Page 6 - Renew Power

ReNew looks at optimising cost, shifts 20 employees to partner KPMG India

ReNew currently holds the largest portfolio of wind and solar power capacity of 5,600 Mw in the country

ReNew Power likely to raise funds by selling assets after dropping IPO plan

The company isn't alone in withdrawing plans for an IPO or considering an infrastructure investment trust

India needs to have 325,000 Mw renewable capacity in 10 yrs: ReNew Power CEO

Promoters in India identify too closely and control their companies too much, says ReNew Power CEO Sumant Sinha

ReNew Power & CII to work together to tackle air pollution in Delhi NCR

Company to provide 500 farmers with access to alternative stubble management techniques for improving air quality aims to offset stubble burning of 5000 acres of land in Punjab

ReNew to retire debt, build M&A warchest with proceeds from planned IPO

The firm might also consider expanding into adjacent verticals in the renewable energy (RE) value chain

ReNew Power slapped with Rs 119-million fine for delay in MP solar project

The Supreme Court has, however, set aside the termination of the contract by the Madhya Pradesh government

Newsmaker: Meet ReNew Power's Sumant Sinha, the green power player

The purchase of Ostro Energy strengthens his beliefs in the universal benefits of renewable energy

ReNew Power acquires Ostro Energy to become country's largest RE company

CPPIB invests $247 million in ReNew to support the acquisition

Canadian pension fund CPPIB to invest $144 million in ReNew Power

Founded in 2011, ReNew Power is one of India's leading renewable energy developer and operator with clean energy capacity across the wind, utility-scale solar and rooftop solar power-producing assets

ReNew Power to maintain its lead in green energy, but with caution

ReNew has operational and under-construction capacity of 3500 MW in 16 states. Of this, 1600 MW is from wind and 1100 is from solar projects, all commissioned.

ReNew Power raises Rs 22 bn via NCD to repay loans, expand business

L&T Financial Services acted as the underwriter for the multi-issuer cross-collateralised rupee bond

ReNew Power to double generation in next 2 yrs, achieve 5 GW capacity

The company has planned to add 1 GW capacity this fiscal

ReNew Power doubles installed capacity to over 2 GW with $1-bn investment

Sumant Sinha promoted ReNew Power Ventures Pvt. Ltd doubled its power generation capacity in a single year's time to cross 2000 MW. To achieve the target, it made investment worth Rs 6700 crore (approximately USD 1 billion) to add 430 MW of solar and 626 MW of wind capacity.Over the last six years, the company has increased its capacity multifold - starting from 200 MW in FY 2011-2012 to 2GW as on March 31, 2017, said the company in a public statement. "This milestone acquires special significance due to several reasons - our growth is organic, the capacity has doubled on a significant base of 1 GW, and we are committed to focus on high quality projects to create positive returns for our stakeholders," said Sumant Sinha, Chairman and CEO, ReNew Power. ReNew Power was launched in 2011 by Sumant Sinha with Goldman Sachs. It recently has secured long-term debt financing of $390 million from Asian Development Bank (ADB) and LEAP. Also, Japanese power sector major JERA recently picked up .

ReNew Power commissions 143-Mw solar farm in Telangana

The state govt is committed to providing good quality clean power, says G. Jagadish Reddy

JERA picks up 10% in ReNew Power for $200 mn

Marking entry of Japanese strategic investors, deal takes ReNew's value to $2 bn

ReNew Power raises $450 mn in green bonds

ReNew bond is rated B+, which is considered speculative grade

ReNew gets $390 mn financing from ADB, LEAP

Proceeds from this loan will be utilised to develop and expand capacities by around 709 Mw

ReNew Power targets 3.500 Mw extra capacity every year

To maintain its share of 10% green capacity by 2020