharashtra. It has experience of diversified revenue model i.e. group captive , open access & preferential state tariff and familiarity of registering the projects to CDM & REC for enhancing the revenue model.