From pv magazine India
ReNew Power has announced plans to build a 300 MW solar power plant with South Korean contractor GS E&C in the Indian state of Rajasthan.
The Indian company – the country's first developer to install more than 5 GW of renewables – won the capacity under an auction held earlier this year by Solar Energy Corp. of India (SECI). The project will mark GS E&C's first foray into the Indian renewable energy sector.
“This remarkable project is the first step of our great journey putting the technical expertise and financial capability of both companies together. GS E&C and ReNew Power will continue to play an important role achieving the country’s ambitious target for the transition to cleaner energy,” said Huh Yun Hong, president and head of new business at GS E&C.
ReNew Power recently crossed the 5 GW installation mark with the commissioning of a 250 MW solar plant in Bikaner, Rajasthan. Managing Director Sumant Sinha said the company plans to add another 3 GW of PV capacity in two phases over the next 18 months. Around 1.5 GW of that will be commissioned by the middle of next year, Sinha claimed.
The Gurugram-based developer is backed by investors such as Goldman Sachs, the Abu Dhabi Investment Authority, the Canada Pension Plan Investment Board, the Global Environment Fund, and JERA, a joint venture between Japanese utilities Tokyo Electric Power and Chubu Electric Power.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.