Sprng Buys Shapoorji Pallonji’s 194 MW Operational Solar Assets Updated On Mon, Apr 1st, 2019 by Saurenergy 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 […] Read more
ReNew Power Concludes $375 Mn Green Bond Issue Updated On Wed, Mar 13th, 2019 by Saurenergy The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […] Read more
Fitch Ratings Assigns BB(EXP) Rating to ReNew’s USD Notes Updated On Sat, Feb 23rd, 2019 by Saurenergy Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II. Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II, which is a restricted group of subsidiaries owned by ReNew Power Ltd. “The rating of the proposed notes reflects […] Read more
ReNew Power Secures Additional Debt Funding of $350 Mn From OPIC Updated On Thu, Feb 21st, 2019 by Saurenergy The IPP has secured a fresh debt financing of up to USD 350 million from the US Government’s development finance institution. ReNew Power, one of India’s largest renewable energy Independent Power Producer (IPP) in terms of total energy generation capacity, has secured a fresh debt financing of up to USD 350 million from the Overseas […] Read more
SoftBank Led SB Energy Leads Bidding on SECI 1200 MW Wind Auction Updated On Wed, Feb 6th, 2019 by Saurenergy Bids totalling 2,325-MW capacity were received by SECI in response to the 1200 MW tender. A host of other industry majors including SoftBank led SB Energy have marked their interest in Solar Energy Corporation of India’s (SECI) latest 1200 MW wind power tender. SB Energy has made its first bid for a standalone wind project […] Read more
Siemens Gamesa to Supply 567 MW to Renew Power for 2 Wind Projects Updated On Fri, Feb 1st, 2019 by Saurenergy As per the deal, which is said to be one of the largest announced in the country, the wind turbine maker will provide the infrastructure needed to install and operate both wind power facilities to Indian IPP. Spanish wind turbines maker Siemens Gamesa Renewable Energy (SGRE) secured a new order from ReNew Power, India’s one […] Read more
From MW to GW: A Change that Describes India’s Solar Journey Since 2014 Updated On Fri, Jan 25th, 2019 by Saurenergy Every industry evolves its own jargon as it grows. In solar industry in India, the biggest change has been the shift in the language used to express deal sizes and ambition today. Megawatts (MW) to Gigawatts (GW) is a game changer. It was an innocuous looking invite, like many the editorial team receives each day. […] Read more
ReNew Power Selects GE for 300 MW Gadhsisa Wind Farm Updated On Fri, Dec 21st, 2018 by Saurenergy The wind farm with a proposed installed capacity of 300 MW will be GE Renewable Energy’s largest full turnkey project in India, the statement said. US wind turbines major GE Renewable Energy has been selected by India’s ReNew Power to procure 120 GE 2.5-132 turbines for Gadhsisa Wind Farm in Gujarat, according to a statement […] Read more
ReNew Power’s Edu-Hub Project in Varanasi Awarded Five Star SVAGRIHA Rating Updated On Thu, Dec 13th, 2018 by Saurenergy Edu-Hub is an initiative undertaken by ReNew Power to support talented rural children and youth, by promoting digital literacy. ReNew Power’s Edu-Hub Project in Varanasi has been awarded the coveted Five Star SVAGRIHA Rating by the Green Rating for Integrated Habitat Assessment (GRIHA) Council. Edu-Hub is an initiative undertaken by ReNew Power to support talented […] Read more
