ReNew signs five PPAs to supply 1,500 MW power from solar plants

30 Apr 2022 CW Team

ReNew Power told the media that it had signed five Power Purchase Agreements (PPAs) for supplying around 1,500 MW of electricity generated from solar plants.

It has signed PPAs with Solar Energy Corporation of India (SECI), Punjab State Power Corporation Limited (PSPCL), and multiple long-term PPAs with corporate buyers of around 2 GW.

The company's gross total portfolio increased to 12.1 GW from 10.2 GW at the beginning of this calendar year (CY).

The new solar power projects will be located in the western state of Rajasthan with tariffs over 25 years.

Overall, four solar PPAs have been signed with SECI, of which two PPAs of 600 MW and 375 MW are under the SECI Rajasthan IV scheme, where ReNew Power will supply electricity at Rs 2.18 per KWh. The other two PPAs with SECI for 300 MW and 100 MW are under the SECI IX scheme at Rs 2.37 per KWh.

The company had recently acquired a beneficial interest in the 300 MW from SECI IX and 375 MW from SECI Rajasthan IV projects.

PSPCL has a PPA of 100 MW, and ReNew will supply electricity at Rs 2.33 per KWh. All the projects will be commissioned by the fourth calendar quarter of 2023.

The corporate buyers have signed long-term PPAs with ReNew for purchasing clean energy or renewable energy credits for around 0.5 GW at Rs 3.06-3.95 per KWh.

ReNew Power has a corporate portfolio of over 900 MW, making it one of the largest renewable energy solutions providers to corporate buyers.

CEO and Chairman of ReNew Power, Sumant Sinha, said that the addition of 1.9 GW above threshold returns is a testament to the company's competitive advantages.

The company also announced an investment by Mitsui and Co Limited in its 1.3 GW round-the-clock renewable energy project and a joint venture (JV) agreement with Indian Oil Corporation Limited (IOCL) and Larsen and Toubro (L&T) for developing green hydrogen capacity in India.

Image Source

Also read: ReNew Power signs PPA for 400 MW power supply

ReNew Power told the media that it had signed five Power Purchase Agreements (PPAs) for supplying around 1,500 MW of electricity generated from solar plants. It has signed PPAs with Solar Energy Corporation of India (SECI), Punjab State Power Corporation Limited (PSPCL), and multiple long-term PPAs with corporate buyers of around 2 GW. The company's gross total portfolio increased to 12.1 GW from 10.2 GW at the beginning of this calendar year (CY). The new solar power projects will be located in the western state of Rajasthan with tariffs over 25 years. Overall, four solar PPAs have been signed with SECI, of which two PPAs of 600 MW and 375 MW are under the SECI Rajasthan IV scheme, where ReNew Power will supply electricity at Rs 2.18 per KWh. The other two PPAs with SECI for 300 MW and 100 MW are under the SECI IX scheme at Rs 2.37 per KWh. The company had recently acquired a beneficial interest in the 300 MW from SECI IX and 375 MW from SECI Rajasthan IV projects. PSPCL has a PPA of 100 MW, and ReNew will supply electricity at Rs 2.33 per KWh. All the projects will be commissioned by the fourth calendar quarter of 2023. The corporate buyers have signed long-term PPAs with ReNew for purchasing clean energy or renewable energy credits for around 0.5 GW at Rs 3.06-3.95 per KWh. ReNew Power has a corporate portfolio of over 900 MW, making it one of the largest renewable energy solutions providers to corporate buyers. CEO and Chairman of ReNew Power, Sumant Sinha, said that the addition of 1.9 GW above threshold returns is a testament to the company's competitive advantages. The company also announced an investment by Mitsui and Co Limited in its 1.3 GW round-the-clock renewable energy project and a joint venture (JV) agreement with Indian Oil Corporation Limited (IOCL) and Larsen and Toubro (L&T) for developing green hydrogen capacity in India. Image Source Also read: ReNew Power signs PPA for 400 MW power supply

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..