Page 5 - Renew Power

SPACs look to India for next wave of acquisition targets, says Nomura

Nomura also expects more initial public offerings in India this year, with sentiment buoyed by the post-debut performance of recently listed companies

Betting on green

There has been a recent spurt of investor interest in India's renewables space, with the outlook for the sector, as well as for electricity demand growth, remaining strong

ReNew Power pins hopes on Nasdaq listing for funding need till FY25

In an investor call by ReNew and RMG, the firm said it expects revenues to grow 30 per cent until 2025

Goldman-backed ReNew Power to list on NASDAQ at $8 billion valuation

To partner with RMG Acquisition Corporation for private investment in public equity

Goldman Sachs-backed ReNew Power to go public in US via $8-bn SPAC deal

The deal will be financed with cash proceeds of $1.2 bn, including $855 mn in investments from serial blank-check dealmaker Chamath Palihapitiya

ReNew Power prices its green bonds at 4 per cent, say sources

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power

ReNew Power to raise $460 mn in green bonds to finance domestic debt

ReNew Power this way gets shielded from exchange rate volatility, while the FPI hedges its exposure

ReNew Power's $325 mn offshore bond issuance oversubscribed six times

Company executives said this was also the cheapest bond offering by a renewable firm. The bonds were initially priced at 5.875%. When the rate was reduced to 5.375%, investors continued to book

Railways meets solar power developers for zero carbon emission goal

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030

ReNew Power to raise Rs 1,000 cr equivalent in part-guaranteed forex bonds

Will be the first such issuance in over a year, signalling that high-yield markets overseas are opening up, but remain circumspect on likely impact on debt serviceability after Covid outbreak

ReNew Power to enter solar manufacturing with Rs 2,000 cr investment plan

Goldman Sachs-backed firm plans plant for 2 Gw of solar cells and modules, is in talks with several states to set up plant

ReNew Power gives salary hikes of up to 12% to staff amid Covid-19 crisis

Some clean energy firms in private sector have given hikes to employees but that is not across the board and is very nominal for lower income categories

Spain's Solarpack Corp quotes lowest tariff of Rs 2.36/unit for solar power

The tender floated by Solar Energy Corporation of India (SECI) is pan-India and the developer can set up a project anywhere in the country.

Tariff will be lower than Rs 3.6 per unit: ReNew Power's Sumant Sinha

ReNew quoted a winning tariff of Rs 2.9 per unit (kwh) for the complete capacity of 400 Mw offered by the government.

Tariff for round-the-clock solar power is competitive: ReNew's Sumant Sinha

His company won India's first tender in this space with a quote of Rs 2.9 a unit

ReNew Power forms joint venture with Korean major GSE&C for Rajasthan unit

ReNew Power to hold 51% equity under the partnership, balance with GS E&C

ReNew Power targets $2-bn transmission projects, double-digit market share

ReNew recently started participating in transmission project tenders

ReNew Power Transmission eyes double-digit growth, projects worth $20 bn

The Goldman Sachs-promoted firm started its 'New Ventures' division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects

ReNew Power becomes 11th firm globally to reach 5,000-Mw green capacity

India's largest renewable power company on Sunday commissioned a 250 Mw plant in Rajasthan's Bikaner

Pallonji, ReNew Power to invest Rs 750 cr in UP solar power project

The companies will develop 150 mw floating solar power project in Sonbhadra