ReNew signs 5 PPAs; expands portfolio to 15.6 GW

14 May 2024 CW Team

ReNew, a prominent renewable energy company in India, has announced the signing of five Power Purchase Agreements (PPAs) totalling around 2.2 GW of renewable energy capacity. This move expands its fully contracted renewable energy portfolio to 15.6 GW. Additionally, ReNew has received Letters of Award for an additional 5.8 GW of renewable energy capacity.

Among these agreements, three solar PPAs totaling 800 MW were signed with NTPC Limited, Damodar Valley Corporation, and Solar Energy Corporation of India Limited, at a weighted average tariff of Rs 2.59 per kWh. Furthermore, a 1 GW Firm and Dispatchable Renewable Energy (FDRE) PPA was inked with SJVN Limited at a tariff of Rs 4.39 per kWh. ReNew also signed a 438 MW PPA with a major multinational commercial and industrial customer.

?We are thrilled to announce the signing of these significant PPAs. This achievement reflects our unwavering commitment to India's renewable energy goals and strengthens our position as a leading green energy provider. These agreements, with a strong counterparty profile, will not only contribute to a cleaner future but also deliver long-term financial benefits for ReNew and its shareholders?, said Sumant Sinha, Founder, Chairman, & CEO, ReNew.

These PPAs entail the development of 1,500 MW of solar and 688 MW of wind projects, with commissioning expected over the next 24 months. ReNew's expansion aligns with India's goal of achieving 500 GW of non-fossil fuel energy capacity and reducing carbon emissions by one billion tonnes by 2030. Since its establishment in 2011, ReNew has played a significant role in fostering sustainability in the Indian economy. With an operational capacity of approximately 9.5 GW, ReNew is poised to annually generate around 21 billion units of clean electricity, sufficient to power six million households and mitigate approximately 17 million tonnes of CO2 emissions annually.

(Source: ET)

Infrastructure Urban

03 Jul 2026

Hindustan Zinc Adds HZDA 5 To BIS Alloy Portfolio

Hindustan Zinc has expanded its BIS-certified alloy portfolio after extending its BIS licence scope to include Hindustan Zinc Die-Casting Alloy 5, or HZDA 5. The certification confirms compliance with recognised quality standards and offers customers greater assurance on product consistency, reliability and performance.With both HZDA 3 and HZDA 5 now covered under BIS certification, the company has widened its certified zinc alloy offering for domestic and international customers. The certification is expected to support industrial buyers seeking materials backed by recognised quality controls..

Liebherr Launches LMC 80 Soil Mixing Cutter

Liebherr has expanded its deep foundation portfolio with the launch of the LMC 80 cutter soil mixer, designed for noise-reduced and low-vibration ground improvement applications. The solution uses Liebherr’s LRB 23 or LRB 355 piling and drilling rigs as carrier machines, offering customers an integrated package from a single source.The LMC 80 can be used in all mixable soil types to install load-bearing or sealing elements. Its four cutting wheels are driven by a maximum torque of 2x 80 kilonewton metres and can reach a maximum rotational speed of 30 revolutions per minute, depending on grou..

Gurugram Corridors Drive NCR Housing Investment

Magicbricks Research has reported that Delhi-NCR has the most centralised housing investment pattern among India’s four largest urban markets, with Gurugram emerging as the region’s primary investment hub.According to the analysis, Gurugram accounts for nine of NCR’s 15 most-invested localities and contributes more than 50 per cent of their cumulative market value. The Dwarka Expressway and Sector 79 together represent around 20 per cent of the top 15 investment value, strengthening south-southwest Gurugram as a key centre for new residential launches.The report also highlights a strong ..