Google-Torrent Power wins auction for purchasing 300 MW of power from wind-solar hybrid projects, with an optional 150 MW extension.
The quoted price stands at ₹3.65 /kWh for the initial 300 MW.
-Projects must be commissioned within 24 months of signing the power purchase agreement (PPA).-
The tender announced by the Torrent Power Distribution subsidiary mandates a 2:1 ratio of wind to solar technologies.
-Torrent Power plans to install a total of 725 MW combined wind and solar capacity, exceeding contracted capacity.
The project entails a total cost of ₹54.75 billion, covering both the initial 300 MW and the optional 150 MW.
-Torrent Power aims for a 5 GW renewable energy portfolio in the next three to five years, with plans for projects in Gujarat. –
Originally published on Mercom India