ReNew Power to Double its Generation in Next 2 years

In Clean News, News, Renewable Energy, Solar, Uncategorized

ReNew Power Venture, a renewable energy company plans to double its generation capacity to 5 GW in the next two years. At present it has installed generation capacity of 2.4 GW and plans to add 1 GW capacity this fiscal.

An estimated investment of Rs 10,000 crore would be required to double the capacity to 5 GW and company sources say they have sufficient funds for the same. The company invested Rs 6,700 crore (USD 1 billion) to add 430 MW of solar and 626 MW of wind capacity in 2016-17. In April, ReNew Power Ventures had announced doubling its power generation capacity in a year’s time, which crossed 2 GW.

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