Amazon Announces Solar Power Purchase Agreements for 420 MW in India

Amazon Announces Solar Power Purchase Agreements for 420 MW in India

Amazon has announced its first set of utility-scale renewable energy projects in India. They comprise three solar projects in Rajasthan with a cumulative capacity of 420 MW. This includes a ...
/ / Solar, Utility Scale
Daily News Wrap-Up Suzlon to Supply Wind Turbines for Sembcorp’s 180 MW Project

Daily News Wrap-Up: Suzlon to Supply Wind Turbines for Sembcorp’s 180 MW Project

Here are some noteworthy cleantech announcements of the day from around the world: Suzlon Group announced it had won an order to develop a 180.6 MW wind power project for ...
/ / 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
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 ...
DCM Shriram to Source Power from ReNew’s 50 MW Wind-Solar Hybrid Project in Gujarat

DCM Shriram to Source Power from ReNew’s 50 MW Wind-Solar Hybrid Project in Gujarat

Diversified business group DCM Shriram Limited has signed two captive power agreements with ReNew Power for the supply of 50 MW of renewable energy from the latter’s two upcoming projects ...
/ / Other, Renewable Energy
Daily News Wrap-Up: NTPC Commissions 100 MW Floating Solar Project at Ramagundam

Daily News Wrap-Up: NTPC Commissions 100 MW Floating Solar Project at Ramagundam

Here are some noteworthy cleantech announcements of the day from around the world: NTPC announced that the last 20 MW capacity out of the 100 MW Ramagundam floating solar project ...
Renew Power to Increase its Module Manufacturing Capacity to 6 GW

Renew Power to Increase its Module Manufacturing Capacity to 6 GW

Independent Power Producer ReNew Power has announced that it is increasing its module manufacturing capacity to 6 GW from the 4 GW that was planned earlier. The planned capital expenditure ...
/ / Manufacturing, Modules, Solar
Daily News Wrap-Up: Power Minister Urges States to set up Energy Transition Committees

Daily News Wrap-Up: Power Minister Urges States to set up Energy Transition Committees

Here are some noteworthy cleantech announcements of the day from around the world: Union Minister of Power and New & Renewable Energy R.K. Singh asked the states and Union territories ...
Daily News Wrap-Up: Adani & ReNew to Invest in Renewable Projects in Andhra and Karnataka

Daily News Wrap-Up: Adani & ReNew to Invest in Renewable Projects in Andhra and Karnataka

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy (AGEL) signed a memorandum of understanding with the Andhra Pradesh government to develop green ...
ReNew Power Signs Power Purchase Agreements for 2 GW of Solar Projects

ReNew Power Signs Power Purchase Agreements for 2 GW of Solar Projects

India-based independent power producer ReNew Power has signed five power purchase agreements (PPA) amounting to about 2 GW, with Solar Energy Corporation of India (SECI), the Punjab State Power Corporation ...
/ / Solar, Utility Scale
Daily News Wrap-Up: GE to Build Substations for ReNew Power’s Wind Projects

Daily News Wrap-Up: GE to Build Substations for ReNew Power’s Wind Projects

Here are some noteworthy cleantech announcements of the day from around the world: GE's Grid Solutions business announced that it had been awarded a contract by ReNew Power to build ...
/ / Other, Renewable Energy
Daily News Wrap-Up Tata Power Renewables Commissions 300 MW Solar Project in Gujarat

Daily News Wrap-Up: Tata Power Renewables Commissions 300 MW Solar Project in Gujarat

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Renewables Energy Ltd, a wholly-owned subsidiary of Tata Power, announced the commissioning of its 300 ...
ReNew Power’s Total Revenue Up 26% YoY in 9M FY 2022

ReNew Power’s Total Revenue Up 26% YoY in 9M FY 2022

Independent power producer ReNew Power has announced the results for the third quarter (Q3) of the fiscal year (FY) 2022, and the nine months ended December 31, 2021. The company ...
/ / Finance and M&A, Solar
Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Fluence, a provider of energy storage products and services, has announced the results for the first quarter (Q1) of the fiscal year (FY) 2022. The company reported total revenue of ...
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 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