ReNew Power Commissions 105 MW Solar Facility in Gujarat

ReNew Power announced yesterday (April 21) that it has commissioned a 105 MW solar generation facility in Gujarat, with the project having a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) at a tariff of Rs 2.68/kWh. The project has advanced mono perc solar modules with seasonal tilt structure design as part of this project to ensure greater generation efficiency and maximum utilization of assets at the solar farm.

As of December 31, 2020, ReNew Power had a capacity of approximately 10 GW of wind and solar energy projects across India, including commissioned and committed projects.

The Gujarat project is located in Patan District and increases ReNew’s total operational solar capacity in the state to 145 MW and total aggregate solar capacity to 4.7 GW across the country. Since March this year, the company has announced commissioning of over 500 MW of integrated wind and solar energy projects, including 300 MW in Gujarat, 110 MW in Rajasthan and now 105 MW in Gujarat again.

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Commenting on the newly commissioned solar farm, Sumant Sinha, Chairman And Founder at Renew Power said that, “The 105 MW Gujarat project commissioning is a significant step forward for ReNew Power. The project has been commissioned amidst a COVID-19 surge and reflects the commitment of our team to contribute towards India’s ambition of achieving 450 GW of clean energy by 2030.”

To reiterate a previous announcement, ReNew Power has entered into a definitive agreement for a business combination with RMG Acquisition Corporation II (NASDAQ: RMGB), a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2021.

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