Renewable energy in India

IndianOil, L&T and ReNew to form JV for development of Green Hydrogen Business

Retrieved on: 
Monday, April 4, 2022
Indian Oil Corporation, Joint venture, ReNew Power, NASDAQ, Ministry of Power (India), Sale, Wind, Inter State Bus Terminals, Energy, Energy policy of India, Larsen & Toubro, Steel, CEO, Carbon, IOC, Electricity, Industry, Goal, EPC, Renewable energy in India, Ministry, Solid oxide electrolyzer cell, Rabigh 2 IPP, Partnership, Renewable energy, Coal, Hydrogen, JVS, Electrolysis, ReNew

Additionally, IndianOil and L&T have signed a binding term sheet to form a JV with equity participation to manufacture and sell Electrolyzers used in the production of Green Hydrogen.

Key Points: 
  • Additionally, IndianOil and L&T have signed a binding term sheet to form a JV with equity participation to manufacture and sell Electrolyzers used in the production of Green Hydrogen.
  • The IndianOil-L&T-ReNew JV will focus on developing Green Hydrogen projects in a time-bound manner to supply Green Hydrogen at an industrial scale.
  • Addressing another gap in the Green Hydrogen manufacturing chain, IndianOil-L&T JV will focus on production and sale of Electrolyzer."
  • IndianOil is forging this alliance to realise India's green hydrogen aspirations, which is in sync with the Hon'ble Prime Minister's vision of making India a Green Hydrogen generation and export hub.

ReNew Power Announces Two Acquisitions Totaling 359 MWs of Renewable Energy Assets

Retrieved on: 
Wednesday, August 11, 2021
Solar Energy (journal), ReNew Power, CEO, Peak power, Calendar, Company, JERA, PLF, PPA, GWS, Maintenance, Wind, INR, Renewable energy in India, Sale, Berkshire Wind Power Project, Special-purpose acquisition company, Engineering, Compliance, US, RTC, SPAC, GEF, IPP, Investment, Leadership, CPP Investment Board, Acquisition, NASDAQ, HPO, Abu Dhabi Investment Authority, Goldman Sachs, EBITDA, Renewable energy

ReNew has been a leader in providing firm renewable energy solutions that address the intermittency of standard solar and wind projects.

Key Points: 
  • ReNew has been a leader in providing firm renewable energy solutions that address the intermittency of standard solar and wind projects.
  • ReNew won two such projects last year including a Peak Power (PP) Project as well as a Round-The-Clock (RTC) Power Project for which ReNew signed a Power Purchase Agreement (PPA) last week.
  • ReNew is India's leading renewable energy Independent Power Producer (IPP) by capacity and is the 10th largest global renewable IPP by operational capacity.
  • ReNew develops, builds, owns and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects.

ReNew Power, India's Leading Renewable Energy Company, wins 200 MWs in MSEDCL Solar Auction

Retrieved on: 
Tuesday, July 20, 2021
Energy, ReNew Power, Independent Power Producer, States and union territories of India, Maharashtra State Electricity Distribution Company Limited, Solar power, Solar power in India, Renewable energy in India

GURGAON, July 20, 2021 /PRNewswire/ -- ReNew Power ("ReNew", or "the Company"), India's leading renewable energy company, announced that it has won a 200 megawatt (MW/ac) Interstate Transmission System (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) which has a credit rating of "A" by ICRA (a Moody's company).

Key Points: 
  • GURGAON, July 20, 2021 /PRNewswire/ -- ReNew Power ("ReNew", or "the Company"), India's leading renewable energy company, announced that it has won a 200 megawatt (MW/ac) Interstate Transmission System (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) which has a credit rating of "A" by ICRA (a Moody's company).
  • ReNew Power expects to sign a 25-Year Power Purchase Agreement with the utility by the third fiscal quarter of 2022 to supply clean energy to Maharashtra at a tariff of Rs 2.43/ kWh (~US$0.033).
  • About ReNew Power: ReNew is India's leading renewable energy independent power producer (IPP) by capacity and is the 10th largest global renewable IPP by operational capacity.
  • ReNew develops, builds, owns and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects.

ReNew Power Announces New Affiliate Relationship with the Precourt Energy Institute's 'StorageX Initiative' for New Energy Storage System Technology Development

Retrieved on: 
Tuesday, June 8, 2021
Articles, Energy, ReNew Power, Independent Power Producer, Renewable energy, Renewable energy in India, Etrion

Reliable renewable power generation in India is critical to meeting the government's goal of putting 450 gigawatts of renewable power online by 2030.

Key Points: 
  • Reliable renewable power generation in India is critical to meeting the government's goal of putting 450 gigawatts of renewable power online by 2030.
  • Recognizing this increasing importance, in January 2020, ReNew bid on and won India's first auction for renewable power generation combined with energy storage for guaranteed peak power supply capability.
  • ReNew Power Private Limited is India's leading renewable energy independent power producer (IPP) by capacity and is the 13th largest global renewable IPP by operational capacity.
  • ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects.

Tri Global Energy Announces Sale of 580 MW of Indiana Wind and Solar Projects to Leeward Renewable Energy

Retrieved on: 
Monday, April 26, 2021
Articles, Energy, Energy policy, Bright green environmentalism, Low-carbon economy, Renewable energy, Renewable energy technology, Technological change, Renewable energy commercialization, Renewable energy in India

b'DALLAS, April 26, 2021 /PRNewswire/ --Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, has entered into an agreement to sell two renewable energy projects the 180 megawatt (MW) Hoosier Line Wind project and the 400 MW Honey Creek Solar project to Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of approximately 2,000 MW of generating capacity.\nThe wind and solar power projects, located in White County in northwestern Indiana and targeted to be operational as early as 2023, represent the first deal between the two Dallas-based companies and the first renewable project sales for Tri Global Energy (TGE) in Indiana.

Key Points: 
  • b'DALLAS, April 26, 2021 /PRNewswire/ --Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, has entered into an agreement to sell two renewable energy projects the 180 megawatt (MW) Hoosier Line Wind project and the 400 MW Honey Creek Solar project to Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of approximately 2,000 MW of generating capacity.\nThe wind and solar power projects, located in White County in northwestern Indiana and targeted to be operational as early as 2023, represent the first deal between the two Dallas-based companies and the first renewable project sales for Tri Global Energy (TGE) in Indiana.
  • The company will continue as a co-development partner under the sale arrangement with Leeward Renewable Energy.\n"We are pleased to reach agreement with Tri Global Energy to acquire these well-planned development assets, and to partner with Tri Global on their continued development," said Jason Allen, CEO of Leeward Renewable Energy.
  • Tri Global Energy\'s mission is to improve communities through local economic development generated by originating and commercializing renewable energy and storage projects.
  • The company currently develops and owns utility-scale wind, solar and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia.

ReNew Power successfully prices $585 Million of U.S. Dollar-Denominated "Green Bonds"

Retrieved on: 
Monday, April 5, 2021
Energy, Articles, Renewable energy, ReNew Power, Independent Power Producer, Renewable energy in India, Renewable energy in South Africa

In-principle approval has been obtained for the listing and trading of the bonds on the India International Exchange (IFSC) Limited (the "India INX").

Key Points: 
  • In-principle approval has been obtained for the listing and trading of the bonds on the India International Exchange (IFSC) Limited (the "India INX").
  • ReNew Power Private Limited is India's leading renewable energy independent power producer ("IPP") by capacity and is the 13th largest global renewable IPP by operational capacity.
  • ReNew Power develops, builds, owns and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects.
  • As of December 31, 2020, ReNew Power had a total capacity of close to 10 GW of wind and solar energy projects across India, including commissioned and committed projects.

ReNew Power, India's Leading Renewable Energy Company, Announces Commissioning of 300 MW Wind Farm

Retrieved on: 
Thursday, March 25, 2021
Articles, Energy, ReNew Power, Renewable energy, Independent Power Producer, Renewable energy in South Africa, Renewable energy in India

GURGAON, India, March 25, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced that it has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat.

Key Points: 
  • GURGAON, India, March 25, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced that it has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat.
  • With this commissioning, ReNew Power will continue to be a leader in the renewable energy sector in the state of Gujarat, with commissioned wind generation capacity of 950 MW.
  • ReNew Power Private Limited is India's leading renewable energy independent power producer (IPP) by capacity and is the 13th largest global renewable IPP by operational capacity.
  • ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects.

GREENBACKER CAPITAL ANNOUNCES INVESTMENT IN CLEAR ENERGY HYDRO, OWNER-OPERATOR OF HYDROELECTRIC GENERATING FACILITIES ACROSS THE STATE OF NEW YORK

Retrieved on: 
Tuesday, January 19, 2021
Articles, Energy, Distributed generation, Hydroelectricity, Small hydro, Renewable energy, Renewable energy in India, Pumped-storage hydroelectricity

We look forward to working with the Clear Energy Hydro team towards our mutual success.

Key Points: 
  • We look forward to working with the Clear Energy Hydro team towards our mutual success.
  • Hydroelectric power generates about 80 GW of electricity across the country, or about 7% of total U.S. generating capacity.
  • Ownership of small hydro facilities defined as facilities with less than 10 MW in generating capacity is highly fragmented.
  • Greenbacker Capital Management LLC is an SEC-registered investment adviser that provides advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries.

India Small Hydro Turbine Market Potential | 2018-2025 Analysis - Nearly 16 GW of 20 GW Potential Yet to be Tapped - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 23, 2019
Alternative energy, Energy, Energy, Hydroelectricity in India, Renewable energy, Distributed generation, Hydroelectricity, Small hydro, Hydroelectric power in Himachal Pradesh, Ministry of New and Renewable Energy, Articles, Solar power in India, Renewable energy in India

The "Small Hydro Turbine Market Potential in India 2018-2025: Nearly 16 GW of 20 GW Potential Yet to be Tapped" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Small Hydro Turbine Market Potential in India 2018-2025: Nearly 16 GW of 20 GW Potential Yet to be Tapped" report has been added to ResearchAndMarkets.com's offering.
  • The total hydroelectric power potential in India is estimated at about 150,000 MW, equivalent to 84,000 MW at 60 percent load factor.
  • Out of this potential, about 50 percent lies in Himachal Pradesh, Uttarakhand, Jammu & Kashmir and Arunachal Pradesh.
  • There are about 28 Equipment Manufacturers of Small Hydro Power Turbine who fabricate almost the entire range and type of SHP equipment listed in MNRE.