24x7 power: ReNew set for a round-the-clock start

Nasdaq-listed ReNew is in the process of commissioning its peak power and round-the-clock (RTC) projects, aimed at providing 24x7 renewable energy, according to a top executive.

- PUJA DAS & NIVEDITA MOOKERJI

In contrast to pure-play solar or wind projects, the Sumant Sinha-led company is planning to start commercial production of these projects by combining wind, solar, and battery storage. While the peak power project will begin production this quarter, the RTC project may start by December.

"We won India's first hybrid bid (with battery energy storage systems) in 2020, and are now starting commercial production from the project, which will provide 24x7 assured and firm supply of electricity from renewable energy. Almost 99 per cent of the project has been commissioned, with the remaining 1 per cent expected to be completed by next month," chief executive officer of ReNew, Sumant Sinha, told Business Standard during a recent interaction in New Delhi.

With a total combined cost of $1.8 billion for these projects in five sites across three states—Karnataka, Maharashtra and Rajasthan—ReNew will make a substantial contribution to the national mission of reaching 500 GW of RE capacity by 2030, Sinha said.