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ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America

ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […]

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Tata Power RE, Three Other Firms Win RUMSL’s 750 MW Hybrid Project

A joint venture company between The Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam (MPUVN), Rewa Ultra Mega Solar Limited (RUMSL) has released the results of 750 MW hybrid (wind+solar) project. Sprng Ojas, Tata Power Renewable Energy, ReNew Solar Power, and TEQ Green Power IX (O2 Power) were declared the winners […]

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IEEFA Study Makes Case For More Trading, Larger Power Pooling To Cut Costs

The transition to a resilient electricity grid with increasing amounts of cheaper, variable renewable energy will require reforms to the scheduling and dispatch of power, some of which can potentially help electricity distribution companies (DISCOMS) save billions of dollars, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). “India added […]

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ReNew Energy Global Q1 Revenues At Rs 2500 cr, Losses Almost Over

Building on its guidance from it’s Q4 results earlier, ReNew Energy global, India’s leading renewable energy company in terms of total commissioned capacity, has announced its consolidated results for Q1 FY23 ended June 30, 2022. Operating Highlights: As of June 30, 2022, the Company’s portfolio consisted of 12.9 GWs, a 30.3% increase year on year, of which […]

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Iberdrola Commissions Europe’s Largest Solar Plant With 590 MW Capacity

The 590 MW “Francisco Pizarro” PV project in Extremadura, southwest Spain, the biggest solar facility in Europe, has been put into operation by Spanish energy company Iberdrola. This is the largest solar plant installation to be ever built by Iberdrola. The €300 million ($310 million) project is situated between the Cáceres communities of Torrecillas de […]

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JSW Energy Gets SECI LOA For 300 MW Wind Energy Project

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has received Letter of Award (LoA) for a total Wind capacity of 300 MW from Solar Energy Corporation of India Limited (SECI). The company had won the 300 MW capacity at Rs 2.94/unit in the tariff based competitive bid invited by SECI for […]

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Offshore Wind Energy To Cost The Cheapest In UK Now

The biggest ever renewable energy auction in the United Kingdom is bearing fruit for the people and industry as the prices of the offshore wind power, just the second day post auction, has dropped to its cheapest level in the country’s history. Now, the power from fresh auctions will be sold for a mere £37.35 […]

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SECI Has Floated RFS For Setting Up 8 MW Of Waste To Energy Project In Uttar Pradesh

Solar Energy Corporation of India Limited (SECI) has invited solar project developers for the request for selection (RFS) for the establishment of 8 MW of grid-connected waste to energy project, which is to come up in Kanpur, Uttar Pradesh. This project will be completed under Tariff-based Competitive Bidding (WTE-1).  The last date to submit the […]

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ReNew Analyst Call Highlights- Module Mfg Hiked To 6 GW, Corporate PPA Market, More Backward Integration

Nasdaq listed ReNew Energy Global (ReNew Power), which announced its Q4 results for FY 22 yesterday (June 15), hosted its analyst call later in the evening. We bring you some of the key highlights from the call, where Founder, Chairman and CEO Sumant Sinha Spoke, along with new CFO Kedar Upadhye, Chief Sustainability Officer Vaishali […]

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