Solar photovoltaic application India Renew Power plans to double renewable energy projects in five years up to 20

Solar photovoltaic net news: India's clean energy companies Renew Power plan in five years to double the capacity, and its Power plants under construction and project portfolio doubled, to 20000 MW, it is an ambitious growth plans, China solar Power network, and its main investors encouraged by Goldman sachs.

Renew Power expansion is expected to take 40000 - investment 5 trillion rupees, solar equipment, although the company did not release specific financial details, solar energy, but need to be carried out in accordance with the average cost of the project in the industry investment is calculated. India's domestic projects around the economic conditions of each are not identical, investment costs also vary, depending on the cost of land and the strength of the sun or wind.

Renew Power, chairman and managing director Sumant Sinha said: & other; In spite of Covid - The influence of 19, but this year the government is still actively put forward new plan in the field of renewable energy, solar power network, company also made a positive response. ” Commercial bank department general manager major investors Goldman Micahe Bruun said, & other; To Renew our very bullish on investment development prospects, with the development of company, it will become more important in the whole value chain, encouraging. ”

it is reported that Goldman sachs ( 高盛(Goldman Sachs)) Hold a Renew Power 48. 6% of the company, and has set up for the company to provide long-term support. Renew Power also from other major global investors to raise debt and equity, including the ABU dhabi investment authority, solar portal, the Canada pension plan investment board, JERA and global environment facility. Since its inception the company ten years ago, has already attracted from all kinds of investors more than $1. 4 billion of foreign direct investment.

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw