Renew Power wins 400 MW RTC bid conducted by SECI Historic price discovery of ₹ 2.90 / kWh for first year Capacity Utilisation Factor requirement of 80% per year Gurugram, Haryana, India: ReNew Power, India’s largest renewable energy company was declared winner of India’s first e-Reverse Auction for 400 MW RE (Renewable Energy) Project with […]
Tariff for round-the-clock solar power is competitive: ReNew’s Sumant Sinha
His company won India’s first tender in this space with a quote of Rs 2.9 a unit India’s first tender to provide round-the-clock (RTC) solar power was won last week by Goldman Sachs-promoted ReNew Power, which quoted a tariff of Rs 2.9 per unit (kwh) for the complete capacity of 400 Mw offered by the […]
Only one-third SECI wind projects commissioned so far
SECI, the nodal agency through which the new and renewable energy ministry (MNRE) conducts wind and solar auctions, has commissioned only 1961 MW of wind capacity, an official at the ministry said on condition of anonymity BENGALURU: Only about one-third of 6,000 megawatt wind power capacity auctioned by the Solar Energy Corporation of India in […]
ReNew Power donates Rs 50 lakh to K’taka CM Relief Fund
Bengaluru: ReNew Power Private Limited, Country’s largest renewable energy Independent Power Producer has donated Rs 50 lakhs towards Karnataka Chief Minister’s Relief Fund to fight against dreaded killer Covid-19 which is spreading like wildfire. Managing Director, ReNew Power, Sumanth Sinha and Karnataka Head K S Vishwanath met Chief Minister B S Yediyurappa and presented the […]
India’s Renewable Sector Open for Business -MNRE Secretary
A Webinar organised by the USISPF to connect US investors with opportunities in Indian renewable sector threw up some insights, and assurances, as MNRE secretary Anand Kumar pitched for more investments from US firms in the sector. At a Webinar organised late yesterday evening by the US India Strategic Partnership Forum (USISPF), participants got dollops […]
72MW of LONGi high efficiency Mono PERC modules deployed at the world’s biggest solar park at Karnataka’s Pavagada, India
In cooperation with India’s ReNew Power, the world’s leading solar technology company LONGi has supplied 72MW of its high efficiency Mono PERC modules to the Pavagada Solar Park, the world’s biggest solar park, in Karnataka’s Pavagada. The Pavagada Park, located in the Tumakuru district of Karnataka and developed by the Karnataka Solar Park Development Corporation […]
ReNew Power commits INR 20 Cr. in fight against COVID-19
Company contributes Rs 10 Cr. to PM CARES Fund Rs 5 Cr. to be contributed towards CM Relief fund across various states ReNew Power to distribute ration in more than 140 villages around its sites Gurugram, India: ReNew Power today announced that it will contribute to the central and state governments’ efforts to combat the […]
ReNew Power’s Sumant Sinha Doesn’t See Long-Term Impact From Cheaper Fossil Fuels
While the drop in prices of fossil fuels, particularly coal and gas, does pose a challenge to the renewable power industry in the short term, according to ReNew Power’s Sumant Sinha said there won’t be a long term impact. Oil prices fell as Covid-19 outbreak hurt demand. Brent Crude further spiralled down after the breakdown […]
Budget Reaction – Quote from Mr. Sumant Sinha – CMD, ReNew Power
“ The Union Budget 2020 is a balanced and pragmatic statement of intent. Finance minister in her speech has attempted to address the trust deficit across a host of sectors. She has assured stock market investors by abolishing dividend distribution tax , addressed concerns of start-ups with respect to ESOPS and in the renewable energy […]
ReNew Power raises $450 million through dollar bonds
Firm plans to use the funds to refinance the existing borrowings Attractive yields and liquidity have driven investor interest in Indian companies Sustainable energy firm ReNew Power Pvt. Ltd has raised $450 million through a dollar bond issuance, said D. Muthukumaran, the company’s chief financial officer. “The firm’s order book of 3x for such a […]