REMCL awards 1 GW renewable capacity to six developers
pre-market1 source ↓written by the desknot a recommendation
- of round-the-clock renewable
- 1 GW
- bids
- ₹4.35/kWh
- for the first
- 75%
- thereafter
- 85%
Railway Energy Management Co. Ltd. (REMCL) has awarded 1 GW of round-the-clock renewable capacity to six developers, securing power for Indian Railways. The winning bids were at ₹4.35/kWh. Projects must maintain a minimum annual availability of 75% for the first three years and 85% thereafter.
This tender highlights the growing demand for renewable energy in India, potentially boosting market sentiment in the renewable energy sector. ⚡
Not investment advice. For informational purposes only.