ReNew expects to have its 10.2 GW portfolio operational by the end of FY23 which also includes 3.8 GW of committed capacity i.e. which has a PPA/LOA (Power Purchase Agreements/Letter of Award) or for which the company has a binding acquisition agreement. New Delhi: Renewable energy firm ReNew Power is looking to commission its 10.2 […]
Grasim to Acquire 26% Stake in Renew Surya Uday
Also enters into power purchase agreement with Renew Surya Uday Grasim Industries has executed a share purchase subscription and shareholders’ agreement with Renew Green Energy Solutions (Promoter) & Renew Surya Uday (Power Producer) and Power Purchase Agreement with Renew Surya Uday (Power Producer). The purpose of entering into the agreement is to operate and maintain […]
Fitch Assigns Stable Outlook to ReNew RG II’s $525 Million Notes at BB
Fitch Ratings has assigned a stable outlook to ReNew RG II’s $525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch Ratings has assigned a stable outlook to ReNew RG II’s USD525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch now rates ReNew RG […]
Renew Power becomes part of WEF Global Lighthouse Network
New Delhi: Renewable energy firm ReNew Power on Monday said it has become a part of the World Economic Forum”s Global Lighthouse Network. “ReNew Power has been named to the World Economic Forum”s (WEF) Global Lighthouse Network, which recognises companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth,” the company said in […]
Fitch Affirms ReNew RG II’s USD525 Million Notes at ‘BB’
Fitch Ratings has affirmed ReNew RG II’s USD525 million senior secured notes due 2024 at ‘BB’. ReNew RG II is a restricted group of subsidiaries owned by ReNew Power Private Limited (ReNew; BB-/Stable). The rating on the notes reflects the credit profile of the restricted group (RG) of eight entities that have an operating capacity […]
ReNew Power to provide free Covid-19 vaccination to employees, families
Clean energy firm ReNew Power has decided to provide COVID-19 vaccination free of cost to its 1,500 employees as well as their families. Assuming a family of five, back-of-the-envelope calculations indicate that ReNew Power would provide vaccination to around 7,500 people across its 110 locations inIndia. ReNew Power Chairman and Managing Director Sumant Sinha told […]
Torrent 300 MW Bid Result
BRIEF: RTC Tranche I Bidders List
CPPIB looks to go big on ReNew as Goldman cuts stake
MUMBAI : Canadian Pension Plan Investment Board (CPPIB) is closing in on ReNew Power to double down on its biggest clean energy bet in the country and become the single largest shareholder, said people with knowledge of the matter. The move follows several months of negotiations. The transaction, once complete, will give principal shareholder Goldman […]
ReNew load shedding sees 300MW of solar assets put on the block
The move to raise capital comes at a time the renewables sector is facing hurdles The company, until recently, was a major acquirer of renewable assets in India ReNew Power, which until recently was a major acquirer of renewable assets in India, has put 300 megawatts (MW) of solar assets on sale as the company […]