ReNew Power signs PPA with Seci for country’s maiden round-the-clock renewable energy project

ReNew Power said on Saturday that it has signed a power purchase agreement (PPA) for round-the-clock (RTC) electricity supply with the Solar Energy Corporation of India (Seci).

In order to supply power from the 400 mega-watt (MW) RTC project at 80% utilisation rate, the company will require around 900 MW of wind capacity and 400 MW of solar capacity, supplemented by battery storage. ReNew Power will set up this capacity through wind and solar farms across Karnataka, Maharashtra and Rajasthan, and the total project cost is estimated to be around $1.2 billion. Standalone solar and wind generation units usually operate at a lower capacity utilisation range of 20%-30%.