ReNew Power Set To List On NASDAQ On August 24


18th Aug, 2021;  Source: The Economic Times


Gurgaon-based renewable energy company ReNew Power is set to list on Nasdaq on August 24, after RMG Acquisition Corp II's shareholders agreed to the merger RMG II is a blank cheque special purpose acquisition company (SPAC), through which ReNew is listing on... Read More


solar and wing energy

At 100GW, India is now No. 4 in solar and wind energy capacity


14th Aug, 2021;  Source: The Times of India


India’s renewable energy capacity, excluding large hydroelectric projects, hit 100 GW (gigawatts) on Thursday, making it the world’s fourth largest in terms of total installed green energy capacity The milestone is commendable for the world’s third-largest... Read More


ReNew enters hydro sector, buys L&T unit


12th Aug, 2021;  Source: Business Standard


Infrastructure major Lar­sen & Toubro (L&T) sold its 99-megawatt (Mw) hydro power project to ReNew Power, marking its entry in the hydro sector Separately, ReNew, which is set to list on the New York Sto­ck Exchange, also acquired 260 Mw/330Mwp of... Read More


solar and wing energy

Clean energy jobs can drive post-Covid recovery


5th Oct, 2020;  Source: India Climate Dialogue


Renewable energy continues to create jobs worldwide and the industry has the potential to lead employment growth as countries start recovering from the Covid-19 pandemic The global renewables sector added half a million jobs in 2019, according to the latest... Read More


Why India may not achieve its 2022 clean energy target


3rd Nov, 2019;  Source: The Economics Times


"Payment delays and Andhra's decision to renegotiate tariffs threaten to derail India’s clean energy plans" India has come a long way in renewable energy in the past decade The country’s installed capacity has risen sixfold to nearly 83 gigawatts (1 GW =... Read More


Budget 2019: Reforms, revival expected to infuse fresh energy into power industry


6th Jun, 2019;  Source: The Economic Times


Power minister RK Singh says a revival scheme for gas-based power plants and a tariff policy are in final stages of being drafted The government plans major reforms in the power sector, including revival schemes for state distribution companies and fuel-starved... Read More


India’s surging economy could doom climate efforts—unless richer nations step up


24th Apr, 2019;  Source: Technology Review


No matter how fast the country builds new solar and wind farms, that alone won’t be enough In the flat terrain of eastern Karnataka, deep in the interior of the Indian subcontinent, you don’t see the Pavagada Solar Park coming But when it appears, on the... Read More


ET Awards 2018 for Entrepreneur of the Year: Sumant Sinha, Chairman & MD, ReNew Power Ventures


18th Nov, 2018;  Source: Economics Times


The entrepreneurship and leadership of Sinha, an alumnus of IIT-Delhi, IIM-Calcutta and Columbia University, has helped ReNew Power become India’s No 1 renewable energy company Give me green! I have the power and promise a clean tomorrow Sumant Sinha has... Read More


Massive capital flow needed to boost India’s transition to renewable energy


26th Sep, 2018;  Source: Business Standard


Conditions have to be created for the infusion of capital needed to accelerate the transition to renewable sources of energy, according to a panel of experts Ajay Mathur, the Director General of TERI and Co-Chair of the Energy Transitions Commission (ETC) who... Read More


Goldman Sachs’ ReNew Power stake sale to be biggest IPO exit by a PE firm in India


27th May, 2018;  Source: Livemint


Goldman Sachs could fetch Rs 4,000-4,500 crore in the stake sale via the ReNew Power IPO Goldman Sachs Group Inc’s planned $600 million stake sale in ReNew Power Ventures Pvt Ltd will mark the biggest exit for a private equity fund through an initial share sale... Read More