ReNew Power set to buy 5 renewable power companies

ReNew Power set to buy 5 renewable power companies

ReNew Power, the largest independent power producer, is set to acquire five companies in the renewable power space — solar and wind — that have a combined capacity of about 680 MW for about Rs 6,000 crore, said two people familiar with the development.

Maharashtra Gets Rs 1.30 Lakh Cr Investment In Power Sector

Maharashtra Gets Rs 1.30 Lakh Cr Investment In Power Sector

Maharashtra, with an installed generation capacity of 13,602 MW, is set to become power surplus. Industry majors including Tata Power, Adani Power, Torrent Power, SoftBank Group, ReNew Power and Waaree Energies will invest a whopping Rs 1.30 lakh crore in generation (thermal, gas, solar and wind), transmission and distribution.

Small Players May Exit Green Energy – Mr Sumant Sinha

Small Players May Exit Green Energy – Mr Sumant Sinha

Economic Times reported that the renewable energy sector in India is on the road to consolidation and players with smaller portfolios are looking at exiting the market as returns are shrinking in the face of lower tariffs and uncertainty on the policy front.

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