• ReNew Aug 27, 2021 10:37 AM IST

    ReNew Power’sNasdaq listing makes a case for SPACsin India

    The conditions are right for start-ups looking to list abroad through the SPAC route but the government is dragging its feet on the issue

  • ReNew Aug 25, 2021 09:40 AM IST

    ReNew Power lists on Nasdaq via SPAC

    ReNew Power Private Ltd achieved a market capitalisation of nearly $4.5 billion (about Rs 33,500 crore), the biggest listing for an Indian entity through SPAC route

  • Shareholders Aug 17, 2021 06:57 PM IST

    Shareholders approve $8 billion ReNew Power SPAC deal; Nasdaq trading may begin on August 24

    This is a landmark transaction as it represents the biggest overseas listing of an Indian company via the SPAC (special purposed acquisition company) route, which has been a smash hit on Wall Street over a major part of the last 18 months. The proceeds would be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt.

  • L&T Aug 11, 2021 03:08 PM IST

    L&T divests 100% stake in hydro project to Renew Power for Rs 985 crore

    Renew Power Services is a wholly-owned subsidiary of Renew Power Pvt Ltd. This is in line with the declared L&T focus of divesting non-core assets and improving shareholder value, L&T said in a statement.

  • Ahead Aug 11, 2021 12:13 PM IST

    Ahead of SPAC vote, ReNew Power acquires 359 MWs of clean energy assets for $384 million

    On August 6, Moneycontrol had reported that the US Securities Exchange Commission or SEC (the equivalent of India’s market regulator SEBI) had given the crucial regulatory nod to the mega $8 billion SPAC transaction between ReNew Power and RMG Acquisition Corporation II. The shareholder vote is pending for the deal post which the combined firm will start trading on the Nasdaq.

  • US Aug 06, 2021 05:23 PM IST

    US SEC gives nod to mega $8 billion ReNew Power SPAC deal; firm’s shares may soon begin trading on Nasdaq

    The transaction would further strenghten ReNew’s position in solar and wind energy generation for the Indian market, by funding medium-term growth opportunities. The proceeds would be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt.

  • Race Jul 05, 2021 04:49 PM IST

    Race for Mytrah’s renewable energy assets: Adani Group, ReNew Power, KKR, CPPIB, Ayana among early suitors

    Mytrah Energy’s assets are spread across 17 wind farms and 21 ground monitored solar farms in 9 states. According to its website, the firm has the largest wind data bank in India, being the only independent power producer having a pan India presence of over 240 wind masts

  • Adani-SB May 19, 2021 11:28 AM IST

    Adani-SB Energy deal | M&A trend in solar sector will only intensify

    Smaller companies are finding it difficult to meet project commitments as suppliers back out and customers don’t sign power purchase agreements

  • ReNew Mar 07, 2021 01:20 PM IST

    ReNew Power to provide free COVID-19 vaccination to employees, their families

    Assuming a family of five, back-of-the-envelope calculations indicate that ReNew Power would provide vaccination to around 7,500 people across its 110 locations in India.

  • ReNew Feb 26, 2021 08:35 AM IST

    ReNew Power had a good run in India, but competition is catching up

    The US listing will help ReNew Power tap rising global demand for green energy investments

  • ReNew Feb 24, 2021 07:24 PM IST

    ReNew Power takes SPAC route, first such major deal by an Indian company, to list on Nasdaq

    The $8 billion transaction is the first major overseas listing of an Indian company via the special purposed acquisition company route, which is immensely popular on Wall Street. Famed Sillicon Valley Investor Chamath Palihapitiya, who has led the SPAC wave in the US market, is one of the investors backing the deal.

  • ReNew Aug 25, 2020 04:00 PM IST

    ReNew Power, UNEP ink pact for better clean energy access, higher efficiency

    The partnership will also implement solar off-grid projects, studies, and assessments. Joint efforts will be promoted through annual events to showcase contributions to Indias strategic vision on renewable energy.

  • Thailands Jul 29, 2020 01:22 PM IST

    Thailands PTT in talks with Goldman Sachs for stake in ReNew Power: Report

    Thai state-owned energy giant PTT is willing to invest $500 million in Indias ReNew Power at a valuation of around $2.2 billion.

  • ReNew Jun 03, 2020 02:36 PM IST

    ReNew Power may sell some wind farms to Ayana Renewable for Rs 1,500 crore: Report

    The wind farms will reportedly be sold as a single entity, which is expected to be 100 percent owned by Ayana Renewable

  • Fitch Jan 13, 2020 10:42 AM IST

    Fitch assigns ReNew Powers proposed US dollar senior secured notes BB- rating

    According to Fitch Ratings, BB ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time.

  • ReNew Dec 11, 2019 12:21 PM IST

    ReNew Power partners with GS E&C to execute solar project in Rajasthan

    ReNew Power will hold a 51 percent equity under the partnership, while the balance will be held by GS E&C.

  • Exclusive Nov 14, 2019 09:59 PM IST

    Exclusive | Canadas CPPIB, Brookfield eyeing more than $1 bn investment in ReNew Power

    CPPIB is in talks to buy out the entire stake held by Goldman Sachs, while Brookfield is eyeing the stake held by another existing investor ADIA (Abu Dhabi Investment Authority), a source told Moneycontrol.

  • ReNew Jun 30, 2019 03:50 PM IST

    ReNew Power raises $300 million via rights issue

    Goldman Sachs, Abu Dhabi Investment Authority and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, with each of the shareholders infusing $100 million.

  • ReNew Apr 10, 2019 05:03 PM IST

    ReNew Power commissions 300 MW solar plant in Karnataka

    ReNew has a solar portfolio of nearly 3 GW across India, including both commissioned and projects under development.

  • ReNew Mar 07, 2019 06:56 PM IST

    ReNew Power raises $375 mn via green bonds

    The five-year non-call two notes were offered at a yield of 6.67 per cent per annum, a company statement said.

  • GE Dec 19, 2018 08:45 PM IST

    GE Renewable Energy wins order to supply wind turbines to ReNew Power

    The wind farm will have a total installed capacity of 300MW, making it the largest full turnkey EPC (engineering, procurement and construction) project by GE Renewable Energy in India, a company statement said.

  • ReNew Apr 02, 2018 03:55 PM IST

    ReNew Power acquires Ostro Energy for Rs 10K cr

    This strategic investment helps the company consolidate its position further in the fast-growing, clean energy sector in India, ReNew Power said in a statement.

  • Budget Feb 02, 2017 11:52 AM IST

    Budget 2017: Heres what industy experts have to say

    Since Government‘s emphasis on defence preparedness has been the Central theme, we would have been happy if some incentives by way of tax exemption or deferment on loan payments would have been announced for domestic industry.

  • ReNew Jan 17, 2017 03:56 PM IST

    ReNew Power secures $390 mn debt funding from ADB

    The proceeds from this ADB investment will be utilized by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh and Telangana.

  • Rewa Jan 17, 2017 11:17 AM IST

    Rewa solar proj: A potential template for other states to follow

    The Rewa tender has many unique features and addresses two of the most critical risks for solar project developers in India – off-take and grid availability. If the tender results are as competitive as expected, it would provide a template for other states for solar power procurement, Vinay Rustagi says.

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