ACME, Norfund Alliance for Renewable Energy In India
ACME and Norfund will certainly eye investments in 'potential renewable energy' projects in the country to ensure ecologically sustainable development in India. Norfund has already committed to purchase some crucial projects in India.
Jan 27, 2023 // Markets & Finance News, ReNew Power, energy transition, acme, green energy, norfund, carbon emission, KLP, Mark Davis, Norwegian Climate Investment Fund, Manoj Upadhyay, NCIF
ReNew Power Finalises Solar Cell Units In Rajasthan & Gujarat
Gujarat will see the establishing of a solar cell as well as module manufacturing center. The Gujarat unit will take pride in an annual capacity of 2 GW. In Rajasthan, the facility for the manufacture of solar modules will certainly have an annual capacity worth 4 GW.
Jan 16, 2023 // Manufacturing News, IPP, solar cells, solar modules, ReNew Power, Sumant Sinha, norfund, KLP, WTGs
Is Solar Momentum Stuttering To A Halt In India?
Higher prices and also restrictions have actually stymied growth after Q2 in India. The scenario is likely to be worsened by March this year, as a lot of projects will certainly go across deadlines to either surrender allowances or cancel, if they can't build.
Jan 5, 2023 // Markets & Finance News, UTILITY-SCALE SOLAR, India, Asia, ReNew Power, ALMM, impact of BCD, India solar capacity
ReNew Power Partners With Jindal Stainless for 300MW Hybrid Project
ReNew Power, the largest renewable resource carrier in the nation, as well as Jindal Stainless lately participated in a bargain to develop a utility-scale captive renewable energy project for the distribution of power to their factory in Jajpur, Odisha.
Dec 7, 2022 // Plants, ReNew Power, Odisha, Partnership, hybrid project, Jindal Stainless, Environmental, Jajpur
ReNew Power & Egyptian Govt Sign Framework Agreement for Green Hydrogen Plant
Renewable energy corporation, ReNew Power and also the Egyptian federal government have actually authorized a framework agreement for the building of an $8 billion green hydrogen plant in the Suez Canal Economic Zone.
Nov 16, 2022 // Solar to Fuel, clean energy, ReNew Power, MoU, green energy, Memorandum of Understanding, green hydrogen plant, first local project financing agreement, Renew Energy Global Plc
Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific
The corporate PPA market in Asia is finally supplying on guarantee, mirroring the impact this market can make on new renewable capacity as seen in the North American and also European markets. In India, this is also demonstrated by the active rate of interest of large programmers, who have actually announced plans for this over utility scale projects in some cases.
Nov 10, 2022 // Markets & Finance News, Market Research, UTILITY-SCALE SOLAR, LCOE, Cleantech Solar, ReNew Power, onshore wind, Amplus, Corporate PPA market, corporate renewable power purchase agreements, decarbonisation targets
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America
ReNew Power has actually obtained a loan from Bank of America completing approximately Rs 800 crore, the lender's initial local project financing arrangement in the renewable energy market after a protracted absence.
Nov 9, 2022 // Markets & Finance News, clean energy, finance, ReNew Power, Renewable Energy, bank of america, green energy, first local project financing agreement, Renew Energy Global Plc, Renewable energy industry
Egypt Wants To Construct 2 Large Solar, Wind Projects
The New and Renewable Energy Authority revealed that the solar power plant that could be developed will have a generation capacity of 830 MW and also a wind energy project would generate concerning 1,700 MW. NREA detailed both planned projects as 'under research'.
Sep 6, 2022 // Plants, Asia, Africa, Egypt, ReNew Power, Benban Solar Park, NREA, Solar Project, New and Renewable Energy Authority
ReNew Power Announces Adding 700 MW; Portfolio Jumps to 12.8 GW
ReNew Power has signed conclusive arrangements to acquire an operating wind as well as solar portfolio of regarding 528 MW. Deals see the Company's gross overall portfolio jump over 25% to 12.8 GW from 10.2 GW at the beginning of 2022. In April, the firm included close to 2 GW to its portfolio.
Jun 3, 2022 // Markets & Finance News, power purchase agreement, ReNew Power, Wind Energy, MSEDCL, wind power, Sumant Sinha
Suzuki Purchases RE From ReNew Power For Indian Plant
Suzuki began procuring electricity from a 17.6-megawatt solar-wind hybrid facility run by ReNew Power, constructed exclusively for the car manufacturer, in May.
Jun 3, 2022 // Plants, Commercial, Markets & Finance News, PPA, solar-wind hybrid, gujarat, ReNew Power, Suzuki, CO2
ReNew Power signs PPAs with Indian utilities and corporates for 2GW of solar PV
Indian Independent power producer (IPP) ReNew Power has signed a variety of offtake agreements with both state utilities and corporates in India totalling roughly 2GW.
May 2, 2022 // Markets & Finance News, UTILITY-SCALE SOLAR, India, SECI, Asia, Rajasthan, corporate ppa, corporate offtaker, ReNew Power, PSPCL, utility ppa
Andhra Pradesh high court orders utilities to honour PPA agreements in key ruling for Indian renewables
In a substantial ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state circulation utilities (Discoms) must pay renewable business the terms they agreed to when they authorized power acquisition agreements (PPAs) within 6 weeks.
Mar 17, 2022 // Markets & Finance News, PPA, India, Asia, Vinay Rustagi, ReNew Power, Andhra Pradesh, Azure Power, judicial rulings, Girishkumar Kadam
ReNew sees 25% revenue jump however net losses soar as a result of NASDAQ listing
Indian independent power manufacturer (IPP) ReNew Power posted a 25.6% jump in revenue for the initial nine months of the fiscal year 2022 (FY22) compared to the very same duration in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.
Feb 28, 2022 // Markets & Finance News, IPP, India, Asia, ReNew Power, nasdaq
ReNew Power markets roof solar portfolio for US$ 90m to focus on utility-scale PV
Indian independent power producer (IPP) ReNew Power has actually marketed its 117MW roof solar portfolio as part of a strategy to enhance its focus on utility-scale PV.
Jan 28, 2022 // Markets & Finance News, Rooftop PV, IPP, India, Asia, ReNew Power, Independent Power Producer, acquisition, Fourth Partner Energy
ReNew Energy offers US$ 400m of green bonds to sustain development and refinancing operations
Indian renewables business ReNew Energy Global Plc's completely owned subsidiary India Clean Energy Holdings has elevated US$ 400 million through a green bond sale that will be made use of to sustain the firm's development strategy and "re-finance existing high-cost debt".
Jan 11, 2022 // Markets & Finance News, India, Asia, ReNew Power, Green bonds, fundraising, growth plans
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