Hinduja Renewables has secured a bid to establish 140MW solar power capacity in a tender issued by GUVNL at a tariff rate of Rs 2.64/kWh.

This has a potential to increase to 280 MW as GUVNL may allow additional capacity 140 MW by exercising the Greenshoe option.

Sumit Pandey, CEO of Hinduja Renewables, stated, "This is a welcome addition to the recent tenders we have won this year across different central and state tenders such as NHPC and GUVNL. With this achievement, Hinduja Renewables will operate with a capacity of 1.5+ GW in the country in the coming few years. Hinduja Renewables is well on its way to creating a multi-GW suite of power capacity."

The award is part of the Solar Tender Phase - XXII issued by GUVNL for selection of solar power developers for setting up 500 MW Solar Power Projects anywhere in India.