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Renew Power seeks $300 million in bond sale

By : Sustainability ..., Jan 14, 2020

Wind and solar energy company Renew Power is meeting investors this week as it plans to raise at least $300million via dollar bond sales across the world later this month. The money raised will be used to refinance existing debt and for funding the second tranche of projects...

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ReNew, Korean firm in JV for Rajasthan project

By : Sustainability ..., Dec 12, 2019

ReNew Power Ventures Pvt. Ltd has formed a joint venture with South Korea-based engineering, procurement, and construction (EPC) firm GS E&C to build a 300 megawatt solar power plant in Rajasthan, according to a joint statement released by the companies on Wednesday. The...

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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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