ReNew Power announces commissioning of 105-MW solar project in Gujarat

The new project takes ReNew Power’s total aggregate solar capacity growth to 4.7 GW across India.

ReNew Power recently announced commissioning of a 105-megawatt (MW) solar generation facility in Gujarat. The project has a 25-year power purchase agreement with the Gujarat Urja Vikas Nigam Limited (GUVNL) to provide clean electricity to Gujarat at a tariff of Rs 2.68/kWh (US$0.036/kWh). ReNew will deploy advanced mono perc solar modules with seasonal tilt structure design as part of the project to ensure greater generation efficiency and maximum utilisation of assets at the solar farm. This project is located in the Patan district of Gujarat.

This project makes ReNew’s total operational solar capacity in Gujarat to 145 MW and total aggregate solar capacity to 4.7 GW across India. Since March, ReNew Power has announced the commissioning of over 500 MW (300 MW in Gujarat, 110 MW in Rajasthan and now 105 MW) of combined wind and solar energy projects.

Speaking about the Gujarat solar farm project, Sumant Sinha, Founder, Chairman and CEO of ReNew Power, 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.”

As previously announced, ReNew Power has entered into a definitive agreement for a business combination with RMG Acquisition Corporation II, a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2021.