Ayana Renewable Power to Facilitate 300 MW of Round-the-Clock Renewable Energy to REMCL
The project will add around 1 GW of renewable capacity through solar and wind to Ayana’s profile and take it close to 5 GW of cumulative capacity in operation, maintenance, and development.
May 18, 2023. By EI News Network
Project Nine Renewable Energy a totally owned subsidiary of Ayana Renewable Power bagged the capacity in a reverse bid auction.
The project will add around 1 GW of renewable capacity through solar and wind to Ayana’s profile and take it close to 5 GW of cumulative capacity in operation, maintenance, and development.
The project is with a high degree of accessibility and transportability and will also expand an installed capacity of around 1 GW of renewables through solar, wind to Ayana’s portfolio with third-party storage arrangements.
The project is with an annual presence of more than 85%, the project will facilitate firm renewable energy for the tenure of 25 years and displays the potential of RTC to commission baseload, rather than maintaining peak load as has been traditionally done.
Ayana Renewable Power (Ayana) was founded in 2017 and is based in Bengaluru.
Ayana is a majority-owned entity of the National Investment and Infrastructure Fund Limited’s (NIIFL) core infrastructure fund.
The company offers utility-scale solutions on solar, wind, hybrid and Round the Clock (RTC) clean energy and along with operating pilot green-hydrogen projects.
REMC Limited was founded on 16th August 2013 under the Companies Act 1956 as a joint venture company of the Ministry of Railways Limited with equity participation in the ratio of Indian Railways (49%) and RITES Limited (51%).
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