ReNew Power
ReNew Power is one of the largest renewable energy IPPs in India and globally. It develops, builds, owns, and operates utility-scale wind and solar energy projects, and hydro projects. As of February 1, 2022, ReNew has a total portfolio of 10.2 GW of renewable energy projects across India, including commissioned and committed projects.
See below for the Latest ReNew Power News, Analysis, Profit Results, Share Price Information, and Commentary.
ReNew and Societe Generale sign $1b deal for energy transition projects
This will support the development of projects such as wind, solar, and green hydrogen.
JERA and ReNew to collaborate on green ammonia production project
The green ammonia will be produced in India and supplied to Japan.
ReNew sells 300 MW solar project in India
The project started operations in December 2021.
ReNew switches on 1st interstate transmission project
The Koppal Transmission Scheme will be completed by June 2024.
ReNew Energy, Gentari to develop 5 GW renewable energy in India
The companies signed a 50:50 joint venture.
ReNew bags $7.8b to fund green energy projects
The amount will be provided by the Power Finance Corp. and Rural Electrification Corp.
ReNew Energy subsidiary raises $400m in green bonds
A high-yield issuance outside of India was opened after more than a year of hiatus.
ReNew cuts loss to $49m in Q3 FY23
Its portfolio as of 31 December 2022 is at 13.4 GW.
ReNew Power rebrands to ReNew
The company is transitioning from pure renewable IPP to an end-to-end provider of solutions.
ReNew Power to develop 300MW renewable energy project
The wind and solar hybrid project will be located in Jajpur, Odisha.
ReNew Power posts $12m net loss in Q2 FY23
Its portfolio reached 13.4GW as of 30 September.
ReNew unit, Egypt gov’t to develop green hydrogen plant
The plant will be located in the Suez Canal Economic Zone
ReNew Power aims to reach net zero by 2040
It avoided over 11 million tonnes of carbon emissions in the past year.
Amazon to develop 420MW solar projects in India
These involve three projects in Rajasthan.
ReNew Power records US$1m loss in Q123
This is down from a net profit of US$5m in the same quarter in 2022.
ReNew Power secures $1b loan for hybrid battery-enabled project
This is the largest ECB project loan in India’s renewable sector.
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Commentary
South Korea needs to accelerate renewable energy adoption to fuel Artificial Intelligence and semiconductor sectors