ReNew Power Sells its Rooftop Solar Portfolio for ₹6.72 Billion

ReNew Power Sells its Rooftop Solar Portfolio for ₹6.72 Billion

Indian renewable energy developer ReNew Power announced that it has sold its 117 MW of distributed rooftop solar portfolio to distributed solar company Fourth Partner Energy for ₹6.72 billion (~$89.9 million). The net proceeds ...
/ / Finance and M&A, Solar
ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to form a joint venture ...
ReNew Power Raises $400 Million Through Green Bonds

ReNew Power Raises $400 Million Through Green Bonds

Indian renewable energy developer ReNew Energy Global announced that its wholly-owned subsidiary, India Clean Energy Holdings, has raised $400 million at 4.5% by issuing senior secured dollar notes. Climate Bonds Initiative ...
/ / Finance and M&A, Solar
CERC Directs SECI and Solar Developers to Settle ‘Change in Law’ Claims Mutually

CERC Directs SECI and Solar Developers to Settle ‘Change in Law’ Claims Mutually

The Central Electricity Regulatory Commission (CERC) recently ruled that the affected parties should settle the ‘Change in Law’ claims mutually as per the terms of the power purchase agreement (PPA) ...
/ / Markets & Policy, Solar
Daily News Wrap-Up: Indian Railways to Develop 71 MW of Solar Projects on its Vacant Land

Daily News Wrap-Up: Indian Railways to Develop 71 MW of Solar Projects on its Vacant Land

Here are some noteworthy cleantech announcements of the day from around the world: Indian Railways plans to develop around 71.7 MW of solar projects on its unused vacant land. Of ...
/ / Other, Renewable Energy
Grasim to Procure Additional Power from ReNew’s Captive Wind-Solar Hybrid Project

Grasim to Procure Additional Power from ReNew’s Captive Wind-Solar Hybrid Project

Grasim Industries Limited, the textile arm of the Aditya Birla Group, has signed a supplemental share subscription agreement with ReNew Green Energy Solutions and ReNew Surya Uday. The company plans ...
/ / Commercial, Solar
Indian Renewable Energy Company ReNew Power Lists on Nasdaq

Indian Renewable Energy Company ReNew Power Lists on Nasdaq

Indian independent renewable power producer ReNew Power has been listed on the Nasdaq after completing a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC). In February 2021, ReNew ...
/ / Markets & Policy, Solar
Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

Stakeholders in the solar industry believe that tariffs in upcoming solar auctions are likely to settle around ₹2.50 (~$0.034)/kWh, given the spike in module and commodity prices. Developers are bracing ...
Project Finance Brief Opdenergy to Sell 1,044 MW of Spanish Solar Portfolio to Bruc Energy

Project Finance Brief: Opdenergy to Sell 1,044 MW of Spanish Solar Portfolio to Bruc Energy

Opdenergy, an independent renewable energy producer, has reached an agreement to sell 20 solar projects in Spain with a total capacity of 1,044 MW to Bruc Energy, an asset manager ...
/ / Other, Renewable Energy
ReNew Power Acquires 260 MW of Operational Solar Projects in Telangana

ReNew Power Acquires 260 MW of Operational Solar Projects in Telangana

ReNew Power, an independent power producer, announced that it has signed a definitive agreement to acquire 260 MWac of operational solar projects in Telangana. In addition, the company also signed ...
/ / Finance and M&A, Solar
CERC Denies Transfer of Bank Guarantee for Stage-II Connectivity of Wind Projects

CERC Denies Transfer of Bank Guarantee for Stage-II Connectivity of Wind Projects

The Central Electricity Regulatory Commission (CERC), in a recent order, rejected ReNew Power’s petition to adjust the bank guarantee upon grant of stage-II connectivity against the letter of award (LoA) issued ...
/ / Wind
Daily News Wrap-Up: US Launches Energy Earthshots to Accelerate Clean Energy Drive

Daily News Wrap-Up: US Launches Energy Earthshots to Accelerate Clean Energy Drive

Here are some noteworthy cleantech announcements of the day from around the world: United States Secretary of Energy Jennifer Granholm launched the U.S. Department of Energy’s (DOE) Energy Earthshots Initiative ...
New Inverter Technologies Reducing the LCOE of Large-Scale Solar Projects

New Inverter Technologies Reducing the LCOE of Large-Scale Solar Projects

The second wave of the pandemic has been negatively impacting the cost of large-scale solar project development and management. There is also a surge in component prices, adding to the ...
/ / Markets & Policy, Solar
Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures

Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures

The Central Electricity Regulatory Commission (CERC) has reserved its judgment, in reply to a petition filed by ReNew Power and its three subsidiaries on submitting a fresh bank guarantee to ...
/ / Other, Wind
CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

The Central Electricity Regulatory Commission (CERC), responding to ReNew Power’s petition, has directed the Power Grid Corporation of India Limited (PGCIL) not to encash bank guarantees submitted towards its wind ...
/ / Other, Wind
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Daily News Wrap-Up: ReNew Power Plans Solar Manufacturing Facility in Gujarat

Here are some noteworthy cleantech announcements of the day from around the world: Renewable energy company ReNew Power plans to develop a solar cell and module manufacturing facility in Dholera ...
Daily News Wrap-Up ReNew Power to Use Airtouch Solar's Robotic Cleaning Systems

Daily News Wrap-Up: ReNew Power to Use Airtouch Solar’s Robotic Cleaning Systems

Here are some noteworthy cleantech announcements of the day from around the world: Airtouch Solar has signed a contract with ReNew Power to supply water-free robotic cleaning systems for three ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ ReNew Power Commissions a 105 MW Solar Project in Gujarat

Daily News Wrap-Up: ReNew Power Commissions a 105 MW Solar Project in Gujarat

Here are some noteworthy cleantech announcements of the day from around the world: Renewable energy company ReNew Power has commissioned a 105 MW project in Gujarat's Patan district. The project ...
/ / Other, Renewable Energy
Investors Must Come With Strong Operating Knowledge Of The Indian Market

Investors Must Come With Strong Operating Knowledge of The Indian Solar Market

At the Fireside Chat session held on Day 1 of the Mercom India Solar Summit 2021, Sumant Sinha, Chairman, and Managing Director, ReNew Power, shared industry insights in a freewheeling ...
/ / Markets & Policy, Solar
Funding and M&A Roundup_ BlackRock Real Assets Raises $4.8 billion to Fund Renewables

Funding and M&A Roundup: BlackRock Real Assets Raises $4.8 Billion to Fund Renewables

From: Mercom Capital Group BlackRock Real Assets has achieved a $4.8 billion final close of Global Renewable Power Fund III (GRP III) with commitments from over 100 institutional investors, including ...
/ / Other, Renewable Energy
ReNew Power Pledges to Achieve Net-Zero Emissions by 2050

ReNew Power Pledges to Achieve Net-Zero Emissions by 2050

ReNew Power, India-based renewable energy company, has announced its commitment towards attaining net-zero greenhouse gas emissions by 2050. The company aims to help address the global climate crisis and lead ...
/ / Other, Renewable Energy
ReNew Power to Raise $585 Million Through Dollar Green Bonds

ReNew Power to Raise $585 Million Through Dollar Green Bonds

ReNew Power has announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated senior secured 'green bonds' due 2028 on March 31, 2021, to be issued by its subsidiaries ...
/ / Finance and M&A, Solar
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
GUVNL 500 MW

Gujarat’s 500 MW Solar Tender Receives Strong Response

The Gujarat Urja Vikas Nigam Limited's (GUVNL) tender to purchase power from 500 MW of grid-connected solar projects (Phase XII) in the state has received a good response and has ...
Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian solar sector declined by 66% and stood at approximately $2.8 billion (~₹203.17 billion) in the calendar year (CY) 2020, compared to $8.2 billion (~$595.02 billion) in ...