Indian solar developer ReNew Power has commissioned 250 megawatt (MW) capacity of its interstate transmission system solar generation project in Jaisalmer, Rajasthan.
The project has a total generation capacity of 300 MW and was won by ReNew Power in the third tranche of a competitive auction held by Solar Energy Corporation of India (SECI).
The company expects the remaining 50 MW of capacity to be commissioned by the end of this month.
The solar project is located in the Jaisalmer district of Rajasthan and has a 25-year power purchase agreement with SECI. The clean energy will be supplied to Bihar at a rate of Rs 2.55 per unit and direct employment to about 600 people.
According to the company press release, “This project is another step towards achieving close to 18 gigawatt of installed renewable energy capacity by 2025. This project was commissioned within the budget and the stipulated time despite COVID related challenges,” said Sumant Sinha, founder, chairman and chief executive officer, ReNew Power.
He added that this is the first project to be commissioned after ReNew Power started trading on NASDAQ. With this commissioning, ReNew Power expects to continue contributing to India’s growing renewable energy capacity, in line with the country’s ambitious targets of achieving a capacity of 450 GW by 2030.
The company said that in this project, it will be installing monocrystalline modules with fixed tilt and string inverters to enhance efficiency and will also be using the robotic module cleaning at the site to conserve water. As of August 31, ReNew Power had a 10.2 GW project portfolio, including 5.8 GW of operational wind, solar and hydropower projects in India. The rest is under construction or in the pipeline.