Microsoft’s 150 MW Solar Power Agreement In India
ReNew Power Lands Corporate Power Purchase Agreement For 150 MW Rajasthan Solar Project With Microsoft India
Indian renewable energy company ReNew Power has announced signing a power purchase agreement for 150 MW solar PV capacity near Rajasthan’s Bikaner with the Indian presence of global technology giant, Microsoft India.
India PV News Snippets
Partners Group To Turn Sunsure Into IPP With 3 GW Operational Capacity & More From AGEL, ReNew Power, MSEDCL, TotalEnergies ENEOS
Partners Group is acquiring majority stake in Sunsure Energy; AGEL claims world’s largest wind-solar hybrid power developer tag with 450 MW project; ReNew Power to build 300 MW captive hybrid RE project for Jindal Stainless Steel; MSEDCL launches 3.
ReNew’s Q2/FY23 Revenues Go Up, Net Loss Narrows
ReNew Enters Partnership With Norway’s Norfund & KLP; To Acquire SaaS Company 3E & Build Green Hydrogen Project In Egypt
NASDAQ listed Indian renewable energy company ReNew Energy Global plc exited Q2 FY23 (period ended September 30, 2022) with 5.1% annual increase in total revenue with INR 22.45 billion ($275 million), while narrowing net loss of INR 986 million ($12 .
India’s ReNew Power Suffers Net Loss In Q1 FY23
ReNew Power’s Q1 FY23 Total Income, Adjusted EBITDA & Total Portfolio Improved
Indian renewable energy company ReNew Power grew its total income in Q1 FY23 (period ending June 2022) by 48.8% annually to INR 25 billion ($316 million) and adjusted EBITDA by 49.7% to INR 20.15 billion (255 million).
India’s ‘Largest’ ECB Project Finance For RE Project
12 International Lenders Back ReNew’s 1.3 GW Hybrid Renewable Energy & Battery Project
India’s ReNew Power has secured what it terms as the largest external commercial borrowings (ECB) project finance loan worth $1 billion from 12 international lenders for a single project—1.3 GW hybrid wind, solar and battery project, at a ‘highly competitive price’.
Green Hydrogen & Green Ammonia Project In Egypt
India’s ReNew Power To Build Green Hydrogen Project In Egypt Worth $8 Billion
Indian renewable energy company ReNew Power will build a 220,000 tons green hydrogen project that will lead to the production of 1,100 million tons of green ammonia in Egypt under an agreement signed with local authorities.
India PV News Snippets
Laxman AG, New Borosil Renewables’ SPV For Europe & More From ReNew, Tata, SJVN, Continuum, Shell
BRL’s European subsidiary is Laxman AG; ReNew refinances dollar-denominated bonds; Tata Power subsidiary gets LOA for 600 MW wind & solar project; Solarworld to build SJVN’s UP projects; Continuum Energy raises $350 million; Shell’s Solenergi acquisition approved.
Vikram Solar Gets New Chief Executive Officer
ReNew Power’s CTO Ivan Saha Re-Joins Vikram Solar, This Time As CEO
The Chief Technology Officer (CTO) of ReNew Power Private Limited, Ivan Saha has come back to its alma mater Vikram Solar as the company’s chief executive officer (CEO), where he previously worked as the president and CTO between 2013-2020.
India PV News Snippets
World’s Bank’s $165 Million For 450 MW Residential Rooftop PV & More From Biocon, ReNew, Skyfri
The World Bank is lending $165 million to support residential rooftop solar in India; Biocon is picking up 26% stake in AMPYR’s 30 MW solar plant; ReNew, UNEP & SEWA to train women workers as solar technicians; Skyfri bags Kerala floating solar project from BHEL.
India PV News Snippets
O2 Power Energizes Maiden Solar Plant In India & More From Jakson, Suzuki, MFL
Jakson Group has commissioned a 70 MW solar plant in Assam, while O2 Power has energized a 250 MW project in Rajasthan; SMG gets 17.6 MW hybrid wind and solar plant for captive consumption; MFL will invest in a hybrid wind and solar project with ReNew Green.
India PV News Snippets
China Exported 96% Solar Cells & Modules To India In Q1/2022 & More From TPREL, ACME, ReNew, JA Solar
TPREL energizes 100 MW AC and ACME Solar 300 MW for MSEDCL; ReNew Power signs MoUs to invest in RE in Maharashtra and Karnataka; JSW Energy’s 225 MW solar plant uses JA Solar modules; Solar imports increased 374% in Q1/2022.
ReNew Power Expands Leadership Team
India’s ReNew Power Appoints Group CFO, Chief Growth Officer & General Counsel
Indian renewable energy company ReNew Power has announced new leadership hires, including Kedar Upadhye as the Group CFO, Vikram Kapur as Chief Growth Officer, and Vikash Jain as the General Counsel to help drive its next phase of growth.
ReNew Power’s Cumulative Portfolio Now 12 GW+
India’s ReNew Power Signs PPAs For 2 GW Solar; Plans To Deploy Self-Produced Panels
Indian renewable energy independent power producer (IPP) and NADAQ listed ReNew Power has scaled up its total portfolio of renewable energy capacity to 12.1 GW, up from 10.2 GW at the beginning of CY 2022, thanks to the company bagging around 2 GW solar power purchase agreements (PPA).
India PV News Snippets
NTPC+Mahagenco To Build 2.5 GW Solar Park In Maharashtra & More From MNRE, ReNew, JSW, Goldi
NTPC and MAHAGENCO will develop a 2.5 GW solar park under a JV; GIZ and MNRE seeking proposals for innovative solar applications; Mitsui is taking 49% stake in ReNew’s 1.3 GW RE project; JSW Energy commissions 225 MW solar capacity; Goldi Solar sol.
Green Hydrogen Joint Venture For India
ReNew Power, IndianOil & Larsen & Toubro To Form Green Hydrogen Joint Venture
With an aim to develop, execute and own green hydrogen assets in India, state-owned oil refiner and retailer Indian Oil Corporation, EPC company Larsen & Toubro (L&T) and renewable energy producer ReNew Power will launch a joint venture (JV) with equal stake.
ReNew Power’s 9M/2022 Financial Results
$169 Million Net Loss For ReNew Power, But Revenues Up 25.6% In 9M/2022
Indian renewable energy company ReNew Energy Global plc increased its cumulative commissioned capacity to 7.4 GW with 1.1 GW brought online in Q3/2022 (period ended December 31, 2021), while net loss for 9M/2022 added up to INR 12.57 billion ($169 mi.
ReNew Power Offloads Rooftop Solar Portfolio
Fourth Partner Energy Purchases 138 MW DC Rooftop Solar Capacity From India’s ReNew Power
Eyeing opportunities in the utility scale market, Indian renewable energy independent power producer (IPP) ReNew Power has offloaded its 138 MW DC/117 MW AC rooftop solar portfolio.
India PV News Snippets
Octopus Energy & Sterlite Power Announce Decarbonization Plans For India… & More
SJVN & DVC to build 2 GW solar capacity: Indian hydropower generator SJVN Ltd. and Damodar Valley Corporation (DVC) has signed an agreement to establish 2 GW of solar power projects through a joint venture (JV).
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