ReNew Power Commissions 110 MW Solar Project in Jaisalmer

ReNew Power has commissioned a 110 MW solar generation facility in Jaisalmer and signed a PPA with SECI at a tariff of Rs 2.49/kWh.

ReNew Power has announced that it has successfully commissioned a 110 megawatt (MW) solar generation facility in Jaisalmer, Rajasthan. As part of the project, the firm has signed a power purchase agreement with Solar Energy Corporation of India (SECI) at a tariff of Rs 2.49/kWh and will provide clean energy to the state.

The solar project in Jaisalmer district is a part of an eventual 2300 MW of solar capacity that ReNew is bringing in Rajasthan, the company said in a statement. The balance of the 2300 MW capacity will generate electricity to be fed into the national grid, helping India achieve the target of 450 gigawatts of clean energy by 2030.

“The commissioning of our solar project in Rajasthan is another step in ReNew’s ambitious solar energy programme. In Rajasthan alone, we aim to commission 2300 MW of solar power capacity by 2023,” Founder, Chairman and CEO of ReNew Power, Sumant Sinha said.

With this commissioning, ReNew’s total solar capacity in Rajasthan stands at 500 MW.

In March, the firm had announced the commissioning of a 300 MW wind power generation facility in Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive E-reverse auction conducted by SECI. 

The 300 MW project, located in Gujarat’s Kutch District, will provide clean power to the states of Haryana and Orissa at a wholesale rate of 2.44 Indian Rupees (USD 0.034) per unit (kWh), a lower rate than that of power generated through conventional thermal power plants in the region. With this commissioning, the firm cemented its position as the leader in the renewable energy sector in the state of Gujarat, with commissioned wind generation capacity of 950 MW.

The firm has also been in the news recently for the definitive agreement it signed for a business combination with RMG Acquisition Corporation II, a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company at NASDAQ.

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