Budget 2019: Reforms, revival expected to infuse fresh energy into power industry
Jun 6th, 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 power plants that depend on natural g ...ReadMore
India's surging economy could doom climate efforts unless richer nations step up
Apr 24th, 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 far side of a dusty little village, it ...ReadMore
ET Awards 2018 for Entrepreneur of the Year: Sumant Sinha, Chairman & MD, ReNew Power Ventures
Nov 18th, 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 led ReNew Power Ventures to the position ...ReadMore
Massive capital flow needed to boost India's transition to renewable energy
Sep 26th, 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 chaired the panel on Tuesday, said: ...ReadMore
Goldman Sachs ReNew Power stake sale to be biggest IPO exit by a PE firm in India
May 27th, 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 in India. ReNew Power, which file ...ReadMore
ReNew Power in talks to buy 700MW of renewable energy assets
May 25th, 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 signed binding term sheets with so ...ReadMore
India's largest renewable power company is set to go public
May 20th, 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 comes just a month after ReNew sealed& ...ReadMore
ReNew Power buys Ostro Energy after CPPIB puts in $247 million
Apr 3rd, 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 1.1 gigawatts (GW) of renewable asse ...ReadMore
Modi, in Davos, Praises Globalization Without Noting India?s Trade Barriers
Jan 23rd, 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 raising their heads against globalizati ...ReadMore
India Inc's dream team for 2018
Dec 28th, 2017; Source: Economic Times
“Old chestnuts and new disruptors will battle it out next year. Steel will become sexy again and tech will go beyond robots.” SPENDING JUNE WITH THE SUN SUMANT SINHA: ReNew the Faith GAME This CEO’s so flush with cash — from investors as disparate as sheikhs from Abu Dhabi to pe ...ReadMore
