The Indian IPP additionally secured a 1GW PPA of secure and dispatchable renewable power with SJVN at 4.39kWh and a 438MW PPA with an undisclosed business and industrial (C&I) firm.
In complete, the PPAs will contain the event of 1.5GW of photo voltaic PV which is predicted to be commissioned within the subsequent 24 months. The location the place the photo voltaic PV capability might be put in has not been disclosed.
These newest PPAs will contribute to the growth of ReNew’s operational renewables portfolio which sits at almost 9.5GW, as the corporate continues to broaden its portfolio. Like final 12 months’s three way partnership with Gentari Renewables India – a subsidiary of Malaysian clear power options agency Gentari – to develop 5GW of renewables in India.
Earlier this 12 months, the corporate bought a 300MW photo voltaic PV venture in India’s Rajasthan area for US$199 million to infrastructure funding belief India Grid Trust.
