Guragaon, India : ReNew (NASDAQ: RNW)announced today that it has been named to the prestigious FORTUNE 2021 “Change the Worldlist. The annual list recognizes leading business that exemplify power of capitalism to improve human condition by addressing important social or environment impact through their core profit making strategy and operations. ReNew has been ranked 10th […]
ReNew Power commissions 250 MW solar project in Rajasthan’s Jaisalmer – EQ Mag Pro
ReNew Power on Thursday announced that it has commissioned a 250 MW solar project in Jaisalmer district, Rajasthan. ReNew Power on Thursday announced that it has commissioned a 250 MW solar project in Jaisalmer district, Rajasthan. “ReNew Power today announced the commissioning of 250 MW capacity of its Interstate Transmission System (ISTS) solar generation project, […]
Adani and ReNew Power Win the Largest Capacities in SECI’s 1.2 GW Wind Auction – EQ Mag Pro
ReNew Power Lists on Nasdaq in US Via SPAC, Mcap Hits $4.5 Billion – EQ Mag Pro
This is the biggest listing of an Indian entity through SPAC, the vehicle through which an Indian company could list in the US. At present, an Indian company cannot directly list on a foreign bourse. Mumbai: ReNew Power, India’s biggest renewable energy company, on Tuesday listed on the Nasdaq in the US through the special […]
ReNew Power Completes Merger With US-Based RMG II – EQ Mag Pro
ReNew Power Pvt Ltd (ReNew Power) on Tuesday said it has completed “business combination” with US-based RMG Acquisition Corporation II (RMG II). ReNew Power in February had announced merger with blank-check company RMG II, giving India’s biggest renewable power producer an enterprise value of USD 8 billion and listing on NASDAQ. A blank-check company is […]
ReNew Power to List on Nasdaq This Month, RMG Investors Approve Merger – EQ Mag Pro
ReNew is looking to be fully funded for its equity requirements till fiscal year 2025 through this listing. ReNew Power, one of India’s leading renewable energy companies, is expected to get listed on NASDAQ by the end of this month. This will make it the second Indian green energy company to do so and the […]
ReNew Power Announces Two Acquisitions Totaling 359 MWs of Renewable Energy Assets
ReNew signs binding agreements for the acquisition of two operating portfolios o 99MW hydropower project in Uttarakhand, o 260MW/330MWp solar projects in the state of Telangana The combined enterprise value of the acquisitions is around INR 28.5 billion (US$ 384.0 million) o Adds approximately INR 3.8 – 4.0 billion (US$ 50.7 – 53.4 million) […]
ReNew Power to Invest $1.2 Bn For Country’s 1st Round-The-Clock RE Project
The project will be designed to operate at an 80% average annual PLF and will have a minimum capacity utilisation factor of 70% monthly, despite being a renewable energy project, says ReNew Power. ReNew Power will invest close to $1.2 billion in development of a 1.3 Gw of hybrid renewable energy (RE) project, which will […]
SECI & ReNew Power Sign India’s 1st Round-the-Clock Renewable Energy PPA
ReNew Power Private Limited has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for Round-The-Clock (RTC) electricity supply which is the first of its kind in the country. This PPA for 400 MW Round the Clock energy supply through 100% Renewable Energy is a historic step as well […]
ReNew Power Signs Pact With RackBank to Power Its Data Centre With 100 PC Renewable Energy
New Delhi : ReNew Power said it has signed a memorandum of understanding with RackBank Datacenters Ltd to power the country”s first hyper-scale data centre with 100 per cent renewable energy. RackBank is a data centre platform providing services like dedicated servers, managed servers and colocation services, among others. ReNew will supply power generated from […]