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India asks state-run firms to clear over $1 billion owed to green energy firms - sources

By : Sustainability ..., Nov 27, 2019

India has asked state lenders to provide over $1 billion to government power distribution companies to clear longstanding debts to green energy firms that could hinder further investment, three sources familiar with the plan said on Tuesday. The companies owe solar and wind...

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Brookfield in talks to invest $800 million in ReNew Power

By : Sustainability ..., Nov 11, 2019

Canadian asset management firm Brookfield is in talks to invest $800 million in India’s largest green energy company ReNew Power, said two people familiar with the development. Brookfield, which is currently conducting due diligence, would be providing partial exit to Goldman...

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Inox Wind secures 38 MW order from ReNew Power

By : Sustainability ..., Nov 5, 2019

Leading wind energy solutions provider Inox Wind said on Monday it has bagged an order for a 38 megawatt wind power project to be developed at Anjar town in Kutch district of Gujarat. The project from ReNew Power Ltd is under the Solar Energy Corporation of India (SECI)...

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Renew Power, Avaada, UPC, Tata unit bag solar projects

By : Sustainability ..., Nov 4, 2019

Renew Power, Avaada Energy, UPC Renewables and Tata Power Renewable Energy won projects in the 1,200 megawatts auction of the Solar Energy Corp of India (SECI), with the winners offering a slightly higher price than those in the previous round. In Thursday’s auction of the...

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Goldman-backed ReNew says Andhra Pradesh problems could hurt India's renewables target

By : Sustainability ..., Nov 1, 2019

Investors could be put off India by Andhra Pradesh state’s difficult relationship with renewable energy companies, Sumant Sinha, chair of Goldman Sachs-backed (GS.N) ReNew Power, said on Thursday. India, the world’s third-largest emitter of greenhouse gases, wants to raise...

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ReNew Power becomes 11th firm globally to reach 5,000-Mw green capacity

By : Sustainability ..., Nov 1, 2019

ReNew Power has joined the global club of top renewable power generation companies by becoming the eleventh firm to reach 5,000 megawatt (Mw) of installed capacity. Of this, 3,100 Mw is wind and 1,900 Mw is solar. India’s largest renewable power company on Sunday commissioned...

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ReNew load shedding sees 300MW of solar assets  put  on  the  block

By : Sustainability ..., Oct 9, 2019

ReNew Power, which until recently was a major acquirer of renewable assets in India, has put 300 megawatts (MW) of solar assets on sale as the company tries to cope with rising uncertainty in the industry, two people aware of the development said. The move to raise capital...

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Latest 1.2 GW solar capacity awarded at Rs 2.54/kWh

By : Sustainability ..., Jun 14, 2019

The latest 1.2 GW solar auction conducted by Solar Energy Corporation of India (SECI) saw lowest winning tariffs (Rs 2.54/kWh) approaching the same level as in February auction (Rs 2.55/kWh)....

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India’s ReNew Power Plans To Raise $300 Million Through Rights Issue

By : Sustainability ..., Jun 4, 2019

One of India’s largest renewable energy generation companies plans to raise fresh equity funding through a rights issue. Indian business daily Economic Times has reported, quoting unnamed...

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India Allocates 720 Megawatts In Second Solar-Wind Hybrid Auction

By : Sustainability ..., May 31, 2019

Results of India’s second national-level solar-wind hybrid auction are in. While capacity allocated to project developers has declined, there remains a silver lining for the Solar Energy...

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