ReNew Power

Indian independent power producer (IPP) ReNew Power has confirmed strategies to introduce an upstream solar cell as well as module production center in India.

With Work finally starting on NTPC Ramagundam's Floating solar project, with a planned capacity of 100 MW, floating solar is back in focus. The Ramagundam project is being built on the balance reservoir of NTPC's Ramagundam Super Thermal Power Station, with a nameplate capacity of 2600 MW itself. The reservoir itself gets its water from the Sriram Sagar Project, a critical water project for Telangana state.

After the success of its previous 1200 MW tender for eco-friendly generation plus assured peak supply, the Solar Energy Corporation of India (SECI) has actually released a notification welcoming tender (NIT) for a repeat of its previous tender. That was oversubscribed by 420 MW.

SECI has actually wrapped up the public auction for its 1200 MW solar tender, granting the complete tendered ability to the 4 effective prospective buyers.

ReNew Power, Greenko Group have been selected for development of 1.2-gigawatt hybrid solar and wind power plants with battery storage in the tender held by Indian SECI.

ReNew Power gets a 51-percent stake of the project, while the Korean contractor will hold the remaining 49 percent. The project has been won during the tranche-IV tender held by SECI in 2019.

The rising solar appetites of global investors so far in 2019 have put the industry on course to reach full-year financing volumes unseen since 2017, according to Mercom.

Fundraising activity for solar leaped in the July-to-September period to provide healthy quarterly and year-so-far comparisons on 2018.