Indian Prime Minister Narendra Modi has formally inaugurated the country’s ultra mega Rewa solar park, a 750 megawatt capacity plant situated in the state of Madhya Pradesh, on the 10th of July 2020. The Prime Minster inaugurated the solar park via video conferencing and dedicated the plant to the nation.
Mahindra Renewables has announced that it achieved financial closure for a project it was awarded at the Rewa solar power park.
Construction has begun at one of India’s largest solar power parks, located in the state of Madhya Pradesh. The solar power park is unique in more than one way.
Rewa solar power park will receive debt finance at just 0.25% from the World Bank. A few weeks back, a competitive auction for the 750 megawatt (MW) solar power park in Rewa, Madhya Pradesh, yielded the lowest-ever tariff for a solar power project in India.
Mahindra Renewables was one of the successful bidders at India’s cheapest solar power auction for Rewa solar power park.
Three units of 250 megawatts solar power were awarded at a levellised tariff of 4.9¢/kWh in India.
