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)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)