ReNew Power on Wednesday said it has commissioned a 110 megawatt (MW) solar generation facility in Rajasthan. As part of the project, ReNew has signed a power purchase agreement with Solar Energy Corporation of India at a tariff of Rs 2.49/kWh and will provide clean energy to the state. The solar project in Jaisalmer district […]
ReNew Power to invest $9 billion in wind & solar projects
The company aims to more than triple its renewable power capacity to 18.5 gigawatts by 2025, Chairman Sumant Sinha said ReNew Power Pvt., one of India’s biggest renewable power producers, plans to invest $9 billion in wind and solar projects through 2025 amid a government-backed effort to reduce emissions. The company, backed by investors such […]
Fitch Assigns ReNew Power Restricted Group 4’s Proposed Notes ‘BB-(EXP)’
Fitch Ratings has assigned India-based ReNew Power Restricted Group 4’s (ReNew RG4) proposed US dollar senior secured notes due 2028 an expected rating of ‘BB-(EXP)’. The Outlook is Positive. ReNew RG4 is a restricted group that includes 10 subsidiaries of ReNew Power Private Limited (ReNew Power, BB-/Positive). ReNew Power is one of the largest renewable-energy […]
ReNew Power, India’s Leading Renewable Energy Company, Announces Commissioning of 300 MW Wind Farm
GURGAON, India : ReNew Power (“ReNew” or “the Company”), India’s leading renewable energy company, today announced that it has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive E-reverse auction conducted […]
Goldman-Backed Renew Mulls Listing Its Shares to Fund Growth
ReNew Power Pvt., India’s largest renewable energy company, is looking at an overseas listing of shares to raise funds as it invests in growth for the coming decade. “As far as our own IPO plans are concerned, it’s something we are certainly evaluating and at an appropriate time we will certainly look at going […]
ReNew Power, Greenko among others keen to buy out Chandigarh discom
While ReNew Power generates 5.4 GW through solar and wind assets and has another 4.6 GW under various stages of development; Greenko has a 6.5 GW operational clean energy portfolio NEW DELHI : Two of India’s largest green energy firms—ReNew Power Ventures Pvt Ltd and Greenko Energy Holdings—are among the ten companies that have evinced […]
ReNew Power’s $325 mn offshore bond issuance oversubscribed six times
This is ReNew’s second bond offering in this calendar year. It raised $450 million via dollar bonds in January when it was oversubscribed three times. Goldman Sachs-promoted ReNew Power raised $325 million via offshore bond sale. The dollar bond offer was subscribed 6x with the total offer book at $2 billion. This is the first successful […]
We are at the start of the IPO phase in renewables sector, says Axis Capital
The renewable energy sector is back in the limelight as the clean green theme gains momentum across the globe. Speaking to CNBC-TV18, Sumant Sinha, CMD of ReNew Power said that this is a good time to consider listing options. “Investor demand globally for renewables has picked up substantially over the last six to nine months. […]
Grapevine: ReNew looks to list abroad; Mahindra Susten gets offers for solar assets
India’s largest clean energy firm, ReNew Power Ventures, is looking for an overseas listing, two people aware of the matter told Mint. ReNew Power is also gearing up to tap the offshore bond market for as much as $320 million (Rs 2,350 crore) as it looks to refinance domestic debt. This initial public offering (IPO) […]
ReNew Power eyes offshore bond market to raise $320 mn to refinance local debt
This would be the first such offshore bond issuance by an Indian renewable energy producer since covid-19 disrupted the markets in March. Mumbai: Renewable energy major ReNew Power Pvt. Ltd is planning to tap the offshore bond market to raise as much as $320 million to refinance local debt, the first such offshore bond issuance […]