ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants.
The company has signed PPAs with Solar Energy Corporation of India (SECI) and Punjab State Power Corporation Ltd (PSPCL), as well as multiple long-term purchase agreements with corporate buyers together totalling around 2 GW, a company statement said.
This has seen the company’s gross total portfolio jumping to 12.1 GW from 10.2 GW at the beginning of this calendar year.
The new utility solar projects will be located in the western state of Rajasthan and have flat tariffs over 25 years.
Four solar PPAs have been signed with SECI and one with PSPCL. Two PPAs of 600 MW and 375 MW are under the SECI Rajasthan IV scheme, where ReNew will supply…
ReNew Power inks 5 PPAs to supply around 1500 MW solar energy
