Renew Power Expands Leadership Team; Hires 3 Top Executives Updated On Thu, Oct 11th, 2018 by Saurenergy The company has appointed Mayank Bansal as President – Strategy & Operations, Varun Sivaram as Chief Technology Officer and Stephen O’Rourke as Managing Director, ReNew North America. One of the leading Independent Power Producer (IPP) ReNew Power has appointed three senior executives who have joined the organization in leadership roles. These strategic appointments are in-line […] Read more
Renew Power Commissions 126 MW of First Reverse Wind Auction in India Updated On Tue, Aug 28th, 2018 by Saurenergy ReNew Power’s this project is part of the country’s first wind power reverse auction concluded by Solar Energy Corporation of India Limited (SECI) in February 2017 under the 1000 MW Inter-State Transmission System (ISTS). India’s one of the leading renewable energy IPP, ReNew Power has successfully commissioned Phase 1 (126 MW) of its 250 MW […] Read more
SEBI Permits ‘ReNew Power’ to Float IPO Updated On Tue, Jul 24th, 2018 by Saurenergy The ReNew Power IPO comprises of new shares worth Rs 2,600 crore. The move also comes with an additional offer for sale of over 94 million equity shares by existing shareholders. In a substantial addition to solar industry, market watchdog SEBI sanctions Goldman Sachs’ ReNew Power to float its Initial Public Offering (IPO). The ReNew […] Read more
ReNew Power to Acquire Five Renewable Energy Firms for Rs 6,000 cr Updated On Thu, May 10th, 2018 by Saurenergy The transaction is expected to be completed by September this year. Gurgaon based ReNew Power is mulling to buy five renewable energy companies in the solar and wind energy space, with combined capacity of nearly 680 MW for about Rs 6,000 crore. Moreover, the transaction is expected to be completed by September this year. Also, […] Read more
ReNew Power buys Ostro Energy Updated On Mon, Apr 2nd, 2018 by Saurenergy This strategic investment helps ReNew Power further consolidate its position in the fast-growing, Indian clean energy sector. Clean energy firm, ReNew Power has acquired Ostro Energy for an undisclosed amount. The company said in a statement that, “This strategic investment helps ReNew Power further consolidate its position in the fast-growing, Indian clean energy sector.” Concurrent with this transaction, Canada […] Read more
Renew Power Commits Rs 13k cr Investment on Clean Energy in AP Updated On Mon, Feb 26th, 2018 by Saurenergy The move has come to develop renewable energy capacity in Andhra Pradesh and also helps in generating direct employment for 4,000 people and indirect employment for 6,000 people. Renewable energy company ReNew Power has inked a Memorandum of Understanding (MOU) with the Andhra Pradesh (AP) government during the ongoing 3-day CII Partnership Summit to invest Rs 13,000 crore over the next five years. […] Read more
ReNew Power to Invest Rs 8k cr in UP to Set Up 1,200 MW Renewable Capacity Updated On Thu, Feb 22nd, 2018 by Saurenergy The move will create 12,000 jobs in the state, including direct employment for 5,500 people and indirect employment for 6,500 people, to facilitate development of 1200 MW of renewable energy installed capacity in the state. ReNew Power Ventures has signed a Memorandum of Understanding (MOU) with the Uttar Pradesh (UP) government to invest Rs 8,000 crore for 1,200 […] Read more
Renew Power Signs MoU with Maharashtra Govt for Rs 14K Cr Investment Updated On Tue, Feb 20th, 2018 by Saurenergy As per reports, a Memorandum of Understanding (MoU) was signed at the three-day investment summit “Magnetic Maharashtra: Convergence 2018” held in the financial capital of the country. In a significant development, Indian renewable energy company ReNew Power has said it has signed a pact with the Government of Maharashtra to facilitate a proposed investment […] Read more
ReNew Power Raises Rs 2,235 Crore From NCD Updated On Wed, Jan 10th, 2018 by Saurenergy The issuance comes in two parts: the first, a credit enhanced NCD worth Rs 760 crore and the second, a multi-issuer cross-collateralised rupee bond involving multiple power distribution companies. ReNew Power Ventures Pvt. Ltd, one of India’s leading clean energy companies, has stated the closure of the issue of non-convertible debentures (NCDs) collectively worth Rs […] Read more
