Sumant Sinha

ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion Funding

ReNew Energy Global Plc (“ReNew”), on Sunday, signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects. The MoU covers projects with investment value of more than US$ 5.3 billion between 2023 and 2028. The MoU was signed at COP28, Dubai by ReNew’s Founder, […]

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E-Mobility Startup Baaz Bikes Eyes New Subscription Models with $8 Mn Funding

Baaz Bikes, an electric mobility platform that helps gig workers make deliveries by its in-house designed bikes supported by automated battery swapping infrastructure, has pocketed $8 Mn in its Series A funding round. The funding round was led by BIG Capital based in Singapore. It also saw participation from Japan-based Rakuten Capital, Kalaari Capital, 9Unicorns, […]

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Kailash Vaswani to Steer ReNew as Chief Financial Officer

The Board of Directors of ReNew Energy Global plc has accepted the resignation of Kedar Upadhye as the Chief Financial Officer of ReNew Energy Global Plc, on September 6, 2023.Upadhye’s resignation will be effective on October 30, 2023. Upadhye is resigning to pursue an opportunity outside ReNew in a products-driven sector. Sumant Sinha, Founder, Chairman […]

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ReNew Energy Q1 Analyst Meet- Focus On Derisking, Valuations

On the second anniversary of its NASDAQ listing, ReNew Energy Global had a very positive outlook to share with analysts. Be it the growth in portfolio by almost 3 GW, almost all of it comitted through PPAs, or the drop in average collection period from over 200 to 114 days, or a clear growth path […]

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ReNew Power Is Now ReNew, As Firm Seeks A Bigger Canvas

NASDAQ listed Renew Power has a new name, logo and domain now. The firm has made a serious statement of intent with a shift to the more generic ReNew along with the matching domain, at ReNew.com. The changes are being accompanied with the firm’s transition from being just an energy player to a firm seeking […]

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ReNew Power Finalises Solar Cell Units In Rajasthan & Gujarat

Gurugram-based renewable energy firm ReNew Power is investing a sum of Rs 2,000 crore towards the establishment of  module manufacturing and solar cell units in Gujarat and Rajasthan, the Chairman and Founder of Renew Power, Sumant Sinha has revealed. The firm is also looking at opportunities for investment in Uttar Pradesh while also setting sights […]

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ReNew Power Installs India’s First 3x Platform Wind Turbine Generators In Karnataka

ReNew Power, India’s largest renewable energy company by operational capacity, has announced the installations of India’s first ever 3x platform Wind Turbine Generators (WTG) in Gadag, Karnataka. The WTGs have a nameplate capacity of 3.3-3.465 MW and are 128-140m in height. They offer significantly improved capacity over models installed in India to date, which typically […]

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Noway’s Norfund, KLP Partner with ReNew Power to Invest in India’s Transmission Sector

Norfund and KLP have announced that they will invest around Rs 900 million in partnership with ReNew Power for 49% ownership stake in ReNew’s transmission project in the Koppal district of Karnataka state in India, with ambitions for further joint investments. ReNew Power is one of the largest renewable energy independent power producers (IPPs) in […]

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Renewable Energy Major ReNew Power to Supply 150 MW Green Energy to Microsoft

Gurugram-based ReNew Power, that claims to be India’s leading renewable energy company, has signed a renewable energy agreement for 150 MW with Microsoft India. The official statement of ReNew Power mentions that it is one of the largest such deals in India. According to the agreement, ReNew will produce 150 MW of clean energy from […]

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