ReNew Power

India’s Solar Powered IPO’s. Why Success Will Matter

Recent weeks have brought news of two IPO’s from firms in the sector. First is of course Sterling and Wilson’s plans for a billion dollar  IPO, with almost $650 million being the shares offered by key promoters Shapoorji Pallonji and Co and Chairman Khurshed Yazdi Daruvala for sale. The firm, which clocked a topline of […]

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Huawei Supplies Smart String Inverters to ReNew Power’s Largest Utility Solar Project

Huawei supplied its SUN2000-95KTL-INH0 (“95KTL”) 1500Vdc smart interactive string inverters for the setting up of the project. ReNew Power, India’s largest renewable energy IPP (Independent Power Producer) recently announced that its 300 MW solar plant at Pavagada Solar Park was successfully on the commercial operation. Chinese inverter manufacturing major, Huawei supplied its SUN2000-95KTL-INH0 (“95KTL”) 1500Vdc […]

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April 17 Killer Storm hits Bhadla Solar Park too, as Developers Count Damages

The Bhadla Solar Park, the showpiece solar park in Rajasthan, seems to have been hit significantly by the storm on April 17. Risks to Solar Installations from natural causes are an ever present one, and something most firms try to hedge against by way of quality of construction, insurance and a prayer perhaps. At Bhadla […]

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Uttar Pradesh Approves Bids For Development of 100 MW Floating Solar Projects

The commission stated that their approval must not be considered as approval for tariff adoption. For the adoption of the tariff, a separate petition needs to be filed. The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the opening and finalisation of bids submitted by ReNew Power for the development of 100 MW of floating solar […]

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Hero Group & Azure Power Plan To Raise $500 Million Each Through Bond Sale

Hero Group’s renewable energy arm and Azure Power are gearing up to raise $1 billion by selling bonds to overseas investors over the next few weeks in separate offerings, according to people briefed on the matter. Both the Delhi-based green power rivals are looking raise $500 million each and have appointed investment banks to underwrite […]

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ReNew Power Commissions 300 MW Solar Plant in Karnataka

ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully commissioned its 300 MW solar power plant at the Pavagada Solar Park in the Tumkur district of Karnataka. The 300 MW solar installation is now the company’s largest commissioned solar plant in the country in terms of capacity. The plant […]

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Suzlon Completes Sale of Two Subsidiaries to ReNew Power

Suzlon Energy has announced that it has completed the sale of two of its subsidiaries to Ostro Power, a wholly owned subsidiary of ReNew Power for Rs 29.8 crore. The two subsidiaries are the Shreyas Solarfarms limited and Aalok Solar farms Limited, which own a combined 30 MW capacity of solar power projects in Rajasthan. […]

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Sprng Buys Shapoorji Pallonji’s 194 MW Operational Solar Assets

Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operating solar portfolio to Sprng Energy, a renewable energy platform in India by London-based private equity firm Actis.   The deal size has not been disclosed. However, media reports suggest that solar asset’s enterprise value is close to $200 Million or over Rs. 13.8 […]

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ReNew Power Concludes $375 Mn Green Bond Issue

The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […]

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