Gurugram-based independent power producer ReNew Power has commissioned 300 MW solar plant at the Pavagada Solar Park, located in Tumkur district of Karnataka. This is ReNew Power’s largest solar plant commissioned in terms of capacity till date and will help mitigate 0.6 million tonne of CO2 emissions per year.
Speaking on this occasion, Sumant Sinha, chairman and managing director of ReNew Power said, “We are committed to providing efficient clean energy solutions to drive sustainable economic growth in India and do our bit to arrest climate change.”
Commenting on the distinguishing features of this solar plant, Parag Sharma, chief operating officer, said, “This is the first utility-scale solar plant in India to use high-efficiency mono-PERC solar modules and is based on seasonal tilt technology with string inverters.”
“With the commissioning of this site, we have now increased our installed capacity in the 2000 MW Pavagada Solar Park to a total of 350 MW, reinforcing our status as one of the principal developers. The plant, during its construction phase, generated direct and indirect employment for around 1,500 people and will directly employ more than 100 people post commissioning,” Sharma added.
To mark this occasion, a solar rooftop installation was inaugurated at the GHP School, Valluru, adjacent to ReNew’s solar farm at Pavagada, under its flagship programme ‘Lighting Lives.’
Last month, ReNew Power had raised US$ 375 million through the issue of a green bond. The proceeds from the issuance will be used for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects.
ReNew Power currently has a solar portfolio of nearly 3 GW across India, including both commissioned and projects under development. It develops, builds, owns and operates utility-scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.