ReNew signs 5 PPAs; expands portfolio to 15.6 GW
POWER & RENEWABLE ENERGY

ReNew signs 5 PPAs; expands portfolio to 15.6 GW

ReNew, a prominent renewable energy company in India, has announced the signing of five Power Purchase Agreements (PPAs) totalling around 2.2 GW of renewable energy capacity. This move expands its fully contracted renewable energy portfolio to 15.6 GW. Additionally, ReNew has received Letters of Award for an additional 5.8 GW of renewable energy capacity.

Among these agreements, three solar PPAs totaling 800 MW were signed with NTPC Limited, Damodar Valley Corporation, and Solar Energy Corporation of India Limited, at a weighted average tariff of Rs 2.59 per kWh. Furthermore, a 1 GW Firm and Dispatchable Renewable Energy (FDRE) PPA was inked with SJVN Limited at a tariff of Rs 4.39 per kWh. ReNew also signed a 438 MW PPA with a major multinational commercial and industrial customer.

?We are thrilled to announce the signing of these significant PPAs. This achievement reflects our unwavering commitment to India's renewable energy goals and strengthens our position as a leading green energy provider. These agreements, with a strong counterparty profile, will not only contribute to a cleaner future but also deliver long-term financial benefits for ReNew and its shareholders?, said Sumant Sinha, Founder, Chairman, & CEO, ReNew.

These PPAs entail the development of 1,500 MW of solar and 688 MW of wind projects, with commissioning expected over the next 24 months. ReNew's expansion aligns with India's goal of achieving 500 GW of non-fossil fuel energy capacity and reducing carbon emissions by one billion tonnes by 2030. Since its establishment in 2011, ReNew has played a significant role in fostering sustainability in the Indian economy. With an operational capacity of approximately 9.5 GW, ReNew is poised to annually generate around 21 billion units of clean electricity, sufficient to power six million households and mitigate approximately 17 million tonnes of CO2 emissions annually.

(Source: ET)

ReNew, a prominent renewable energy company in India, has announced the signing of five Power Purchase Agreements (PPAs) totalling around 2.2 GW of renewable energy capacity. This move expands its fully contracted renewable energy portfolio to 15.6 GW. Additionally, ReNew has received Letters of Award for an additional 5.8 GW of renewable energy capacity. Among these agreements, three solar PPAs totaling 800 MW were signed with NTPC Limited, Damodar Valley Corporation, and Solar Energy Corporation of India Limited, at a weighted average tariff of Rs 2.59 per kWh. Furthermore, a 1 GW Firm and Dispatchable Renewable Energy (FDRE) PPA was inked with SJVN Limited at a tariff of Rs 4.39 per kWh. ReNew also signed a 438 MW PPA with a major multinational commercial and industrial customer. ?We are thrilled to announce the signing of these significant PPAs. This achievement reflects our unwavering commitment to India's renewable energy goals and strengthens our position as a leading green energy provider. These agreements, with a strong counterparty profile, will not only contribute to a cleaner future but also deliver long-term financial benefits for ReNew and its shareholders?, said Sumant Sinha, Founder, Chairman, & CEO, ReNew. These PPAs entail the development of 1,500 MW of solar and 688 MW of wind projects, with commissioning expected over the next 24 months. ReNew's expansion aligns with India's goal of achieving 500 GW of non-fossil fuel energy capacity and reducing carbon emissions by one billion tonnes by 2030. Since its establishment in 2011, ReNew has played a significant role in fostering sustainability in the Indian economy. With an operational capacity of approximately 9.5 GW, ReNew is poised to annually generate around 21 billion units of clean electricity, sufficient to power six million households and mitigate approximately 17 million tonnes of CO2 emissions annually. (Source: ET)

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000