“This is a very welcome and forward looking Vote on Account presented by the Finance Minister. The strategy laid out reflects the Prime Minister’s vision of a modern, inclusive, resilient, innovative and green India. The continued thrust on capital expenditure and reduced market borrowings will enable acceleration in private investments and employment creation. The budget […]
ReNew Collaborates with Samsung Galaxy Tab S9 Series Jaipur Literature Festival to Drive Sustainability – EQ
India’s leading decarbonization solutions company will be the `green partner’ for the Marquee event ReNew to power the literary festival with clean energy, help drive sustainability in the arts The celebrated Festival to work towards becoming carbon and plastic neutral in the coming years in partnership with ReNew ReNew Energy Global plc (“ReNew” or “the […]
ReNew proposes to invest Rs 26,400 crore for green hydrogen project in Kerala – EQ
In Short : ReNew, a renewable energy company, has proposed a substantial investment of Rs 26,400 crore for a green hydrogen project in Kerala. This ambitious initiative reflects a commitment to advancing green hydrogen technology and establishing Kerala as a key player in the sustainable energy landscape. In Detail : ReNew has proposed a Rs […]
ReNew refinances US$ 325 Million debt three months ahead of maturity
Refinancing to reduce interest cost on this debt pool by more than 200 basis points. Company secures 15-year project finance from one of India’s largest financial institutions. Gurugram, India : ReNew Energy Global plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), India’s leading decarbonisation solutions company, on Friday announced the refinancing of Non-Convertible Debentures (NCDs) […]
ReNew signs contract to sell 300 MW solar project at a valuation of $199 Million – EQ
India Grid Trust to buy ReNew Solar Urja Private Limited (“RSUPL”) in Rajasthan Asset sale in line with ReNew’s strategy of capital recycling to enhance shareholder value Gurugram : ReNew (“ReNew”, RNW, RNWWW: NASDAQ), India’s leading decarbonization solutions company, announced on Monday that it has signed a Share Purchase Agreement with India Grid Trust to […]
COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker – EQ
In a new initiative, COP28 Presidency celebrates the most innovative private sector projects globally ReNew’s Round-the-Clock Power Project awarded Clean Energy Transition Changemaker at a dedicated ceremony at Expo City Dubai Gurugram, India, 08 December 2023: ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India’s leading renewable energy company, has been named a Clean Energy […]
ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion – EQ
The memorandum of understanding, a first of its kind in the Indian RE sector, was signed at the COP28 conference by ReNew Chairman and CEO Sumant Sinha and Suzanne Gaboury, ADB Director General, Private Sector Operations US$5.3 billion for decarbonization related projects between 2023 and 2028 Gurugram, India : ReNew Energy Global Plc (“ReNew”) (Nasdaq: […]
ReNew Q2 profit soars to 675.4 crore, upgrades FY24 EBITDA outlook – EQ
In Short : The company said its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at ₹2,129.8 crore in Q2 FY24 as compared to ₹1,820.9 crore in Q2 FY23. In Detail : ReNew Energy Global Plc (ReNew) on Monday posted a net profit at ₹377.1 crore during the second quarter ended September 30 […]
ReNew Announces Results for Second Quarter and Half Year Results for Fiscal Year 2024: US$81 million PAT for H1 FY24, Raises EBITDA Guidance for FY24 – EQ
Gurugram, India : ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its consolidated unaudited IFRS results for the three-month period ended September 30, 2023. Operating Highlights: As of September 30, 2023, the Company’s portfolio consisted of 13.8 GWs, compared to 13.4 GWs as of September […]
ReNew successfully commissions its first Interstate Transmission Scheme (ISTS) project following investment from Norfund and KLP – EQ
The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, sign agreement to invest approx. $9m (INR 730m) for 49% stake in the second project in Gadag district in Karnataka, India ReNew commissions its first Interstate Transmission Project, the “Koppal Transmission Scheme” to help in transmission of 1.5GW of renewable energy […]