Key Takeaways
- Torrent Green Energy Pvt Ltd has been awarded a 300 MW wind project with a tariff of Rs 3.97 per unit.
- The project is expected to be completed within 24 months, with an investment of approximately Rs 2,650 crore.
- This win increases Torrent’s total renewable capacity under development to 3.3 GWp.
New Wind Project Awarded
Torrent Power announced that its subsidiary, Torrent Green Energy Pvt Ltd, has successfully bid for a 300 MW wind project. The project comes with a competitive tariff of Rs 3.97 per unit and is expected to be commissioned within 24 months from the date of signing the power purchase agreement (PPA). The total estimated investment for this initiative is around Rs 2,650 crore.
On June 11, Torrent Green Energy received a ‘Letter of Award’ from the Solar Energy Corporation of India (SECI). This project falls under the Wind Tranche-XVIII category, which aims to enhance India’s renewable energy capacity. With this new endeavor, Torrent’s renewable energy capacity in development has now risen to a substantial 3.3 GWp.
Torrent Power, part of the Torrent Group, stands as one of the largest players in India’s power sector. The company operates across the entire power value chain, encompassing generation, transmission, and distribution. The addition of this wind project not only strengthens Torrent’s renewable portfolio but also contributes to India’s overarching goals of increasing clean energy production and reducing reliance on fossil fuels.
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