ReNew Power to invest $1.2 bn for country's 1st round-the-clock RE project

The project will be designed to operate at an 80% average annual PLF and will have a minimum capacity utilisation factor of 70% monthly, despite being a renewable energy project, says ReNew Power

ReNew Power will invest close to $1.2 billion in development of a 1.3 Gw of hybrid renewable energy (RE) project, which will provide round-the-clock (RTC) renewable power supply, a first for the country. The company won the project in May 2020 in a tender issued by central agency Solar Energy Corporation of India (SECI) by quoting a tariff of Rs 2.9 per unit. 

The company would set up the cumulative capacity at three locations – Karnataka, Maharashtra and Rajasthan. The hybrid capacity would include 0.9 Gw wind power, 0.4 Gw solar power along with corresponding battery storage. The company is