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

ReNew Power in talks to buy 700MW of renewable energy assets

25th May, 2018;  Source: Livemint

Discussions follow renewable power firm's acquisition of Ostro Energy last month India’s largest renewable power company ReNew Power Ltd is in discussions to acquire around 700 megawatts (MW) of renewable assets, a senior company executive said It has also... Read More

India’s largest renewable power company is set to go public

20th May, 2018;  Source: qz.com

The first initial public offering (IPO) in India from the booming renewable energy sector is here ReNew Power, India’s largest renewable energy producer, is looking to raise Rs2,600 crore ($390 million) through its first public share sale The move... Read More

Fossil free

ReNew Power buys Ostro Energy after CPPIB puts in $247 million

3rd Apr, 2018;  Source: Livemint

The Ostro acquisition increases ReNew Power's capacity to over 5,600 MW, the latest investment takes CPPIB's total commitment in ReNew Power to $391 million ReNew Power Ventures Pvt Ltd on Monday said it is acquiring Ostro Energy Pvt Ltd, which has 11 gigawatts... Read More

Modi, in Davos, Praises Globalization Without Noting India’s Trade Barriers

23rd Jan, 2018;  Source: The New York Times

DAVOS, Switzerland — Prime Minister Narendra Modi of India issued a strong call on Tuesday for nations to embrace globalization, combat climate change and strengthen international institutions like the World Trade Organization “Forces of protectionism are... Read More