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.
Exclusive interviews with Rashesh Shah, Chairman & Chief Executive Officer, Edelweiss Group and Sumant Sinha, Founder Chairman & Chief Executive Officer, ReNew Power Ventures
Rashesh Shah founded Edelweiss as a capital markets intermediary. With his innovative approach, he has expanded into allied businesses, making Edelweiss a leading financial services organization
CPP Investment Board is acquiring a 14-15% stake in Sumant Sinha-led ReNew Power Ventures for $350 million (Rs 2,250 crore), industry sources said, making the Canadian pension fund manager the third largest stakeholder in the company where Goldman Sachs holds the majority share.
Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind powerassets of the KC Thapar Group, helping India’s biggest renewable energy player strengthen its position in the rapidly consolidating sector.
Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India’s biggest renewable energy player strengthen its position in the rapidly consolidating sector.
Renew Power Launches ‘Sumant Sinha Renew Centre Of Excellence For Energy & Environment In Collaboration With Indian Institute Of Technology (IIT), Delhi
ReNew Power Ventures Pvt. Ltd. (“ReNew Power”), India’s leading renewable energy company, today announced the launch of the ‘Sumant Sinha ReNew Centre of Excellence (CoE) for Energy & Environment’ at the Indian Institute of Technology (IIT), Delhi.
Sumant Sinha led ReNew Power Ventures Pvt Ltd, a Goldman Sachs backed clean energy company — is 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, according to multiple officials in the know.
This is a tale of two entrepreneurs. Though they took different paths to get there, both of them have emerged as the most recognisable faces of entrepreneurship in the Indian renewable energy sector.
Sumant Sinha, founder of Goldman Sachs-backed green energy producer ReNew Power Ventures Pvt. Ltd, has raised around $100 million in structured credit from Piramal Capital’s structured financing group (SFG) to raise his stake in the company ahead of a proposed initial public offering (IPO)
Gurgaon-based renewable energy company ReNew Power Ventures has sold 10 per cent stake to Japanese power giant JERA to raise $200 million.