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
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
India-Ra Report Predicts Rs 59,000 Crore Losses At Discoms in Fy 21-22 Updated On Thu, Jun 2nd, 2022 by Saurenergy India Ratings Research (Ind-Ra) has released a ready reckoner on financial health of discoms for 2021-22. Ind-Ra has used the data from Power Finance Corporation Limited’s (PFC) report on Performance of State Power Utilities 2019-20, tariff orders from state electricity regulatory commissions and annual reports to carry out the analysis and make FY22 estimates. In […] Read more
HPL reports Q4 FY2022 Results; Jump In Consumer Segment Business Updated On Tue, May 31st, 2022 by Saurenergy Electric equipment manufacturer HPL Electric and Power Ltd has announced its financial results for the Quarter and Year ended March 31st, 2022. The company has indicated a strong performance in the Consumer segment (B2C) business. According to the official statement released by HP Electric and Power, the wire and cable segment revenue grew by 72% […] Read more
Rays Power Infra Prepares For The Next Growth Phase With Sale Of Assets At Rs 700 crores Updated On Fri, May 13th, 2022 by Saurenergy Rays Power Infra has formally announced its debt free status to the world. This has been achieved with the sale of solar assets in Tamil Nadu, Karnataka and Telangana to global investors for Rs 700 crores. The announcement was made by Pawan Sharma, Co-Founder, Director, Rays Power Infra. The assets sold had total debt of […] Read more
IEX Q4 and FY 2022 Results; Profit Grows 50% on 36% Growth in Topline Updated On Thu, Apr 28th, 2022 by Saurenergy India’s premier energy exchange, IEX has announced its fourth quarter and full year results for FY22. Key Highlights from the results are: (* All amounts are represented in the table are in Rs Crores) Particulars Q4FY21 Q4FY22 YoY FY21 FY22 YoY Electricity Volume (in BU) 22.4 24.8 10.5% 74.0 95.6 29.2% REC Certificates […] Read more
Neoen sees bigger appetite for RE as Europe shuns Russian power Updated On Wed, Mar 16th, 2022 by Saurenergy French renewable power producer Neoen should benefit from more demand for green energy in Finland, Italy and France as Europe looks to become independent from Russian gas, the company’s chief executive said on Monday. The European Union has announced plans to expand its clean energy capacities as it looks to cut dependency on Russian gas […] Read more
Mainstream Renewable, Aker buy 50% stake in 800MW offshore wind plant in Japan Updated On Tue, Mar 15th, 2022 by Saurenergy Wind and solar company Mainstream Renewable Power and Aker Offshore Wind have closed a deal which will give them a 50% stake in a 800 megawatt (MW) floating offshore wind project in Japan, the companies said on Monday. The other 50% stake in the project belongs to renewable energy project developer Progression Energy. Mainstream is […] Read more
