NEW DELHIi: Jindal Stainless on Monday signed a contract with the country’s largest renewable energy company, ReNew Power, to develop a utility-scale captive renewable energy project for the supply of power to its facility in Jajpur, Odisha.
“The project will generate 700 million units per year through a mix of solar and wind technologies. This innovative wind-solar hybrid solution, with a high-capacity utilization factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity,” the company said in a release.
With this, ReNew Power also brings its Round the Clock (RTC) solution to the B2B space, which it pioneered for utilities earlier last year. Also, a partnership with the largest renewable player brings in the requisite execution certainty for Jindal Stainless, which is of paramount importance for a project of this scale.
