ReNew Power (ReNew), a renewable energy company, has commissioned 105 MW solar generation facility in Gujarat.
The project has 25-year power purchase agreement (PPA) with the Gujarat Urja Vikas Nigam (GUVNL) to provide clean electricity to the state of Gujarat at a tariff of Rs 2.68/kWh (USD 0.036/kWh).
The company 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 located in Patan district of Gujarat takes ReNew’s total operational solar capacity in the state to 145 MW and total aggregate solar capacity to 4.7 GW across India.
Since March, the company has announced commissioning of over 500 MW (300 MW in Gujarat, 110 MW in Rajasthan and now 105 MW) of combined wind and solar energy projects.
ReNew Power has entered into a definitive agreement for a business combination with RMG Acquisition Corporation-II (RMGB), a publicly traded special purpose acquisition company (SPAC) that will result in ReNew becoming a publicly listed company.
The completion of the proposed transaction is subject to customary closing conditions and expected to occur in Q2/2021.
