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ReNew signs first-of-its-kind PPA for electricity supply in India

August 09, 2021

India-based clean power outfit ReNew Power has signed a power purchase agreement (PPA) for round-the-clock (RTC) electricity supply, the first-of-its-kind in India.

The 25-year PPA is with the Solar Energy Corporation of India (SECI), a government-owned entity.

The hybrid project will be designed to operate at an 80% average annual plant load (PLF) factor and will have a minimum capacity utilisation factor of 70% monthly.

ReNew Power said it anticipates the 400MW RTC project will require 900MW of wind capacity, 400MW of solar supplemented by battery storage, because a typical solar/wind firm power renewable energy project in India has a lower PLF depending on site and technology selection.

ReNew Power will set up this capacity through wind and solar farms across Karnataka, Maharashtra and Rajasthan.

Total project costs are expected to be $1.2bn,

[Staff Report]

More: ReNew Power signs first ‘round-the-clock’ PPA in India

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