ReNew Power signs PPA for 400 MW power supply

ReNew Power is set to invest $1.2 billion to supply 400 MW of power and has signed a long-awaited power purchase agreement (PPA) with the state-run Solar Energy Corporation of India (SECI). This electricity will be provided to the New Delhi Municipal Corporation, Dadra and Nagar Haveli, Daman and Diu, and will require 900 MW of wind energy and 400 MW of solar energy, as well as a battery storage system. This wind and solar capacity will be located in the states of Karnataka, Maharashtra, and Rajasthan. This comes as ReNew Power prepares to merge with RMG Acquisition Corp.

Contact: ReNew Power.

Website: www.renewpower.in