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ReNew Power expects to commission 10.2 GW renewable energy capacity by FY23

Thursday, 14 Oct 2021
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ReNew Power is looking to commission 10.2 GW portfolio operational by the end of FY23.  
It also expects to generate annual earnings before interest, taxes, depreciation and amortisation (EBITDA) of USD 1.1-1.2 billion with the commissioning of the 10.2 GW capacity. 
The 10.2 GW portfolio includes 3.8 GW of committed capacity i.e. which has a Power Purchase Agreements/Letter of Award (PPA/LOA) or for which the company has a binding acquisition agreement. It aims to have 18 GW of RE capacity by 2024-25, from the 6.4 GW operating at present. 
The company develops, owns and operates utility-scale wind and solar energy projects and hydro projects.
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