ReNew Power – CleanTechies

750 Megawatts Solar Tender In India Draws Bids For 7,500 Megawatts

written by saurabh

One of the recent solar power auctions in India has received a massive response from project developers.

The Rewa solar power park tender of 750 megawatts has attracted bids from some of the leading project developers in India and abroad. A total of 20 developers have placed bids with a cumulative capacity of 7,500 megawatts, translating into a 10 times over-subscription of the tender.

The solar power park will be developed in 3 phases of 250 MW capacity each, spread over a total of 1,500 hectares. Power generation from the first phase is expected to start beginning in June 2017, with the entire capacity expected to be fully operational by December 2017.

Of the 20 bidders, four have submitted to develop all three sections of the park. ReNew Power (one of India’s leading renewable energy developers and backed by Goldman Sachs), SBG Cleantech (joint venture between Bharti Enterprises, SoftBank and Foxconn), Enel Green Power and Adani Group (operator of India’s largest solar power project) submitted bids to develop the entire 750 megawatts capacity.

Hero Future Energies and Mahindra Renewables, both parts of large industrial conglomerates in India placed bids to develop 500 megawatts each.

A number of reputed Indian and global companies submitted bids to develop 250 megawatts capacity each. These include Acme Solar, Orange Renewables, Torrent Power, GDF Suez, RattanIndia Power, Aditya Birla Renewables, Azure Power Canadian Solar and Solenergi Power.

Almost a third of the planned capacity has already been allocated to the Delhi Rail Metro Corporation (DMRC) while the rest will be signed up by the distribution utilities of the host state, Madhya Pradesh. The International Finance Corporation (IFC) will provide funding for the project.

01/31/2017 0 comment

Renewable Energy

Suzlon Energy Wins Repeat Wind Energy Order Of 132 MW From ReNew Power

written by saurabh

One of India’s largest renewable energy solution providers Suzlon Energy has received repeat order from Independent Power Producer ReNew Power Limited for 132 MW wind farm in Andhra Pradesh.

The contract signed with ReNew Power is for the supply of 48 units of S97 turbines with 90-metre tubular towers and 15 units of S97 with 120-metre hybrid towers. The rated capacity of each machine is 2.1 MW. In addition, Suzlon will provide a comprehensive range of services and dedicated life cycle asset management services for the wind farm for the first 12 years.

According to the statement issued by Suzlon Group, the project is capable of providing power to over 70,000 households and would off-take 0.28 million tonnes of CO2 emissions per annum. The expected commissioning of the project is by March 2017.

ReNew Power is one of the leading customers of Suzlon and both have worked together on over 510 MW of projects spanning across the states of Gujarat, Rajasthan, Maharashtra, Madhya Pradesh and Andhra Pradesh. ReNew Power has 220 MW of wind projects in pipeline in Andhra Pradesh.

Suzlon’s shares rose by nearly 2% after receiving this repeat order from ReNew Power. Suzlon was struggling with huge debt for the past few years, however, repeat orders like this would improve company’s condition and would help to regain stakeholder’s interest in once called India’s largest wind turbine manufacturing company.

08/27/2016 0 comment