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
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 secures the highest subsidy allocation from SECI for rooftop solar projects Updated On Mon, Nov 28th, 2016 by Saurenergy ReNew Power Ventures Private Limited, India’s leading renewable energy development company, has emerged as the organization with the highest allocation under the mega tender of 500 megawatts of rooftop solar projects floated by Solar Energy Corporation of India Limited (SECI) – the designated implementing agency for this scheme, providing subsidy on roof top projects across […] Read more
ReNew Power Signs MoU With IIT Delhi To Set Up A Research Facility On Renewable Energy Updated On Wed, Nov 23rd, 2016 by Saurenergy ReNew Power has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi (IITD) to set up a research facility on renewable energy. The MoU was signed in the presence of President of India, Pranab Mukherjee at the Rashtrapati Bhavan. ReNew Power notes that MoU is aimed at encouraging and nurturing talent […] Read more
ReNew Power announces public issue of NCD worth Rs.500 cr Updated On Thu, Nov 17th, 2016 by Saurenergy India based renewable energy company, ReNew Power on Wednesday announced public issue of Non-Convertible Debentures (NCD’s) with a face value of Rs. 10, 00,000 each combining to Rs. 500 Crore. The company notes that this is the first certification of an already issued Project Bond by the Climate Bond Initiative (an international, investor focused not-for-profit […] Read more
REtopia to host event on Democratizing Renewable Energy at TER University Updated On Thu, Oct 27th, 2016 by Saurenergy REtopia, the annual technical symposium hosted by students of Department of Energy and Environment at TERI University, would be held on 11th and 12th of November, 2016 under the theme “Democratizing Renewable Energy” at the University Campus. Evolved from the word ‘Utopia’ meaning ideal situation, the objective of the technical symposium is to bring together […] Read more
ReNew Power acquires 5-MW Solar Plant PPA for Chandigarh International Airport Updated On Thu, Aug 4th, 2016 by Saurenergy ReNew Power Ventures Private Limited, one of the India’s top renewable energy company has acquired a PPA for 5-MW solar plant installation from Chandigarh International Airport (CHIAL). The solar project is said to use Single Axis Tracker Technology for improved efficiency. The agreement duration for the 5-MW project is 25 years and was earlier in […] Read more
