ReNew Energy Refinances its Dollar-Denominated Bonds from Indian NBFC
Renewable energy producer ReNew Energy Global announced that it had refinanced its 2024 maturity dollar-denominated bonds with amortizing project debt from an Indian non-banking financial company (NBFC). By refinancing the ...
ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW
Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The company ...
ReNew Power to Acquire Over 500 MW of Wind and Solar Projects
Independent power producer ReNew Power has signed definitive agreements to acquire over 500 MW of operating wind and solar assets. ReNew said it would acquire operating wind assets totaling 471.65 ...
ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments
Three renewable energy companies in India, ReNew Power, Vibrant Energy, and Azure Power, have announced changes in their senior leadership positions. The changes come when the Indian renewable energy industry ...
Mitsui to Acquire a 49% Stake in ReNew Power’s 400 MW Round-the-Clock Renewable Project
Global trading and investment company Mitsui & Co is acquiring a 49% stake in ReNew Power’s 400 MW round-the-clock (RTC) utility-scale renewable energy project. The financial details of the acquisition were ...
Month in a Minute: Top Headlines from Indian Renewable Sector in January 2022
Here is a recap of some of the most important headlines from January 2022: ReNew Power sold its 117 MW of rooftop solar portfolio to distributed solar company Fourth Partner ...
![Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]](https://mercomindia.com/wp-content/uploads/2021/12/Top-Five-Corporate-Funding-Deals-of-2021-in-the-Indian-Solar-Market-Infographics.jpg)
Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]
The financing activity in 2021 has exceeded the pre-pandemic levels as the solar market in India has steadily recovered and is having one of its best years on record. A ...
ReNew Power Logs 44% YoY Growth in Revenue in Q2 FY 2022
Independent power producer ReNew Power has recorded a revenue of ₹21.31 billion (~$287 million) for the second quarter (Q2) financial year (FY) 2022, an increase of 44% over Q2 FY ...
SECI Seeks to Encash Bank Guarantee for a Delayed Wind Project, Developer Files Petition
ReNew Wind Energy (TN) Private Limited, a subsidiary of ReNew Power, has filed a petition with the Central Electricity Regulatory Commission (CERC) asking it to issue orders restraining the Solar Energy ...
Amp Energy, Tata, Azure, and O2 Power Winners in NTPC’s 1.2 GW Solar Auction
O2 Power, Azure Power, Tata Power, and Amp Energy have together won 1,170 MW of projects in NTPC Limited’s auction for 1.2 GW of the interstate transmission system (ISTS) connected ...
ReNew Power to Set Up 2 GW Solar Cell and Module Manufacturing Facility in India
ReNew Power, an Indian independent power producer (IPP), has announced its plans to invest between ₹15 billion (~$200 million)-₹20 billion (~$266.7 million) to set up a 2 GW solar cell ...
Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue
ReNew Power Private Limited, a domestic renewable project developer, has raised $450 million (~₹31.96 billion) through a dollar bond issuance. Mercom confirmed the deal with the parties involved. The bonds ...
Adani Quotes Lowest Tariff of ₹2.69/kWh in SECI’s 1.2 GW Solar-Wind Hybrid Auction
Adani Green Energy emerged as the lowest (L1) bidder in the auction conducted by the Solar Energy Corporation of India Ltd. (SECI) for 1,200 MW of ISTS-connected solar-wind hybrid power ...
SECI’s Solar-Wind Hybrid Tender for 1.2 GW of Projects Left Undersubscribed by 300 MW
The tender issued by Solar Energy Corporation of India Ltd. (SECI) to set up 1,200 MW of ISTS-connected solar-wind hybrid power projects (tranche-II) has been undersubscribed by 300 MW. According ...
Lowest Tariff of ₹2.80/kWh Wins Gujarat’s 1,000 MW Wind Auction
Lowest tariff of ₹2.80 (~$0.0399)/kWh has emerged as the winner in Gujarat Urja Vikas Nigam Limited (GUVNL)’s auction for 1,000 MW of grid-connected wind power projects. According to a market ...
Payment Delays in Andhra Pradesh, Telangana, Tamil Nadu Hit Solar and Wind Developers
Payment delays are becoming a problem again for solar and wind project developers in India especially in Andhra Pradesh, Tamil Nadu, and Telangana. Some instances in Madhya Pradesh and a ...
CERC Provides Relief to Solar Developers in Matter of GST Compensation
In a positive development for the domestic renewable industry, the Central Electricity Regulatory Commission (CERC) has provided relief to solar project developers with regards to the effect of goods and ...
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 ...
Siemens Gamesa and Inox Wind Bag Massive Orders in India
Since the inception of reverse bidding in India’s wind sector back in February 2017, approximately 10 GW of wind power projects have been auctioned in the country. And of late, ...
SECI’s 2 GW Wind Tender Receives Damp Response, Undersubscribed by 800 MW
The Solar Energy Corporation of India (SECI)’s 2 GW Tranche-V wind tender has been undersubscribed by 800 MW. The shortage of connectivity infrastructure across the country seems to have taken ...
Suzlon Commissions 340 MW of Solar Projects Across Three Indian States
Suzlon, a domestic renewable energy project developer, has successfully commissioned 340 MW of solar photovoltaic (PV) projects across three states of Maharashtra, Telangana, and Rajasthan. The three projects in Telangana ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
DISCOMs Could Look to Coal if Solar Tariffs Go Over ₹3.50/kWh Because of Safeguard Duty
The proposed 70 percent provisional safeguard duty on solar imports, if levied, has the potential to reverse India’s solar growth trajectory and send the wrong signal to the investment community ...