Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
Karnataka Looks At A Hydrogen Cluster In Mangaluru Updated On Mon, Jun 20th, 2022 by Saurenergy Karnataka recently signed two major projects about hydrogen production. ACME Cleantech Solutions Private Limited and ReNew Power have each signed to invest ₹52,000 crores and ₹50,000 crore in the state over the last one month, in MoU’s signed at Davos. Sharing the vision of the state government, Gunjan Krishna, commissioner for industrial development and director, […] Read more
ReNew Analyst Call Highlights- Module Mfg Hiked To 6 GW, Corporate PPA Market, More Backward Integration Updated On Thu, Jun 16th, 2022 by Saurenergy Nasdaq listed ReNew Energy Global (ReNew Power), which announced its Q4 results for FY 22 yesterday (June 15), hosted its analyst call later in the evening. We bring you some of the key highlights from the call, where Founder, Chairman and CEO Sumant Sinha Spoke, along with new CFO Kedar Upadhye, Chief Sustainability Officer Vaishali […] Read more
ReNew Power Q4 Results, Total Income for FY 22 at Rs 6919 cr, Net Loss At Rs 1612 cr Updated On Wed, Jun 15th, 2022 by Saurenergy ReNew Energy Global plc, has announced its consolidated results for Q4 FY22 and the fiscal year ended March 31, 2022. As of June 14, 2022, ReNew had a gross total portfolio of ~12.8 GWs of renewable energy projects across India, including commissioned and committed projects. Operating Highlights The commissioned capacity of the Company rose by 0.13 GWs during […] Read more
Suzuki Buys RE From ReNew Power For Indian Plant Updated On Fri, Jun 3rd, 2022 by Saurenergy Suzuki Motor has begun to buy wind and solar power for its plant in Gujarat from ReNew Power as part of its drive to cut about 6% of the Japanese automaker’s global carbon dioxide emissions. As Suzuki’s biggest market, India accounted for about 60% of its global production of four-wheeled vehicles last fiscal year and […] Read more
ReNew Power Announces Adding 700 MW; Portfolio Jumps to 12.8 GW Updated On Fri, Jun 3rd, 2022 by Saurenergy Renewably energy player ReNew Power has announced that it has signed definitive agreements to acquire an operating wind and solar portfolio of about 528 MW. The green power capacity comprises 471 MW of wind and 56 MW of solar assets. ReNew Power has also signed a power purchase agreement (PPA) with Maharashtra’s MSEDCL for a […] Read more
ReNew Power Signs PPA With Meghmani Finechem For Hybrid Project Updated On Mon, May 30th, 2022 by Saurenergy Meghmani Finechem Limited (MFL), a leading manufacturer of Chlor-Alkali and its value added derivatives, on May 28 announced that it has entered into agreements with Renew Green Energy Solutions Pvt Ltd for setting up a wind-solar hybrid power project. Meghmani Finechem has executed an Energy Subscription Agreement (ESA) and Share Subscription and Shareholder Agreement (SSSHA) […] Read more
Davos Casts A Spell, ReNew Power Signs Another MoU With Karnataka Updated On Wed, May 25th, 2022 by Saurenergy Davos seems to be working like a magnet to all stakeholders in renewable energy from across India. MoU after MoU have been signed here on the sidelines of World Economic Forum. Soon after signing an MoU with Maharashtra a couple of days ago, ReNew Power on May 25, signed another Memorandum of Understanding (MoU) with […] Read more
Maharashtra, ReNew Power Sign Rs 50,000 Crore RE MoU In Davos Updated On Wed, May 25th, 2022 by Saurenergy The Maharashtra energy department and ReNew power, one of India’s leading renewable energy companies, signed an MoU of Rs 50,000 crore in Davos on May 24 for investments in renewable energy in the state for the next six to seven years. Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) Managing Director Vijay Singhal signed the MoU […] Read more
