A big US-based world tech firm, Grasim Industries (a part of the Aditya Birla Group), and Netmagic are among the many corporations (a subsidiary of NTT Communications, Japan). ReNew now has a company portfolio of over 900 MW, making it one of many largest suppliers of renewable power options to companies.








Solar Panels





ReNew Power introduced the signing of 5 solar energy buy agreements (PPAs) with Solar Energy Corporation of India (SECI) and Punjab State Power Corporation Limited (PSPCL), in addition to a number of long-term buy agreements with company consumers totaling round 2 GW.












With these agreements, the corporate’s gross whole portfolio has elevated to 12.1 GW, up from 10.2 GW at the beginning of the calendar yr. The new utility photo voltaic tasks might be positioned in Rajasthan, in western India, and may have flat tariffs for a interval of 25 years. SECI has signed 4 solar energy buy agreements (PPAs).

The SECI Rajasthan IV scheme has two 600 MW and 375 MW PPAs, with ReNew supplying electrical energy at 2.18/kWh. Subject to the phrases of the respective PPAs, ReNew lately acquired a useful curiosity within the 300 MW (SECI IX) and 375 MW (SECI Rajasthan IV) tasks.

ReNew will provide electrical energy at 2.33/kWh for the PSPCL PPA of 100 MW. By the fourth calendar quarter of 2023, the entire tasks needs to be accomplished.












Corporate consumers have signed long-term agreements with ReNew for the acquisition of fresh power or renewable power credit totaling 0.5 GW (491 MW), with power tariffs starting from $3.06 to $3.95 per kWh.

A big US-based world tech firm, Grasim Industries (a part of the Aditya Birla Group), and Netmagic are among the many corporations (a subsidiary of NTT Communications, Japan). ReNew now has a company portfolio of over 900 MW, making it one of many largest suppliers of renewable power options to companies.

Sumant Sinha, Chairman and CEO of ReNew, stated of the latest spate of PPA signings, “ReNew is at the vanguard of India’s clean energy transition. “We imagine that our vertical integration, mixed with our scale and talent to offer customised clever power options, will allow us to win tasks and obtain our targets.”












“The addition of 1.9 GW, which is comfortably above our threshold returns, demonstrates ReNew’s competitive advantages,” Sinha added. The photo voltaic modules for these tasks might be manufactured at ReNew’s 2 GW module manufacturing facility and sourced by way of tolling agreements with home suppliers.











First printed on: 30 Apr 2022, 08:08 IST




Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here