Last Updated on 25th July 2024
ReNew, one of the top 7 renewable energy companies in India, inaugurated a 400 MW solar project in Rajasthan on Tuesday as part of a 600 MW power purchase agreement (PPA) signed with the Solar Energy Corporation of India Limited (SECI) to generate clean energy in Rajasthan for the next 25 years.
The 600 MW solar power plant covers an area of over 2000 acres across multiple villages in the Pokran and Bhaniyana tehsils of Jaisalmer district, Rajasthan. It is expected to generate about 1331 million units of electricity annually. Additionally, the project offers a competitive PPA tariff of Rs. 2.18/kWh.
During the inauguration of the project, Rajasthan Chief Minister Shri Bhajan Lal Sharma commented, “The production of renewable energy from the 400 MW solar power plant in Jaisalmer today by ReNew is an important step towards making the state self-reliant. Production of the remaining 200 MW will start by October.” He further added, “Adding renewable capacity will reduce the cost of power, resulting in lower tariffs for consumers and also savings for the government. Through this plant, electricity will be supplied to Rajasthan discom at very cheap rates.”
Furthermore, the project is connected to Jaisalmer-II (Bhensara) of Rajasthan Rajya Vidyut Prasaran Nigam Limited (“RVPNL”) and is the largest solar project connected to RVPNL. SECI has also executed a PPA with Rajasthan Urja Vikas Nigam Limited (RUVNL)/Rajasthan Discom for the same duration.
The project will result in an annual offset of about 1.4 million tons of CO2 equivalent emissions, significantly contributing to environmental sustainability. It has already generated significant employment during construction and will continue to do so in the operational phase, benefiting local communities through long-term land lease agreements. The project will use solar PV modules manufactured by ReNew.
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