In Short : A senior government official has clarified that India’s policy support measures for the automobile and renewable energy sectors are fully compliant with World Trade Organization norms. The statement reinforces India’s commitment to fair trade practices while promoting domestic manufacturing, clean energy transition, and industrial growth through transparent, rule-based incentive frameworks aligned with […]
Fitch Affirms ReNew RG II’s USD525 Million Notes at ‘BB’
Fitch Ratings has affirmed ReNew RG II’s USD525 million senior secured notes due 2024 at ‘BB’. ReNew RG II is a restricted group of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The rating on the notes reflects the credit profile of the restricted group (RG) of eight entities that have an operating capacity […]
Fitch Affirms Neerg Energy’s USD475 Million Notes at ‘BB-
Fitch Ratings has affirmed the rating of Neerg Energy Ltd’s USD475 million senior unsecured notes due 2022 at ‘BB-‘. The rating on the notes reflects the credit profile of a restricted group (RG) of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The RG has an operating capacity of 606MW in wind (66% of […]