Renewable energy companies with a strong portfolio are becoming prudent about adding capacity through auctions because of various factors such as currency fluctuation, interest rates and the infrastructure needed to transmit electricity from a new plant, Sumant Sinha, chairman of ReNew power, said.
Sinha, who leads the country’s largest renewable energy firm, said his company has enough capacity in the pipeline due for construction over the next 18 months, and will only quote tariffs that are sustainable in the long run.
Apart from the 4,100 MW commissioned capacity, ReNew Power has a pipeline of 2,400 MW projects, of which 1,500 MW is wind and the remaining solar. Read More
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