Goldman Sachs is planning to sell its remaining 14% ownership in ReNew Energy Global to Canada Pension Plan Investment Board (CPPIB) for around $268 million. After the transaction, the pension fund, one of the largest in the world, will become ReNew’s dominant stakeholder, with a holding of more than 51%.Continue Reading
ReNew Power, one of India’s leading private renewable energy project developers, may be aiming to sell more than 1 gigawatt of solar and wind power projects. ReNew Power is negotiating a sale of 350 megawatts of solar and 750 megawatts of wind energy assets to Torrent Power, an integrated powerContinue Reading
ReNew Power and Japan’s Mitsui have struck an agreement under which the Japanese business would invest in the Indian company’s round-the-clock renewable energy project. In Rajasthan, Karnataka, and Maharashtra, three wind farms and a solar-plus-battery storage farm will be built. It will supply 400 MW of power to the state-ownedContinue Reading
ReNew Power, an Indian renewable energy firm, announced the sale of a 117MW/138MWp distributed rooftop solar portfolio to Fourth Partner Energy for a price of Rs 6.72 billion ($89.9 million). Fourth Partner is one of India’s premier rooftop solar energy firms. It is a beneficiary company of TPG and Norfund.Continue Reading
Fluence, a global market leader in energy storage products, services, and digital applications for renewables and storage, and ReNew Power (ReNew) today announced the formation of a new company to serve the needs of local customers throughout India and to address the country’s rapidly growing energy storage market. Energy storageContinue Reading
ReNew Energy Global Plc, one of India’s leading renewable energy companies, announced on Friday that India Clean Energy Holdings, a Mauritius-based entity and a wholly owned subsidiary of ReNew Power, raised $400 million at a 4.5 percent coupon rate in the international market by issuing senior secured dollar notes. ReNewContinue Reading
ReNew Power is set to buy operational solar and hydropower generation assets totaling 359 megawatt (MW) for an enterprise value of $384 million. The acquisition includes 99 MW Singoli Bhatwari Hydroelectric Project (SBHEP) in Uttarakhand from L&T Power Development Ltd and marks ReNew Power entry into the hydropower generation space.Continue Reading
Siemens Gamesa, said it has secured a second deal to supply wind turbines to ReNew Power for a 322-megawatt (MW) in Tondehal, Karnataka. Earlier this month, it had received a similar wind turbine order from ReNew Power for a 301-MW project in Hombal, Karnataka. According to the company press release,Continue Reading
