ReNew inks 800MW of solar PV PPAs in India

May 10, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
The power purchase agreements signed by ReNew will involve the development of 1.5GW of solar PV capacity. Image: ReNew Power.

Indian independent power producer (IPP) ReNew has signed 800MW of solar PV power purchase agreements (PPAs) in India.

Comprising of three separate solar PV PPAs, the company secured offtake agreements with utilities NTPC, Damodar Valley Corporation and Solar Energy Corporation of India at an average tariff of INR 2.59/kWh (US$0.03/kWh).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The Indian IPP also secured a 1GW PPA of firm and dispatchable renewable energy with SJVN at 4.39kWh and a 438MW PPA with an undisclosed commercial and industrial (C&I) company.

Overall, the PPAs will involve the development of 1.5GW of solar PV which is expected to be commissioned over the next 24 months. The location of where the solar PV capacity will be built was not disclosed.

These latest PPAs will contribute to expanding ReNew’s operational renewables portfolio which sits at nearly 9.5GW, as the company continues to expand its portfolio. Such as last year’s joint venture with Gentari Renewables India – a subsidiary of Malaysian clean energy solutions firm Gentari – to develop 5GW of renewables in India.

Earlier this year, the company sold a 300MW solar PV project in the Indian region of Rajasthan for US$199 million to infrastructure investment trust India Grid Trust.

Read Next

October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).
October 14, 2025
India has installed 4.9GW of residential rooftop solar capacity in the first half of 2025, according to a report by IEEFA and JMK Research.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK