Renewable energy companies with a strong portfolio are becoming prudent about adding capacity through auctions because of various factors such as currency fluctuation, interest rates and the infrastructure needed to transmit electricity
A line-up of over 50 power-packed sessions awaits visitors to the First Assembly of International Solar Alliance (ISA); the 2nd Indian Ocean Rim Association (IORA) Renewable Energy Ministerial Meet and the 2nd Global RE-Invest India-ISA Partnership Renewable Energy Investors
ReNew Power Limited, India’s largest renewable energy IPP in terms of total energy generation capacity*, today announced the successful commissioning of Phase 1 (126 MW) of its 250 MW wind project located in Kutch district of Gujarat.
The high profile billion dollar IPO of India’s largest renewable energy company ReNew Power backed by Goldman Sachs may have got delayed.
The proposed big bang IPO of India’s largest renewable energy company by capacity ReNew Power backed by Goldman Sachs, may have got delayed, but ET NOW learns that the Sumant Sinha led firm is exploring fresh fund raising options to address its immediate capital requirements.
India’s largest renewable power company, ReNew Power, aims to deploy the funds through a planned initial public offering (IPO) of its equity on acquisition and to diversify into allied sectors.
The company might consider expanding into adjacent verticals in the renewable energy value chain, banking sectors
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.
The Supreme Court has slapped a penalty of Rs 110 million on Gurgaon-headquartered renewable energy company ReNew Power for delaying the commissioning of a 51-Mw solar power project in Madhya Pradesh by more than 210 days. The court, however, set aside the cancellation of the power purchase agreement (PPA) which the MP government had initiated.
Sumant Sinha-led Re-New Power Ventures has finalised the takeover of Ostro Energy for an enterprise value of ₹10,800 crore ($1.66 billion), the biggest M&A deal in the renewables sector, sources close to the deal said.