sustainabilityoutlook.in

America's DFC to invest $350 million in India

By : Sustainability ..., Jun 8, 2020

The US International Development Finance Corporation (DFC) is looking to invest $350 million in multiple projects in India to support the country’s financial services sector, health infrastructure, renewable energy and food security. DFC, known as America’s development bank,...

ReNew Power Inks Pact to Buy AI & ML Startup Climate Connect

By : Sustainability ..., Jun 5, 2020

With an aim to access energy management services, Gurugram-headquartered renewable energy independent power producer (IPP) ReNew Power has signed a definitive pact to acquire Regent Climate Connect Knowledge Solutions Pvt Ltd (Climate Connect), a specialist in artificial...

Subject Tags: artificial intelligence , Power Markets , ReNew Power

India wins deal for 24X7 supply of green power

By : Sustainability ..., May 11, 2020

The gloom and doom of the coronavirus pandemic has failed to dampen the spirit of India’s renewables sector, with Goldman Sachs-funded ReNew Power on Friday winning the world’s first tender for round-the-clock supply of green power by a margin of 1 paise by quoting a tariff...

SECI Scores 9 Bids Worth 3.5 GW in Response to 1.2 GW Solar Tender

By : Sustainability ..., Feb 21, 2020

The Solar Energy Corporation of India (SECI) has reported a list of nine bidders who have submitted prospective bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which was issued in January. The nine firms that have submitted bids are ReNew Power, Softbank,...

Greenko, Renew Power bag SECI mega renewable cum storage based projects

By : Sustainability ..., Feb 3, 2020

Greenko Group with 900 mega watts (MW) and Renew Power with 300 MW bag Solar Energy Corporation of India (SECI) reverse auction for the world’s largest renewable energy cum storage power purchase tender. The tender was for 1200 MW with 600 MW assured supply for 6 hours daily...

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...

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...

Subject Tags: joint venture , ReNew Power , solar power plant

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...

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...

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)...