In Short : ReNew Energy Global Plc has received a final non-binding takeover offer from a consortium including Masdar, CPP Investments, ADIA’s Platinum Hawk, and founder Sumant Sinha. The proposal values all outstanding shares at $8.15 each, representing a 15.3% increase over the initial bid. ReNew’s board has formed a committee to review the offer […]
ReNew Energy Reduces Solar Module and Cell Prices to Boost Affordable Clean Energy in India – EQ
In Short : ReNew Energy has slashed prices of solar modules and cells after India reduced GST on renewable equipment from 12% to 5%. The move cuts project costs by up to ₹15 lakh per MW and lowers expenses for rooftop users and farmers. ReNew is passing full benefits to customers, making solar more affordable […]
ReNew Energy Buyout Bid Rises to $880 Million as Investor Consortium Seeks Privatization – EQ
In Short : ReNew Energy Global’s consortium, led by Sumant Sinha and backed by Masdar, CPP Investments, and ADIA, has raised its buyout offer to $8 per share, valuing the company at $880 million. The revised bid represents a 26% premium over the undisturbed share price. A special committee will evaluate the proposal and guide […]
ReNew Energy Posts Record Profit Surge on Strong Power Sales and Manufacturing Growth – EQ
In Short : ReNew Energy Global reported a 415% jump in Q4 FY25 net profit to ₹313.7 crore, up from ₹60.9 crore last year, driven by strong power sales and its growing module and cell manufacturing business. Total quarterly income rose 39% to ₹3,439 crore, including ₹991 crore from manufacturing. The company’s annual net profit […]
India’s ReNew Energy offered to be taken private in $2.82 billion deal – EQ
In Short : ReNew Energy, one of India’s leading renewable energy firms, has received a proposal to be taken private in a $2.82 billion deal. The move reflects growing investor confidence in the clean energy sector, aiming to streamline operations and accelerate growth. This development highlights the increasing global focus on renewable energy investments and […]
ReNew Energy Global : Dedicates its latest ~1 GW Solar Project to the people of Rajasthan – EQ
In Short : ReNew Energy Global has dedicated its latest ~1 GW solar project to the people of Rajasthan. The massive project underscores the state’s role in India’s renewable energy push, contributing significantly to clean energy goals and reducing carbon emissions. It will bolster energy supply, create local jobs, and support India’s transition to a […]
ReNew Expands Manufacturing Ambitions To Secure Solar Module Supply – EQ Mag Pro
ReNew Energy increased revenues by 27% on annual basis and adjusted EBITDA by 31.7% on annual basis in Q4/FY2022 Its net loss during Q4/FY2022 widened due to charges related to its NASDAQ listing Company increased its cumulative portfolio to 12.8 GW comprising 6.8 GW solar PV capacity Indian renewable energy company ReNew Energy Global Plc […]
ReNew Announces $250 million share buyback and Preliminary Results for Q3 FY’22 – EQ Mag Pro
GURGAON, India : ReNew Energy Global plc (“ReNew” or “the Company”) (NASDAQ: RNW) (NASDAQ: RNWWW), India’s leading renewable energy company, today announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the […]
JSW Renew Energy Signs PPA with SECI for 540 MW Blended Wind Power Project
JSW Renew Energy, wholly owned subsidiary of JSW Future Energy has signed a Power Purchase Agreement with Solar Energy Corporation of India (SECI) for the Contracted Capacity of 540 MW out of total awarded capacity of 810 MW. This is the single largest PPA for wind/blended wind category in the Industry, and marks the foray […]