ReNew, India’s leading renewable energy company, has signed five PPAs, adding nearly 2.2 GW of RE capacity to its fully contracted renewable energy portfolio. Additionally, ReNew received Letter of Awards for an extra nearly 5.8 GW of RE capacity. Among these, 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 INR 2.59 per kWh. Another ~1 GW Firm and Dispatchable Renewable Energy (“FDRE”) PPA was inked with SJVN Limited at INR 4.39 per kWh. These agreements enhance ReNew’s counterparty profile and offer visibility for future growth. Expected to be commissioned within 24 months, these PPAs will develop 1.5 GW of solar and 688 MW of wind projects.
ReNew expands renewable portfolio in India
Since its establishment in 2011, ReNew has been operating at a capacity of approximately 9.5 GW, generating approximately 21 billion units of clean electricity annually. (Image Credit: ReNew)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)