Pallonji, ReNew Power to invest Rs 750 cr in UP solar power project
ReNew Power and Shapoorji Pallonji will collectively invest nearly Rs 750 crore in a 150 megawatt (mw) floating solar power project in Uttar Pradesh.
It is not only touted as first such project in UP, but also the largest floating solar energy project in India. The project would come up at the existing Rihand hydro power project of UP Jal Vidyut Nigam Limited (UPJVNL) at Sonbhadra in the arid Bundelkhand region, bordering Madhya Pradesh, Chhattisgarh, Jharkhand and Bihar.
ReNew Power and Shapoorji Pallonji will develop 100 mw and 50 mw of the solar power capacity, respectively, UP energy minister Shrikant Sharma told the media after the state cabinet meeting chaired by chief minister Adityanath cleared the proposal this afternoon.
