Renew Power ISTS IX Solar PV Park is a 400MW solar PV power project. It is planned in Rajasthan, India. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in a single phase. The project construction is likely to commence in 2020 and is expected to enter into commercial operation in 2024. Buy the profile here.
The project is being developed and currently owned by ReNew Power. The company has a stake of 100%.
Renew Power ISTS IX Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $279.2m.
The project construction is expected to commence from 2020. Subsequent to that it will enter into commercial operation by 2024.
Power purchase agreement
The power generated from the project will be sold to Solar Energy Corporation of India under a power purchase agreement. The power will be sold at the rate of $0.038kWh for a period of 25 years.
For more details on Renew Power ISTS IX Solar PV Park, buy the profile here.
About ReNew Power
ReNew Power Pvt Ltd (ReNew Power), a subsidiary of Renew Energy Global PLC, is an independent power producer that generates through non-conventional and renewable energy sources. The company owns and operates utility-scale wind, solar and hydro energy projects. It also offers energy storage services. ReNew Power through its proprietary solution engine converts conventional energy to renewable energy through a round-the-clock green energy supply. The company serves commercial and industrial customers across India. It operates solar plants and wind farms in Telangana, Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Andhra Pradesh, India. The company through its subsidiaries operates in India, the UK, the US and Singapore. ReNew Power is headquartered in Gurugram, Haryana, India.