ReNew Power

Post IPO, ReNew Power Plans Over 18 GW of Renewables by 2025

ReNew Power, an India-based independent power producer, has plans to build a pipeline of around 18-19 GW of renewable capacity by the end of the financial year (FY) 2025, Sumant ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

Funding and M&A Roundup: Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

From: Mercom Capital Group Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent power producer, has closed an investment round that attracted $225 million in new equity ...
/ / Other, Renewable Energy
Maharashtra Approves Draft Policy to Deploy 17 GW of Renewable Power by 2025

Maharashtra Approves Draft Policy to Deploy 17 GW of Renewable Power by 2025

The Maharashtra State Cabinet has approved the draft policy ‘Unconventional Energy Generation Policy 2020’ to be adopted by the Department of Energy to promote non-conventional energy generation in the state. The agency ...
Rajasthan Targets 30 GW of Solar Capacity by 2025 in its New Policy

Rajasthan Targets 30 GW of Solar Capacity by 2025 in its New Policy

Rajasthan has released its Solar Energy Policy, 2019, which aims to achieve a target of 30 GW of solar power by financial year (FY) 2024-25. Of this, utility or grid-scale ...
/ / Markets & Policy, Solar
KERC Asks DISCOMs to Stick to Competitive Bidding Guidelines for Wind Projects

SECI’s 1.2 GW Wind Tender Garners Huge Response, Oversubscribed by 1,125 MW

The recent wind tender issued by the Solar Energy Corporation of India (SECI) for 1,200 MW of projects have been oversubscribed by 1,125 MW. These ISTS-connected wind projects were issued ...
/ / Other, Wind
PTC India Invites Bids to Procure 1 GW of Wind-Solar Hybrid Power

PTC India Invites Bids to Procure 1 GW of Wind-Solar Hybrid Power

PTC India has invited expressions of interest (EoI) from developers to procure 500 MW of hybrid renewable energy (wind and solar) (Tranche-I), with a greenshoe option for an additional 500 ...
/ / Solar, Tenders & Auctions
Tender Issued for 20 GWh of Solar Power Via Open Access by Tamil Nadu Milk Co-operative

Tender Issued for 20 GWh of Solar Power Via Open Access by Tamil Nadu Milk Co-operative

The Tamil Nadu Cooperative Milk Producers Federation (Aavin) has issued a tender to procure 20 GWh of solar power per year through open access projects for five years. The contracted ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up: Microsoft and Partners to Launch AI-based Renewables Project Atlas

India Must Add 188 GW of Renewable Capacity in the Next Five Years to Meet Peak Demand: CEA

India needs to add 224.9 GW of renewable energy generation capacity by 2032 to meet the peak demand and energy requirement for the financial year (FY) 2031-32, according to the ...
/ / Other, Renewable Energy
Aquila Capital Raises €1 Billion for 2.6 GW of Renewable Energy Projects in Southern Europe

Aquila Capital Raises €1 Billion for 2.6 GW of Renewable Energy Projects in Southern Europe

Aquila Clean Energy, a clean energy development platform of Germany-based asset manager Aquila Capital, has secured €1 billion (~$1.005 billion) from the European Investment Bank (EIB) and commercial banks to ...
/ / Finance and M&A, Other
Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables from Gujarat

Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables From Gujarat

Mumbai-based integrated power transmission developer Sterlite Power's Mumbai Urja Marg Transmission (MUML) commissioned a 400 kV transmission line in the Banaskantha, Kansari, and Vadavi regions of Gujarat, four months ahead ...
/ / Grid, Market & Policy
Project Finance Brief: Low Carbon Raises $265 Million for 1 GW of Renewable Projects

Project Finance Brief: Low Carbon Raises $265 Million for 1 GW of Renewable Projects

From: Mercom Capital Group Low Carbon, a renewable energy developer, raised a £230 million (~$265 million) senior debt facility to construct 1 GW of large-scale renewable energy projects in the ...
/ / Other, Renewable Energy
Jinko Solar Ships Over 100 GW of Modules in Q2 2022

Jinko Solar Ships Over 10 GW of Modules in Q2 2022

Jinko Solar, the Chinese solar cell and module manufacturer, has recorded a revenue of RMB18.84 billion (~$2.81 billion) in the second quarter (Q2) of the calendar year 2022, up 27.6% quarter-over-quarter ...
/ / Markets & Policy, Solar
India can Add 23.7 GW Wind Capacity by 2026 with Policy Support Report

India can Add 23.7 GW Wind Capacity by 2026 with Policy Support: Report

India can add 23.7 GW of wind capacity by 2026 with supportive policies and dialogue between the central and state governments, according to the 'India Wind Energy Market Outlook 2026', ...
/ / Wind
JSW Renew Energy Wins SECI Tender for 1GWh Battery Energy Storage Systems

JSW Renew Energy Wins SECI Tender for 1 GWh Battery Energy Storage Systems

JSW Renew Energy Five Limited, a special purpose vehicle (SPV) of JSW Energy, has won Solar Energy Corporation of India’s (SECI) auction to set up pilot projects of 500 MW/1000 ...
Bihar Proposes Renewable Power Purchase Obligation Trajectory Until 2030

Daily News Wrap-Up: Power Grid Bags Transmission Project to Evacuate 1 GW of Solar Power

Here are some noteworthy cleantech announcements of the day from around the world: REC Power Development and Consultancy (RECPDCL) handed over a project-specific Special Purpose Vehicle formed to construct Neemuch ...
/ / Other, Renewable Energy
ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion

ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion

Independent power producer ReNew Power posted total revenue of ₹25 billion (~$313.41 million) for the first quarter (Q1) of the fiscal year (FY) 2023, an increase of 48.8% compared to ...
/ / Other, Renewable Energy
Uttar Pradesh Proposes to Install 16 GW of Solar Capacity in the Next Five Years

Uttar Pradesh Proposes to Install 16 GW of Solar Capacity in the Next Five Years

The government of Uttar Pradesh has issued the draft Solar Energy Policy 2022. The policy will be valid for five years or until the government notifies a new policy, whichever ...
/ / Markets & Policy, Solar
ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project

ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project

India-based independent power producer ReNew Power announced a partnership with twelve international lenders for what is deemed to be the largest External Commercial Borrowings (ECB) project finance loan totaling $1.1 ...
Project Finance Brief: Exus to Acquire 20 Solar Projects Totaling 1 GW in Brazil

Project Finance Brief: Exus to Acquire 20 Solar Projects Totaling 1 GW in Brazil

From: Mercom Capital Group Exus Brasil Investimentos, an asset manager of Exus Management Partners (Exus), has signed a deal to acquire 100% shares of the Riacho da Serra project in Piauí, Brazil, ...
/ / Finance and M&A
Bids Invited for Procurement of 250 MW of Renewable Power with Energy Storage

MSEDCL Invites Bids to Procure of 250 MW of Renewable Power with Energy Storage

Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 250 MW of flexible and schedulable power from grid-connected renewable energy projects with an energy storage facility on a ...
GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids to set up pilot projects of 1 GWh (500 MW x 2 hours) standalone battery energy storage systems (BESS) in Gujarat ...
Daily News Wrap-Up Intel to Raise $1.25 Billion Through Green Bonds

Daily News Wrap-Up: Intel to Raise $1.25 Billion Through Green Bonds

Here are some noteworthy cleantech announcements of the day from around the world: Intel announced the pricing of its inaugural green bond issuance totaling $1.25 billion. The net proceeds of ...
/ / Other, Renewable Energy
Renewable Energy a Top Priority for the Government, Says Bhagwanth Khuba

Renewable Energy a Top Priority for the Government, Says Bhagwanth Khuba

The government has made strong commitments to scale renewables, especially solar. Renewable energy is a top priority for the government, said Minister of State for New and Renewable Energy Bhagwanth ...
/ / Other, Renewable Energy
Indian Railways Floats Tender to Procure 1 GW of Round-the-Clock Renewable Power

Indian Railways Floats Tender to Procure 1 GW of Round-the-Clock Renewable Power

REMC Limited, a joint venture of Indian Railways and RITES, on behalf of Indian Railways, has invited bids to procure 1 GW of round-the-clock (RTC) power from grid-connected renewable power ...
Railways Invites Bids for 1.548 GW of Solar Projects Across India

Railways Invites Bids for 1.55 GW of Solar Projects Across India

REMC Limited, a joint venture of the Indian Railways and RITES, has invited bids to set up 1.548 GW of ground-mounted solar power projects near the traction substations at 25 ...