Renew Power Commissions 250 MW Solar project In Rajasthan

• The project becomes part of the 300 MW project it won in SECI-3, with the continuing to be 50 MW anticipated to be commissioned by month end.
• 2021 might yet be the very best year ever for fresh solar capacity production.

ReNew Power today introduced the commissioning of 250 MW capability of its Interstate Transmission System (ISTS) solar generation project, SECI-3. The project has a total generation capability of 300 MW which was won by ReNew Power in tranche 3 of the competitive public auction carried out by the Solar Energy Corporation of India (SECI). ReNew expects the remaining 50 MW capability to be commissioned by the end of this month.

This solar project is in the Jaisalmer district of Rajasthan as well as has a 25-year Power Purchase Agreement (PPA) with SECI and will certainly provide tidy electricity to the state of Bihar at a price of INR 2.55/ kWh (~ US$ 0.035). The project is also anticipated to provide direct employment to around 600 individuals, according to the firm.

In this project, ReNew has actually mounted monocrystalline components with taken care of tilt and also string inverters which enhance the project performance. ReNew will additionally be making use of robot component cleansing at this website to assist preserve water in the desert state of Rajasthan.

Discussing the commissioning, Founder, Chairman and Chief Executive Officer of ReNew Power, Sumant Sinha said, "With this appointing, ReNew Power remains to contribute dramatically to India's growing renewable resource capability in accordance with the nation's enthusiastic targets of accomplishing a capability of 450 GW by 2030. This is the first project to be appointed after ReNew began trading on NASDAQ (RNW) and is another step in the direction of ReNew attaining near to 18 GW of installed renewable resource ability by 2025. I am delighted that our teams had the ability to commission this project within the spending plan as well as within the specified time despite COVID related difficulties."

As of August 31, 2021, ReNew Power has a complete capability of 10.2 GW out of which 5.8 GW is operational across wind, solar as well as hydro energy projects in India and the rest is incomplete or in the pipe.

The most up to date appointing from the company contributes to a string of projects browsing the web this year, as well as further strengthens the odds of 2021 being the best year on record for fresh capacity production. While industry estimated for 2021 have actually placed a possible number in between 8.5 GW to 9 GW for this year, steps taken to clear obstacles by the MNRE seem to have actually thrived, as well as we might really see the magic 10 GW number got to as well