ReNew Power to commission 10.2 GW renewable energy capacity by 2022-23

ReNew Power is looking to commission its 10.2 GW renewable energy capacity by 2022-23.

The portfolio includes 3.8 GW of committed capacity i.e., which has power purchase agreements/letters of award or for which the company has a binding acquisition agreements. The capacity is expected to generate annual earnings before interest, taxes, depreciation, and amortization of USD 1.1 billion – 1.2 billion, double of USD 578 million in 2020-21. The company also aims to have 18 GW of renewable energy capacity by 2024-25, from the 6.4 GW operating at present.