Uttar Pradesh to Invite Bids for 100 MW Solar Power Projects in March Updated On Wed, Jan 10th, 2018 by Saurenergy According to a senior state ministry official the bids are for solar projects on open access basis to be set up in the Bundelkhand region. Boosted by the successful implementation of solar projects in states like Karnataka and Gujarat, the Uttar Pradesh government is planning to invite bids for 100 MW of solar power projects […] Read more
Renew Power and Hareon Solar Commissions 172MW solar power plant in Dichipally, Telangana Updated On Tue, Oct 3rd, 2017 by Saurenergy This project is the largest joint-venture project between Hareon Solar and ReNew Power and was commissioned ahead of schedule. Hareon Solar and ReNew Power Ventures Pvt. Ltd. has announced the commissioning of their 172 MW (143 MWAC) solar project in Dichipally, Telangana, India. The 172 MW solar power plant spreads over approximately 1100 acres of […] Read more
Goldman Sachs-backed ReNew Power aiming at 5 GW power generation capacity in the next two yrs Updated On Mon, Sep 11th, 2017 by Saurenergy In April, ReNew Power Ventures had announced doubling its power generation capacity in a year’s time, which crossed 2 GW. ReNew Power Ventures targets to double its generation capacity to 5 GW in the next two years, a top company official said. The company has planned to add 1 GW capacity this fiscal, ReNew Power […] Read more
ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO Updated On Wed, Jul 19th, 2017 by Saurenergy ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […] Read more
Solar Energy Sector Sees $4.6 Billion Funding in First Half Current Fiscal Updated On Mon, Jul 17th, 2017 by Saurenergy Solar energy sector has seen funding from corporate, venture capital funding, public market and debt financing that all together stood at USD 4.6 billion in the first half of this year. Solar energy sector witnessed corporate funding of USD 4.6 billion globally in the first six months this year, marginally higher than the year-ago period. […] Read more
UNION BUDGET 2017: Shock and Awe for Indian Solar Industry Updated On Fri, Apr 21st, 2017 by Saurenergy In an assertive throw to fuel the solar sector, the budget covertly focused towards helping the rural sector, agricultural sector and re-energising the real estate sector. It was a known fact that Digital payments and Demonetisation will take the center-stage. The clean energy pledges also vowed new propagations as the Government of India rifles solar […] Read more
ReNew Power Invests INR 6700 Crore to Double its Renewable Energy Capacity in One Year to Cross 2GW Updated On Thu, Apr 6th, 2017 by Saurenergy In a single year, ReNew Power has doubled its renewable energy generation capacity to cross 2000 MW. ReNew Power Ventures Pvt. Ltd. (“ReNew Power”), India’s leading renewable energy Independent Power Producer has announced that the company has doubled its power generation capacity in a single year’s time to cross 2 GW. In the financial year […] Read more
ReNew Power Raises $475 Million at Cheaper Cost Updated On Tue, Feb 7th, 2017 by Saurenergy The green bonds yielded 6% at the close of subscription and have helped ReNew Power raise $475 Million. ReNew Power Ventures has raised $475 million by selling green bonds to overseas investors as the solar and wind energy producer plans to refinance debt. The bond yielded 6% at the close of subscription on Monday. The […] Read more
ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India Updated On Wed, Jan 18th, 2017 by Saurenergy ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […] Read more
