renew

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Funding and M&A Roundup: Home Electrification Company SPAN Raises $96 Million

SPAN, a smart electrical panel maker, has raised $96 million in a Series B2 funding round led by Wellington Management. The round also included participation from...

April 26, 2023

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Arjun Pradeep

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Finance and M&A

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Other
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Daily News-Wrap Up: PFC Loans ₹6.33 Billion for EV Deployment

Power Finance Corporation has approved a loan of ₹6.33 billion (~$77 million) to Gensol Engineering for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000...

April 24, 2023

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Mercom India

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Daily Wrap-up
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ReNew Energy Subsidiary Raises $400 Million via Green Bonds

ReNew Energy has raised $400 million through its fully owned subsidiary Diamond II from senior secured green bonds. The green bonds issued by ReNew’s subsidiary...

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Amp Energy, ReNew, Hero Future, and ACME Win 1.2 GW Hybrid Tender

Amp Energy India, ReNew Vikram Shakti, Hero Future Energies, and ACME Cleantech Solutions have won the Solar Energy Corporation of India (SECI)’s auction for developing...

April 12, 2023

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Gautamee Hazarika

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Solar

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Tenders & Auctions

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Wind
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Daily News Wrap-Up: ENGIE, ReNew, NTPC Won REC’s 1,250 MW Solar Auction

Solairedirect Energy India (ENGIE), ReNew Solar Power, and NTPC Renewable Energy won REC Power Development and Consultancy’s auction to develop 1,250 MW inter-state...

April 7, 2023

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Mercom India

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Daily Wrap-up
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ReNew and Avaada Win Government’s 500 MW Solar Auction

ReNew Solar Power and Avaada Energy have won REC Power Development and Consultancy’s (RECPDCL) auction to supply 500 MW of power from interstate transmission system...

April 6, 2023

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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SECI’s Payments to Wind and Solar Developers Grew 62% YoY in February 2023

The Solar Energy Corporation of India (SECI) has disbursed a sum of ₹8.9 billion (~$109.5 million) to wind and solar energy developers for the electricity procured in...

March 28, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Reliance, Tata, and ReNew Among Winners for Solar Module Manufacturing PLI

The Solar Energy Corporation of India (SECI) has declared the winners who would be eligible to receive a total of ₹139.4 billion (~$1.69 billion) under Tranche II of the...

March 28, 2023

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Arjun Joshi

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Solar

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Tenders & Auctions
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Reliance, ReNew, Tata Power Among Bidders for Solar Module PLI Tranche II

Solar module manufacturers, including Reliance Industries, ReNew Power, and Tata Power, are among the bidders for the second phase (Tranche II) of the Production-Linked...

March 2, 2023

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Arjun Joshi

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Manufacturing

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Solar
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Energy Storage Firm Fluence Plans to Set Up Manufacturing in India

U.S.-based energy storage products and services provider Fluence will localize its products in India by the end of 2024. However, the complex process of manufacturing...

February 27, 2023

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Sumit Jha

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Energy Storage

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Market & Policy
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ReNew Power’s Q3 Net Loss Narrows to ₹4 Billion on Higher Operating Capacity

Independent renewable power producer ReNew Power‘s net loss narrowed to ₹4 billion ($49 million) in the third quarter (Q3) of the financial year (FY) 2023,...

February 21, 2023

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Arjun Joshi

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Other

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Renewable Energy
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SECI Pays ₹7.3 Billion to Solar and Wind Developers in December 2022

The Solar Energy Corporation of India (SECI) has released ₹7.3 billion (~$88.6 million) in payments to solar and wind developers for the power purchased in December 2022....

February 15, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

Norway’s development finance institution Norfund and the country’s largest pension fund KLP have announced an investment of NOK109 million (~$10.85 million) for a 49%...

January 4, 2023

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Gourav Mishra

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Grid

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Market & Policy
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ReNew Energy Refinances its Dollar-Denominated Bonds from Indian NBFC

Renewable energy producer ReNew Energy Global announced that it had refinanced its 2024 maturity dollar-denominated bonds with amortizing project debt from an Indian...

July 13, 2022

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Vijayalakshmi Sridhar

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Finance and M&A

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Other
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ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The...

June 15, 2022

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Arjun Joshi

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Uncategorized

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