Articles for Renew Power

Reliance NU launched: Mayank Bansal and Rakesh Swaroop to helm Anil Ambani group’s renewable energy arm
1 month ago

Reliance NU launched: Mayank Bansal and Rakesh Swaroop to helm Anil Ambani group’s renewable energy arm

Live Mint  

Reliance Power on Tuesday announced that it is setting up its renewable energy business, Reliance NU Energies, PTI reported, citing an official statement. “The new subsidiary Reliance Nu will innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world's growing demand for sustainability needs,” said Reliance Power in its statement cited in …

India Energy Power Renewable Renew Reliance Reliance Power
Policy, climate, war make 2022 ‘pivot year’ for clean energy
2 years ago

Policy, climate, war make 2022 ‘pivot year’ for clean energy

Associated Press  

BENGALURU, India — For renewable energy companies in India, it’s a good time to be in business. Renew Power’s CEO Sumant Sinha said the government funds for clean energy send “a strong signal” that the country wants “to become a manufacturing location for renewable energy equipment and a global alternative to China eventually.” “We are excited to be a part …

India Energy China Clean Energy Climate Renewable Energy Power
Corridors of Power: Andhra, Maharashtra, Karnataka Lock Renewable Energy Deals with Investors in Davos
2 years, 7 months ago

Corridors of Power: Andhra, Maharashtra, Karnataka Lock Renewable Energy Deals with Investors in Davos

News 18  

During the World Economic Forum in Davos, several Indian state ministers pitched for investments in the renewable energy sector. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy remarked during one of the panel discussions in Davos that the state has the ability to boost its renewable energy installed capacity to up to 33,000 megawatts. Maharashtra State Energy Minister Nitin Raut …

Karnataka Maharashtra Renewable Energy Power State Minister Invest
L&T announces Hyderabad Metro, Nabha power plant and L&T IDPL proposed sale
3 years, 4 months ago

L&T announces Hyderabad Metro, Nabha power plant and L&T IDPL proposed sale

Live Mint  

NEW DELHI: Larsen & Toubro Ltd, India’s largest engineering company, plans to sell its non-core assets - 1400 megawatt Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Ltd, the subsidiary having road projects and power transmission lines, the company said in a statement on Tuesday. The acquisition of the Singoli Bhatwari Hydroelectric Project in …

India Hyderabad Power Statement Projects Metro Punjab
O2 Power to buy stake in Hero Future Energies’ Rajasthan SPV
3 years, 10 months ago

O2 Power to buy stake in Hero Future Energies’ Rajasthan SPV

Live Mint  

NEW DELHI: O2 Power, promoted by European alternative asset manager EQT and Temasek, is acquiring a 49% stake in Rahul Munjal-led Hero Future Energies Pvt. Hero Future Energies sold 20% stake for $150 million to Masdar, also known as Abu Dhabi Future Energy Co. in November 2019, valuing the New Delhi-based company at $750 million. The O2 Power-Hero Future Energies …

India Energy Future Solar Power Mint Stake Energies
India's ReNew Power To List On NASDAQ With $8 Billion Valuation
3 years, 10 months ago

India's ReNew Power To List On NASDAQ With $8 Billion Valuation

ABP News  

Mumbai: India's largest renewable energy producer ReNew Power has agreed to list on NASDAQ with an enterprise value of $8 billion as it decided to merge with the blank-check company RMG Acquisition Corporation II. The transaction would further bolster ReNew's leading position in solar and wind energy generation for the Indian market by funding medium-term growth opportunities and paying down …

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ReNew Power looks at listing overseas
4 years, 2 months ago

ReNew Power looks at listing overseas

Live Mint  

ReNew Power Ventures Pvt. Ltd, one of India’s largest clean energy firms, is exploring an overseas listing, said two people aware of the plan that signals rising global interest in Indian green ventures. This initial public offering plan comes against the backdrop of Thailand’s PTT Group looking to acquire a stake from Goldman Sachs Group in ReNew Power and follows …

India Energy Power Ipo Renew Ptt Renew Power
ReNew Power eyes offshore bond market to raise $320 mn to refinance local debt
4 years, 2 months ago

ReNew Power eyes offshore bond market to raise $320 mn to refinance local debt

Live Mint  

Mumbai: Renewable energy major ReNew Power Pvt. Ltd is planning to tap the offshore bond market to raise as much as $320 million to refinance local debt, the first such offshore bond issuance by an Indian renewable energy producer since covid-19 disrupted the markets in March. India Green will use the proceeds from the dollar notes to subscribe to seven-year …

Market Bond Renew Bond Market Renew Power
ReNew Power, UNEP ink pact for better clean energy access, higher efficiency
4 years, 4 months ago

ReNew Power, UNEP ink pact for better clean energy access, higher efficiency

Live Mint  

Clean energy firm ReNew Power and the UN Environment Programme have signed a partnership agreement to promote increased access to renewable energy and improved energy efficiency. ReNew Power will partner with UNEP’s District Energy in Cities Initiative as an implementation partner for renewable energy installations across India with the aim of shifting the heating and cooling sector to an energy …

India Energy Clean Energy Renewable Energy Power Renewable Renew
Macquarie, NTPC among those eyeing IL&FS assets
6 years ago

Macquarie, NTPC among those eyeing IL&FS assets

Live Mint  

New Delhi: Half-a-dozen investors, including ReNew Power Ventures Pvt. The transaction for one of India’s largest wind energy platforms will rank among the marque deals in the space, given that IL&FS has operational plants aggregating 873.5 megawatts and 104MW under construction. “There is considerable interest in IL&FS’s wind energy assets with around half-a-dozen firms looking at it,” said the person …

India Energy Wind Assets Power Renewable Asset
CPPIB looking to buy part of Goldman Sachs stake in ReNew Power
6 years, 2 months ago

CPPIB looking to buy part of Goldman Sachs stake in ReNew Power

Live Mint  

Mumbai: Canada Pension Plan Investment Board is in talks to increase its stake in renewable energy company ReNew Power Ltd by purchasing some of the shares that larger shareholder Goldman Sachs has put up for sale, two people aware of the development said. Goldman Sachs was ReNew’s first investor, while CPPIB, Canada’s largest pension fund manager, entered with a $391 …

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