ReNew Power Signs PPA For 6 MW Solar Rooftop Project With DMRC

GURGAON, India, June 21, 2016 /PRNewswire/ --

- ReNew Power Enters Into an Agreement With DMRC to Install Solar Rooftops Across Various Metro Stations in New Delhi 

- The Total Capacity of Rooftop Installations Will be 6 MW 

- The Power Purchase Agreement has Been Signed for a Term of 25 Years 

- With Close to 5 MW to be Installed in Parking Lots, This Project is one of India's Largest Solar Installation at Parking Lots in India 

ReNew Power Ventures Private Limited, India's leading solar and wind energy company, signed PPA for 6 MW solar installations with Delhi Metro Rail Corporation (DMRC) for various metro stations in Delhi for a term of 25 years.

     (Logo: http://photos.prnewswire.com/prnh/20150519/10123113 )

The major lines allocated under this PPA are Dwarka Sector 21 to Rajiv Chowk; Badarpur to Central Secretariat and a few others are expected in the future. The major stations that will be covered within these lines include Badarpur, Tughlakabad, Dwarka Sec 21, Airport Depot, Govindpuri, Sarita Vihar, Kaushambi, Karkarduma, Yamuna Bank, Kirti Nagar amongst others, which are estimated to be completed by February 2017. In total, the project will generate more than 8 million units of power annually and offset over 7,000 tons of carbon emissions every year.

With nearly 5 MW capacity planned to be executed in parking lots, this project is one of India's largest solar system installation in parking lots till date. Solar PV Carports shall cater energy to metro stations and will also facilitate parking space for two and four wheelers.

Speaking of this new undertaking, Mr. Sumant Sinha, Chairman and CEO, ReNew Power said, "ReNew Power is proud to be instrumental in accomplishing DMRC's initiative of going solar. As we look forward to the implementation of this project, we also hope to be a part of many such ventures in future."

ReNew Power, which recently achieved 1 GW of commissioned solar and wind energy capacity in March 2016, is installing many similar rooftop projects with reputed off-takers pan India.

Some of ReNew Power's notable achievements:

1. ReNew Power is the best capitalized renewable energy company in the country.
2. ReNew Power is the largest capital raiser in debt markets in the renewable energy IPP sector in the last 5 years with over Rs. 8,000 crore of debt sanctions.
3. In September 2015, ReNew Power installed and commissioned India's tallest wind tower. It is a lattice/tubular tower (hybrid tower) of 120 m height, installed for the first time anywhere on-shore in the world.
4. In September 2015, ReNew Power launched the first-ever infrastructure bond issuance credit enhanced by IIFCL, rated AA+.
5. First company to get a $250 million line from OPIC to debt finance solar projects.
6. Portfolio of over 300 MW (including rooftop solar) for fulfilling the green power requirements of large industrial and commercial consumers across states.
7. Over 20 MW of commissioned and under-construction project capacity in distributed solar with marquee customers from various industry sectors like automobile, textile , IT and ITES, hospitality etc.
8. All ReNew Power projects are UNFCCC (United Nations Framework Convention on Climate Change) registered.
9. Currently, commissioned ReNew Power projects are mitigating 2.08 million tons of CO₂ emissions till date, and will mitigate more than 52 million tons of CO₂ emissions in their lifetime.

About ReNew Power Ventures Pvt. Ltd.  

ReNew Power Ventures Pvt. Ltd, an Independent Power Producer (IPP) company, is committed to leading change in the country's current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India's carbon footprint. ReNew Power's mission is to play a pivotal role in meeting India's growing energy needs in an efficient, sustainable and socially responsible manner. The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions. ReNew Power has more than 2,500 MW of commissioned and under-construction clean energy capacity across nine states in India (Maharashtra, Rajasthan, Karnataka, Gujarat, Madhya Pradesh, Haryana, Jharkhand Telangana, and Andhra Pradesh). For more information please visit: http://www.renewpower.in. Follow ReNew Power on Twitter @ReNew_Power.

About Delhi Metro Rail Corporation (DMRC) 

For implementation and subsequent operation of Delhi MRTS, a company under the name Delhi Metro Rail Corporation (DMRC) was registered in 1995. The Delhi Metro has been instrumental in ushering in a new era in the sphere of mass urban transportation in India. The swanky and modern metro system introduced comfortable, air conditioned and eco-friendly services for the first time in India and completely revolutionized the mass transportation scenario not only in the National Capital Region but the entire country.

Media contact:
Tanushree Mukherjee
[email protected]
+91 9871357402
Executive, Corporate Communications
ReNew Power Ventures Pvt. Ltd.