ReNew Power commissions 105MW solar power plant in Gujarat
Indian renewable energy company ReNew Power has commissioned a 105MW solar power plant in Patan District, Gujarat.
The Patan solar power plant is underpinned by a 25-year power purchase agreement (PPA) with the Gujarat Urja Vikas Nigam Limited (GUVNL). Under the long term PPA, the ReNew Power project will supply clean electricity to Gujarat at a tariff of INR2.68/kWh ($0.036/kWh).
As part of the project, ReNew Power will install advanced mono perc solar modules with seasonal tilt structure design for facilitating greater generation efficiency and maximum utilization of assets at the Gujarat solar farm.
The Patan District solar power plant takes the total operational solar capacity of ReNew Power to 145MW in Gujarat, while its total aggregate solar power capacity has gone up to 4.7GW across India.
Since March 2021, ReNew Power has commissioned more than 500MW, which includes 405MW in Gujarat, 110MW in Rajasthan of wind and solar energy projects.
Sumant Sinha – Founder, Chairman, and CEO of ReNew Power, commenting on the Gujarat solar farm project, said: “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.”
Earlier this year, ReNew Power had agreed to merge in a $8 billion worth deal with a US-based blank check company RMG Acquisition Corporation II with an aim to get listed on NASDAQ. The deal, which is subject to customary closing conditions, is likely to close in Q2 2021.