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 […]
ReNew Power likely to have priced its dollar bonds
ReNew Power develops, builds, owns and operates utility-scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers. ReNew Power, a renewable energy power producer, is likely to have priced its dollar-denominated bonds on Tuesday, through which the firm could raise close to $400-450 million, […]
Fitch assigns ReNew Power’s proposed US dollar senior secured notes ‘BB-‘ rating
‘BB’ ratings indicate an elevated vulnerability to default risk Fitch Ratings on Monday said it has assigned clean energy firm ReNew Power’s proposed US dollar senior secured notes a rating of ‘BB-‘ with a stable outlook. According to Fitch Ratings, ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse […]
ReNew Power announces joint venture with Korean major GS E&C
Gurugram, India: ReNew Power Private Limited (ReNew Power), India’s largest renewable energy independent power producer, today announced a joint venture partnership with South Korea based GS E&C for execution of its 300 MW solar power plant in Rajasthan. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV […]
ReNew Power targets $2-bn transmission projects, double-digit market share
ReNew recently started participating in transmission project tenders ReNew Power, expanding across the energy sector supply chain, says it is aiming for double-digit market share in the transmission sector. ReNew recently started participating in transmission project tenders. The firm hopes to grab around Rs 2 billion worth projects in the segment. Estimates say the central […]
Brookfield in talks to invest $800 million in ReNew Power
Deal could offer partial exit to Goldman Sachs that owns 48% stake in green energy company. Goldman Sachs, a backer of the company since 2011, has invested about $370 million in ReNew Power through 2013 and 2014. Founded in 2011 by Sumant Sinha, t… MUMBAI: Canadian asset management firm Brookfield is in talks to […]
ReNew Power Transmission eyes double-digit growth, projects worth $20 bn
The Goldman Sachs-promoted firm started its ‘New Ventures’ division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects ReNew Power, which is expanding across the energy sector supply chain, is aiming to achieve double-digit growth in power transmission. The company, which recently started participating in transmission project tenders, is hopeful […]
Inox Wind secures 38 MW order from ReNew Power
The project from ReNew Power Ltd is under the Solar Energy Corporation of India (SECI) second regime.It is scheduled to be commissioned by January 2020 Noida (Uttar Pradesh): 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 […]
ReNew Power strengthens Leadership team
Gurugram, India: Renew Power limited (“ReNew Power”), India’s leading Renewable energy company, today announced the elevation of Sanjay Varghese to the position of Executive Vice President in the company. Sanjay will head the Solar Business for the company and report directly to Chairman and Managing Director, Sumant Sinha. Sanjay has been with ReNew for the […]
India Economic Summit: Expect a massive cut in interest rates, says ReNew Power
As the six-member Monetary Policy Committee (MPC) is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, renewable power producer ReNew Power expects a massive cut in interest rates. In an interview to CNBC-TV18’s Anshu Sharma, Sumant Sinha, chairman and managing director, said, “I do not see why real interest rates in […]