ReNew has commissioned its first interstate transmission project in Koppal, Karnataka. This line will help in the transmission of 1,500 MW of renewable energy. The rest of the capacity of the Koppal Transmission Scheme of 3,500 MW is anticipated to be completed by June 2024.
In FY22, the Koppal transmission project was awarded to ReNew for constructing a new 400/220 kV sub-station along with 276 circuit km of 400 kV transmission line. To date, the firm has secured three transmission projects in the state under the inter-state transmission scheme (ISTS). Its transmission projects are part of the ISTS for transmission of 5,000 MW of wind and solar power potential identified in the state under Phase-I of interconnection with the grid for 35 years.
In addition, ReNew has also signed an agreement on the second joint investment in the transmission sector with Norfund, the Norwegian Government’s Investment Fund for developing countries and KLP, Norway’s largest pension company, through their joint company KNI India AS. The company has partnered with Norfund and KLP to support India’s green energy transition.
The Central Transmission Utility (CTU), a wholly-owned subsidiary of Power Grid Corporation of India, will be responsible for billing, collection and disbursement of the revenue for these transmission projects.
In February this year, ReNew changed its brand identity, through which it forayed into offering end-to-end solutions across the entire decarbonization value chain.