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 ...
Funding and M&A Roundup_ Shell to Acquire Renewable Power Trader Next Kraftwerke

Funding and M&A Roundup: Shell to Acquire Renewable Power Trader Next Kraftwerke

Shell will acquire 100% of Next Kraftwerke's shares, subject to approval by the regulators. As a part of the Renewables & Energy Solutions division at Shell, the German power trader ...
/ / Other, Renewable Energy
ReNew Power to Go Public in an $8 Billion SPAC Deal

ReNew Power to Go Public in an $8 Billion SPAC Deal

ReNew Power, an India-based independent power producer, has signed an agreement for a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC), resulting in ReNew Power ...
/ / Finance and M&A, Other
Torrent Power and Adani Green Winners in Gujarat’ 300 MW Solar Auction

Torrent Power and Adani Green Winners in Gujarat’s 300 MW Solar Auction

Torrent Power Generation and Adani Green Energy are winners in Torrent Power Limited’s auction to develop 300 MW of grid-connected solar projects in Gujarat. Adani Green and Torrent Power quoted ...
/ / Solar, Tenders & Auctions
IFC Subscribes to $56 Million of Continuum's Green Bond Offering in Singapore

IFC Subscribes to $56 Million of Continuum’s Green Bond Offering in Singapore

The International Finance Corporation (IFC), the World Bank Group's financial arm, has extended its support to Continuum Green Energy by subscribing to 10% of the company's first green bond, which ...
/ / Other, Renewable Energy
ReNew Power Raises $325 Million through Overseas Green Bonds

ReNew Power Raises $325 Million through Overseas Green Bonds

ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
/ / Finance and M&A, Solar
Solar Tenders Rise by 14% as Auctions Decline in Q3 2020

Solar Tenders Rise by 14% as Auctions Decline in Q3 2020

The government agencies announced about 6.3 GW of tenders in the third quarter Q3 of the calendar year (CY) 2020, an increase of 14% compared to the previous quarter, according ...
SECI Announces 100 MW Solar Tender with Battery Energy Storage in Chhattisgarh

SECI Announces 100 MW Solar Tender with Battery Energy Storage in Chhattisgarh

The Solar Energy Corporation of India (SECI) has invited bids for a 100 MW (AC) solar power project along with a 50 MW/150 MWh battery energy storage system (BESS). The ...
/ / Solar, Tenders & Auctions
Suzlon Net Loss Widens to Nearly ₹4 Billion in Q1 of FY 2021

Suzlon Net Loss Widens to Nearly ₹4 Billion in Q1 of FY 2021

Suzlon Group, a renewable energy solutions provider, announced its financial results for the first quarter (Q1) of the financial year (FY) 2020-21. The company registered revenues of ₹5.13 billion (~$70.1 ...
/ / Other, Wind
ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency

ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency

ReNew Power and the UN Environment Programme (UNEP) entered a partnership agreement to promote increased access to renewable energy and improved energy efficiency. UNEP addresses environmental issues at the global ...
/ / Other, Renewable Energy
Solar Developer Seeks Return of Bank Guarantee After PPA Termination

Solar Developer Seeks Return of Bank Guarantee After PPA Termination

Arina Solar Private Limited has filed a petition with the Central Electricity Regulatory Commission (CERC) requesting it to direct the Solar Energy Corporation of India (SECI) to return its performance ...
/ / Grid, Market & Policy
CERC Examines Wind Developer’s Petition for Relief from Transmission Charges

CERC Examines Wind Developer’s Petition for Relief from Transmission Charges

Renewable developer Sprng Renewable Energy Private Limited recently approached the Central Electricity Regulatory Commission (CERC) against the Power Grid Corporation of India Limited (PGCIL), seeking relief on the grounds of ...
/ / Wind
ReNew Power Acquires Climate Connect

ReNew Power Acquires Climate Connect

ReNew Power has announced that it has signed an agreement to acquire Climate Connect (also known as Regent Climate Connect Knowledge Solutions Private Limited). Climate Connect is a technology company ...
6 Month Moratorium to Renewable Generators Can Bring Huge Relief_ ReNew Interview

Six Month Moratorium to Renewable Generators Can Bring Huge Relief: ReNew Interview

The global coronavirus crisis has disrupted production processes and supply chains across sectors, and the solar industry is no exception. In India, the lockdown is still in place, and social ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
ReNew Power Wins SECI’s 400 MW Round-The-Clock Renewable Tender at ₹2.90_kWh

ReNew Power Wins SECI’s 400 MW Round-The-Clock Renewable Tender at ₹2.90/kWh

The Solar Energy Corporation of India (SECI) has announced the winner of its tender for 400 MW of renewable power on a round-the-clock (RTC) basis. ReNew Power won the auction for ...
SECI’s 1.2 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 2.3 GW

SECI’s 1.2 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 2.3 GW

The Solar Energy Corporation of India (SECI) has announced the list of participants for its tender for 1.2 GW of solar projects. In January 2020, SECI had issued a detailed ...
/ / Solar, Tenders & Auctions
Greenko, ReNew Win SECI’s 1.2 GW Solar, Wind Auction with Storage For Peak Power Supply

Greenko, ReNew Win SECI’s 1.2 GW Solar, Wind Auction with Storage for Peak Power Supply

Greenko Group and ReNew Power won the auction conducted by the Solar Energy Corporation of India (SECI) for 1.2 GW of solar, wind, and energy storage projects with guaranteed peak ...
/ / Solar, Tenders & Auctions
ReNew Power Partners with South Korea’s GS E&C for a 300 MW Solar Project in Rajasthan

ReNew Power Partners with South Korea’s GS E&C for a 300 MW Solar Project in Rajasthan

Independent power producer ReNew Power Private Limited has announced a joint venture partnership with South Korea’s GS E&C for the construction of a 300 MW solar power project in Rajasthan. The project is ...
/ / Solar, Utility Scale
Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

In the first half of this year (1H 2019), Azure Power, ReNew Power, Sprng Energy, and Tata Power emerged as the top four developers of utility-scale solar power projects in ...
/ / Mercom Research Focus, Other
Singapore’s Temasek Partners with Swedish EQT to Build Solar & Wind Farms in India

Singapore’s Temasek Partners with Swedish EQT to Build Solar & Wind Farms in India

Temasek, a Singapore-based Holdings company, has partnered with EQT, a Swedish private equity company, to launch a renewable energy platform in India. The platform, called 02 Power, aims to construct wind ...