renew

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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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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, 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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ReNew Power to Acquire Over 500 MW of Wind and Solar Projects

Independent power producer ReNew Power has signed definitive agreements to acquire over 500 MW of operating wind and solar assets. ReNew said it would acquire operating...

June 3, 2022

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Gourav Mishra

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Other

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Renewable Energy
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ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments

Three renewable energy companies in India, ReNew Power, Vibrant Energy, and Azure Power, have announced changes in their senior leadership positions. The changes come...

May 12, 2022

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Arjun Joshi

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Other

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Renewable Energy

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Uncategorized
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ReNew Power Logs 44% YoY Growth in Revenue in Q2 FY 2022

Independent power producer ReNew Power has recorded a revenue of ₹21.31 billion (~$287 million) for the second quarter (Q2) financial year (FY) 2022, an increase of 44%...

November 19, 2021

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Arjun Joshi

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Other

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Renewable Energy
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Mitsui to Acquire a 49% Stake in ReNew Power’s 400 MW Round-the-Clock Renewable Project

Global trading and investment company Mitsui & Co is acquiring a 49% stake in ReNew Power’s 400 MW round-the-clock (RTC) utility-scale renewable energy project. The...

April 6, 2022

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Arjun Joshi

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Finance and M&A

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Solar
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Month in a Minute: Top Headlines from Indian Renewable Sector in January 2022

Here is a recap of some of the most important headlines from January 2022: ReNew Power sold its 117 MW of rooftop solar portfolio to distributed solar company Fourth...

February 1, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]

The financing activity in 2021 has exceeded the pre-pandemic levels as the solar market in India has steadily recovered and is having one of its best years on record. A...

December 28, 2022

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Arjun Joshi

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Mercom Research Focus

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Other

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