ReNew Power has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive E-reverse auction conducted by the Solar Energy Corporation of India.
As previously announced, ReNew has entered into a definitive agreement for a business combination with RMG Acquisition Corporation II, a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2021.
The 300 MW project, located in Gujarat’s Kutch District, will provide clean power to the states of Haryana and Orissa at a wholesale rate of INR2.44 (US $0.034) per unit (kWh), a lower rate than that of power generated through conventional thermal power plants in the region. The project will also provide direct employment to over 200 people.
Country updates
-
-
April 14, 2021
Adani Green completes acquisition of 20 MW Mahoba solar project in Uttar Pradesh
Adani Green Energy Limited has completed the acquisition of 100% of the share capital and all the securities of Spinel Energy & Infrastructure (SEIL) from Hindustan Cleanenergy and Peridot Power V...
Read more -
April 13, 2021
ReNew Power finalizes 110 MW solar project in Rajasthan
ReNew Power has commissioned a 110 megawatt (MW) solar generation facility in the Indian state of Rajasthan. As part of the project, ReNew has signed a power purchase agreement with Solar Energy Corp...
Read more -
March 28, 2021
Adani Transmission enters deal to acquire Warora-Kurnool Transmission for US$465mn
Adani Transmission Limited (ATL), a subsidiary of Adani Group, has agreed to enter into an agreement with Essel Infraprojects Limited (EIL) to acquire the Warora-Kurnool Transmission Limited (WKT...
Read more -
March 25, 2021
AC Energy closes financing for 100 MW Sitara Solar solar PV project in Rajasthan
AC Energy and Infrastructure Corporation (AC Energy), together with its partner UPC Solar Asia Pacific, reached financial close for its 100 MW (140 MWp) Sitara Solar Farm in India. Located in Rajasth...
Read more -
March 16, 2021
Adani, O2 Power acquire stakes in 250 MW solar PV project in Jodhpur
Adani Group's green energy firm Adani Green Energy Ltd. (AGEL) has been in advanced discussions for the acquisition of stakes in the 250 MW photovoltaic solar park located in Bhadla, Jodhpur district,...
Read more
