ReNew Power Commissions 105 MW Solar Facility in Gujarat

• ReNew Power introduced yesterday (April 21) that it has appointed a 105 MW solar generation facility in Gujarat, with the project having a 25-year power purchase arrangement with Gujarat Urja Vikas Nigam Ltd (GUVNL) at a toll of Rs 2.68/ kWh.

The project has advanced mono perc solar modules with seasonal tilt framework design as part of this project to ensure higher generation efficiency and maximum utilization of possessions at the solar ranch.

As of December 31, 2020, ReNew Power had a capability of roughly 10 GW of wind as well as solar energy projects across India, including appointed and also committed projects.

The Gujarat project lies in Patan District and boosts ReNew's overall operational solar capacity in the state to 145 MW and overall aggregate solar ability to 4.7 GW across the country. Because March this year, the firm has announced commissioning of over 500 MW of incorporated wind and solar energy projects, including 300 MW in Gujarat, 110 MW in Rajasthan and also currently 105 MW in Gujarat once again.

Talking about the freshly appointed solar ranch, Sumant Sinha, Chairman As Well As Owner at Renew Power said that, "The 105 MW Gujarat project appointing is a significant advance for ReNew Power. The project has been appointed in the middle of a COVID-19 surge as well as mirrors the dedication of our team to add towards India's aspiration of achieving 450 GW of tidy power by 2030."

To state a previous announcement, ReNew Power has become part of a conclusive arrangement for a business mix with RMG Purchase Company II (NASDAQ: RMGB), an openly traded unique objective procurement business (SPAC), that would lead to ReNew ending up being a publicly provided company. Completion of the recommended purchase undergoes customary closing problems as well as is anticipated to happen in the second quarter of 2021.