According to various sources familiar with the subject, Azure Power, Macquarie, KKR, and ReNew Power are among the firms considering an offer for Actis-owned renewable energy provider Sprng Energy. According to reports, a winning bidder would have to pay at least $1 billion for Actis’s interest in Sprng Energy. Additionally,Continue Reading
India’s renewable energy (RE) developers have issued green bonds worth Rs 26,300 crore in the first half (H1) of 2021 alone, beating previous one-year records, according to a study released by CEEW Centre for Energy Finance (CEEW-CEF). It added that India’s RE developers have raised more than Rs 78,200 croreContinue 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
Leading renewable energy firm ReNew Power has decided to set up its manufacturing unit at the Dholera Special Industrial Region (DSIR), about 100 km away from Ahmedabad (Gujarat) . They plan to manufacture both solar cells and modules in the Dholera manufacturing facility with the goal of creating a globallyContinue Reading
Amplus Energy, a rooftop solar power developer backed by Malaysian oil and gas giant Petronas, is reportedly in talks with ReNew Power to acquire its rooftop solar power portfolio. Amplus has a portfolio of 800 megawatts while ReNew Power, which is among the leaders in large-scale solar and wind power,Continue Reading
ReNew Power Pvt. Ltd is planning to list its shares in the US through the fast-emerging SPAC (special purpose acquisition company) route at a valuation of almost $4 billion. They are in talks to merge with RMG Acquisition owned by Nasdaq-listed SPAC Riverside Capital Management. ReNew Power had shelved itsContinue Reading
Goldman Sachs-promoted ReNew Power raised $325 million via offshore bond sale. The dollar bond offer was subscribed 6x with the total offer book at $2 billion. Lot of investors came in from the US and there was an overwhelming demand from Asian markets — almost 56 per cent of the total book,Continue Reading
