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ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America
it comes due.
In the most recent primary auction held by the Reserve Bank of India, three-month Treasury Bills generated 6.45%, and also an onshore loan could be
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
Amazon Adds Record 8.3 GW of Renewables in 2022
Singapore, Spain, and the united state. It also broke ground in Brazil, India, as well as Indonesia. With 25 new renewable energy projects safeguarded to
Feb 1, 2023 // Markets & Finance News, Amazon, Adam Selipsky
IndiGrid Bets Big on Rajasthan Solar, Karnataka Grid Transmission Assets
India Grid Trust (IndiGrid), the country’s first publicly listed power-sector InvIT, has signed definitive agreements to acquire two fully-operational energy assets from ReNew: the 300-MW AC ReNew Solar Aayan park in Rajasthan and the Koppal–Narendra interstate transmission project in Karnataka. The twin deals carry a combined enterprise value of roughly ₹21.08 billion (≈US $250 million), rising to ₹21.75 billion after working-capital adjustments.
Located in Barmer district’s high-irradiation corridor, the solar park has been exporting power since March 2024 under a 25-year power-purchase agreement with Solar Energy Corporation of India at a fixed tariff of ₹2.37 per kWh. Its proximity to ReNew Solar Urja—another 300-MW plant IndiGrid bought last year—offers obvious operational synergies while lifting IndiGrid’s solar portfolio to more than 1 GW.
The second asset, Koppal–Narendra Transmission Ltd, comprises about 276 circuit-kilometres of 400-kV lines and 2,500 MVA of transformation capacity, linking renewable-rich Karnataka to the national grid. Commissioned in October 2023 on a build-own-operate-maintain basis, the line is strategically sited to handle rising green-power flows from the southern peninsula.
IndiGrid will fund the purchase through a blend of equity issuance, internal accruals and fresh debt, nudging its net-debt-to-assets-under-management ratio to about 62 per cent—still within the trust’s self-imposed ceiling and leaving room for further expansion. Management expects the acquisitions to be immediately accretive to cash yields, underpinned by long-term contracts and stable, regulated returns.
“These high-quality, operating projects deepen our presence in two key geographies and reinforce our ambition to own the backbone infrastructure that makes India’s energy transition possible,” managing director Harsh Shah said, adding that the Barmer solar project’s 25-year offtake and the transmission line’s tariff-based structure provide predictable revenue streams. The solar park also benefits from IndiGrid’s existing engineering base in western Rajasthan, promising cost-sharing efficiencies.
Completion is subject to customary regulatory and contractual clearances, but IndiGrid expects to close both transactions within this financial year. Once integrated, the InvIT’s portfolio will span 47 power-transmission and renewable assets across 19 Indian states—an expanding footprint that mirrors the country’s race to install 500 GW of non-fossil capacity by 2030.
Jun 11, 2025 // Plants, Large-Scale, Commercial, India, Asia, IndiGrid, ReNew
Servotech Buys 27% of Rhine Solar to Boost Module Output
subject to customary approvals.
Rhine Solar’s factory, certified under India’s Approved List of Models and Manufacturers (ALMM), now turns out 100 MW
Jun 23, 2025 // Manufacturing News, Markets & Finance News, India, Asia, topcon, Servotech, Rhine Solar
Vikram Solar Soars on 336MW Order Win
module supply order from Larsen & Toubro for the Khavda solar complex in India, marking a significant achievement for the company. The order involves
Sep 8, 2025 // Plants, Large-Scale, Commercial, India, Asia, Vikram Solar
Vikram Solar commissions 164 kWp rooftop solar plant at Belur Math
occasion, “Belur Math is one of the most significant spiritual institutions in India, founded by Swami Vivekananda himself. We are very proud to have become a part
Sep 27, 2019 // Manufacturing News, Rooftop PV, India, Asia, rooftop PV, Vikram Solar, Damodar Valley Corporation, Kuldeep Kumar Jain
Adani Solar Bags Top Performer at PVEL PQP Awards
Solar is the Vertically Integrated Cell & Module producer in India with an ability to create approximately 1.5 GW of Multi, Mono-PERC, and also
May 27, 2021 // Manufacturing News, pv modules, Adani Solar, Ramesh Nair
Shell to acquire Sprng Energy renewables platform for US$ 1.55 bn.
in 2017 to offer solar as well as wind power in India with an initial asset of 330MWp, Sprng's current portfolio stands at 2.9 GWp while the firm has a
May 3, 2022 // Markets & Finance News, India, Asia, Actis, shell, sprng energy, acquisition, portfolio acquisition
Trina Solar's N-Type Modules BIS Certified
Vertex N NEG21C.20 and Vertex N NEG19RC.20, have received the Bureau of Indian Standards (BIS) certification. These modules feature cutting-edge i-TOPCon
Oct 5, 2023 // Manufacturing News, PV module, Trina Solar
China Widens Solar Gap: WoodMac
Its capacity is sufficient to cover global demand until 2032. In the US and India in particular, there are plans for over 200 GW of module capacity since 2022,
Nov 8, 2023 // Manufacturing News, Markets & Finance News, China, Asia
IndianOil to produce non-lithium EV batteries
set up electric vehicle (EV) chargers at its fuel stations, Indian Oil Corporation Ltd is expanding into the manufacture of EV batteries in partnership with
Aug 29, 2019 // Manufacturing News, Storage, Transport, India, Asia, Indian Oil Corporation Ltd, electric vehicle, EV batteries
Covid-19: Solar cell producer CEL to make ICU ventilators, looks for companions
is seeking to accommodate the need of ICU ventilators for Covid-19 people in India by providing its competence and also technological expertise.
The state-owned
Apr 16, 2020 // Manufacturing News, Storage, India, Asia, solar cell, bhel, CEL, covid-19
Tata Power commissions 160MW Rajasthan solar project, continues release in vital Indian states
according to Tata Power Solar.
Rajasthan is among the biggest solar states in India with it as well as 3 other states-- Maharashtra, Gujarat and Uttar Pradesh--
Apr 5, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Asia, Rajasthan, tata power solar, tata power
Statkraft opens largest Indian project to date, plots future development in key market
Tamil Nadu and will produce adequate electricity to power greater than 500,000 Indian homes, Statkraft claimed in a media declaration.
It has actually been
May 31, 2022 // Markets & Finance News, UTILITY-SCALE SOLAR, India, pv power plants, Asia, Statkraft, green hydrogen
SWSL is granted $338m EPC agreement in Australia
collaborating with a number of stakeholders in sustaining this vision. India remains to be a consistent as well as concentrated market for SWSL.
" Along
May 20, 2020 // Markets & Finance News, Australia, SWSL, Oceania, Bikesh Ogra