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)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)