According to ReNew Power, the project will operate at an 80 per cent average annual plant load factor and have a minimum capacity utilization factor of 70% monthly.
ReNew Power will set up wind and solar capacity across Karnataka, Maharashtra, and Rajasthan.
It has already obtained approvals to connect the project sites with the grid and has secured connectivity through the inter-state transmission system.
ReNew Power has a portfolio of over 10GW of solar and wind capacity across India.
The company has a slate of global investors, including Goldman Sachs, CPP Investments, and the Abu Dhabi Investment Authority.