ReNew Power Raises $300 Million Through Rights Issue Updated On Mon, Jul 1st, 2019 by Saurenergy Gurugarm based ReNew Power announces that it has successfully raised $300 Million through a rights issue Clean energy firm ReNew Power has announced to have raised $300 million (approx. Rs 2,050 crore) through a rights issue. Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, […] Read more
Modi 2.0. What Will the Impact be on Solar Energy Sector? Updated On Fri, May 24th, 2019 by Saurenergy With a thumping majority behind it again, the Narendra Modi led NDA government offers one big relief to the renewables sector straightaway. Continuity. Unfortunately, that’s where the good news ends. While the industry seems uniformly happy at the removal of further uncertainty on the next government, hopes are high for further changes in on the […] Read more
India’s Solar Powered IPO’s. Why Success Will Matter Updated On Thu, May 9th, 2019 by Saurenergy Recent weeks have brought news of two IPO’s from firms in the sector. First is of course Sterling and Wilson’s plans for a billion dollar IPO, with almost $650 million being the shares offered by key promoters Shapoorji Pallonji and Co and Chairman Khurshed Yazdi Daruvala for sale. The firm, which clocked a topline of […] Read more
Huawei Supplies Smart String Inverters to ReNew Power’s Largest Utility Solar Project Updated On Tue, Apr 23rd, 2019 by Saurenergy Huawei supplied its SUN2000-95KTL-INH0 (“95KTL”) 1500Vdc smart interactive string inverters for the setting up of the project. ReNew Power, India’s largest renewable energy IPP (Independent Power Producer) recently announced that its 300 MW solar plant at Pavagada Solar Park was successfully on the commercial operation. Chinese inverter manufacturing major, Huawei supplied its SUN2000-95KTL-INH0 (“95KTL”) 1500Vdc […] Read more
ReNew Power Commissions 300 MW Solar Plant in Karnataka Updated On Wed, Apr 10th, 2019 by Saurenergy ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully commissioned its 300 MW solar power plant at the Pavagada Solar Park in the Tumkur district of Karnataka. The 300 MW solar installation is now the company’s largest commissioned solar plant in the country in terms of capacity. The plant […] Read more
ReNew Power Concludes $375 Mn Green Bond Issue Updated On Wed, Mar 13th, 2019 by Saurenergy The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […] Read more
ReNew Power Secures Additional Debt Funding of $350 Mn From OPIC Updated On Thu, Feb 21st, 2019 by Saurenergy The IPP has secured a fresh debt financing of up to USD 350 million from the US Government’s development finance institution. ReNew Power, one of India’s largest renewable energy Independent Power Producer (IPP) in terms of total energy generation capacity, has secured a fresh debt financing of up to USD 350 million from the Overseas […] Read more
Renew Power Expands Leadership Team; Hires 3 Top Executives Updated On Thu, Oct 11th, 2018 by Saurenergy The company has appointed Mayank Bansal as President – Strategy & Operations, Varun Sivaram as Chief Technology Officer and Stephen O’Rourke as Managing Director, ReNew North America. One of the leading Independent Power Producer (IPP) ReNew Power has appointed three senior executives who have joined the organization in leadership roles. These strategic appointments are in-line […] Read more
Renew Power Commissions 126 MW of First Reverse Wind Auction in India Updated On Tue, Aug 28th, 2018 by Saurenergy ReNew Power’s this project is part of the country’s first wind power reverse auction concluded by Solar Energy Corporation of India Limited (SECI) in February 2017 under the 1000 MW Inter-State Transmission System (ISTS). India’s one of the leading renewable energy IPP, ReNew Power has successfully commissioned Phase 1 (126 MW) of its 250 MW […] Read more
