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 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.
ReNew Power, HSBC India provide solar power to 75 schools
The partnership also includes pioneering a climate education.
ReNew refinances dollar-denominated bonds
It issued $525m bonds in 2019 that will mature in 2024.
New programme trains 1,000 women in India in solar tech
It was launched by ReNew Power, UNEP, and SEWA.
ReNew Power’s net loss reaches $213m in FY22
This included the $174m charges related to the Nasdaq Stock Market listing.
ReNew Power increases RE portfolio by 700MW
This brings the company’s total portfolio to 12.8GW.
ReNew Power appoint new CFO
The company also hired a new general counsel and a chief growth officer.
ReNew Power’s portfolio grows 20% in Q1 2022
The company now has around 12GW in its portfolio.
ReNew Power, Mitsui partner to develop India's first round-the-clock project
The RTC project consists of three wind farms, one solar and battery storage farm.
Commentary
A 1970s Oil Crisis replayed in modern days
Gwadar coal power plant: One step forward, two steps back
Ramping up clean energy will help Bangladesh reduce its reliance on imported fossil fuels