PPAs have been held up after the 2GW PV auction in Telangana. Flickr: Ankur P
India-based renewable energy developer ReNew Power has signed power purchase agreements (PPAs) for four grid-connected PV projects with a combined capacity of 286MW in the Indian state of Telangana.
ReNew Power won the highest capacity of projects in Telangana’s 2GW solar auction last year.
However, at the end of 2015, PV Tech reported that many solar developers who were allocated capacity in the Telangana auction were facing severe delays in the signing of PPAs with the state’s government. A letter had revealed that a group of disgruntled PV developers were facing serious delays in receiving Letters of Approval (LOAs), which were being held up at the chief minister of Telangana’s office.
Despite this, Canada-based renewables firm SkyPower managed to sign PPAs for four PV projects totalling 200MW combined in February this year.
Now ReNew Power has followed suit by signing PPAs for 286MW. The company now has 410MW of PV commissioned or under construction in Telanagana.
Sumant Sinha, chairman and chief executive of ReNew Power said: "The signing of these PPAs gives a further boost to the leadership position that ReNew Power holds in the clean energy space. The project will be implemented in line with our highest quality standards and at a swift pace. We believe Telangana will play an important role in helping India meet its solar energy target of 175GW capacity by 2022."