In 2020-21, Renew Power had closed with an operating capacity of 5.6 GW
Gurugram-based renewable power company Renew Power has commissioned a 300 megawatt SECI solar project in Rajasthan, taking its total operating asset to a record 7.4 gigawatt to date.
The company has installed a record 1.5 GW of renewable energy projects so far this fiscal year despite the pandemic challenges and supply chain disruptions and is on track to meet its goal of 8.2 GW of operational capacity by the end of 2021-22.
The bulk of Renew’s organic capacity addition that led it to surge past the 7 GW-mark is in Rajasthan and Gujarat. The new 1.5 GW capacity addition has more than 1.3 GW of utility scale solar projects. These include 1.2 GW in Rajasthan, 105 MW in Gujarat, and 20 MW in Maharashtra.
As much as 1.05 GW of the new generation capacity has PPAs with Solar Energy Corporation of India (SECI) for 25 years.
Company chairman and chief executive Sumant Sinha said the company is on track to achieve its aspirational goal of 18 GW by FY25 and 8.2 GW by the end of this fiscal year.
Renew Power recently announced a partnership with L&T for developing green hydrogen capacity. In 2020-21, Renew Power had closed with an operating capacity of 5.6 GW.