India PV News Snippets
Reliance Planning Integrated Renewable Energy Power Projects & More From IRS, ReNew, MoP, AGEL
Reliance proposes to build Integrated Renewable Energy Power Projects; IRS & MPUVNL sign MoU for solar-electric boats; Airtouch Solar bags another deal with ReNew; MoP’s new guidelines for competitively procured solar PV projects; QIA picks up 2.7% stake in AGEL.
India PV News Snippets
SECI Earns Over INR 100 Billion From Power Trading & More From GUVNL, RIL, Gautam Solar
SECI has earned INR 100 billion from power trading; GUVNL has auctioned 500 MW solar capacity under phase XIX, says Mercom; RIL drops plan for RNEL’s merger; Gautam Solar’s high efficiency panels for Bhopal airport.
India PV News Snippets
India Auctions 4.45 GW Utility Scale RE Capacity In First 2 Weeks Of FY 2024 & More From SJVN, ReNew
JMK Research says India awarded close to 4.45 GW renewables capacity in initial 2 weeks of April 2023; SJVN picks BVG India for 100 MW solar project; ReNew has raised $400 million through subsidiary.
India Allocates 39.6 GW PV Under PLI Tranche-II
Indosol, Reliance & First Solar Among Winners Of India’s Production Linked Incentive Scheme, Round 2
India has announced INR 139.4 billion ($1.7 billion) financial support for 39.6 GW of new vertically integrated solar manufacturing capacity under Solar Energy Corporation of India (SECI) managed Production Linked Incentive (PLI) scheme tranche-II se.
India’s ReNew Improved Q3/FY23 Revenues By 19.4% YoY
Increase in Operating Capacity Pushed ReNew Power’s Revenues While Lowering Its Net Loss; Management Expecting Cheaper Imports In Future
Increase in operating capacity and late payment surcharge from customers helped NASDAQ listed renewable energy company ReNew Power to increase its annual revenues for Q3/FY23 (period ending December 2022) by 19.4% and for 9M/FY23 by 23.1%, while expa.
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.
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