Power India found that ReNew Wind Power (Mumbai based Independent Power Producer) has recently commissioned its first wind power project of 25.2 MW in Jasdan site, Rajkot, Gujarat.
A little brief on ReNew Wind Power:
- ReNew Wind Power is founded by Mr. Sumant Sinha who was earlier the Chief Operating Officer CEO) of Suzlon Energy. (More info on Sumant Sinha)
- It aims to become the leading renewable energy IPP in India by tapping the large wind and solar power potential in the country and creating a high quality and sustainable business.
- The company also want to look at expanding its operations into alternative energy sources like biomass and hydro in diverse locations, for which it has built a highly qualified team with significant operating expertise who deeply understand the dynamics of the renewable business.
- ReNew Wind Power, has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs (NYSE: GS) on September 26, 2011, (Goldmand Sachs - a leading global investment bank and active investor in alternative energy/clean technology.) This was the largest investment in India’s renewable energy generation sector.
Something on Company’s Plans & Projects
- Renew Wind Power plans to develop 1000 MW of Renewable Energy projects by 2015.
- The first project is a Twenty Five MW project which is getting commissioned in February 2012 and is developed in the state of Gujarat.
- 75 MW of projects are getting commissioned in first half of FY13.
- And another Two Hundred MW of additional projects are in pipeline which will be commissioned in rest of FY13.
- The company is also acquiring land parcels with superior wind potential across various states in India with an intent to develop large number of MW by itself in the next couple of years.
- The company has signed business framework agreements with Kenersys GmBH, Regen Powertech Pvt and Suzlon Energy Ltd. to establish and operate wind farms throughout India.
What about the 25.2 MW Project in Gujarat?
- Site: Jasdan, Rajkot Dist. Gujarat
- Turbines: 12 Wind Turbines of 2.1 MW each (Suzlon Make S88 Model)
- EPC Contractor: Suzlon Energy Ltd
- Total Investment: Around 140 Crs (unverified)
- Power Purchase Agreement: Gujarat Urja Vikas Nigam Ltd (23.1 MW) Philips India (2.1 MW).
- Financing: At 70:30 D:E Ration by PTC Indian Financial Sertices Ltd (An Investment Vehcile promoted by PTC India Ltd)
As said by Mr. Summant Sinha:
"With this project we further establish the vision of rapidly expanding our footprint in the growing Indian wind energy market. We at ReNew Power are confident of becoming one of the leading Renewable Energy producers in India,"
The project of ReNew Wind Power was inaugurated by Hon’ble Chief Minister of Gujarat, Mr. Narendra Modi on May 6, 2012
Seeking for More ?
http://renewpower.in/images/Press-Release.PDF
http://www.evwind.es/noticias.php?id_not=18379
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