ReNew Power wins 200 MW ISTS project in MSEDCL solar auction

ReNew Power has won a 200 MW interstate transmission system (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL).

ReNew Power is likely to sign a power purchase agreement of 25-year with MSEDCL by the third fiscal quarter of 2022 to supply to Maharashtra at a tariff of Rs 2.43/ kWh. The project is expected to be constructed in Gujarat or Rajasthan and completed by the first fiscal quarter of 2024. ReNew Power is looking to deploy high efficiency Mono Perc modules with string inverters along with domestically manufactured modules from its own manufacturing facility.

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