Round the Clock Lovin'

ReNew ties-up US$ 1-billion ECB consortium loan for largest single-project funding in Indian RE sector

Retrieved on: 
Wednesday, August 17, 2022

As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.

Key Points: 
  • As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.
  • The interest rate, after hedging, is expected to be lower than the Company's current average cost of debt on its balance sheet.
  • This ECB loan follows ReNew's refinancing last month of its dollar-denominated bonds with domestic borrowings, becoming the first Indian renewable company to do so.
  • ReNew Power is one of the largest renewable energy Independent Power Producers in India and globally.

ReNew ties-up US$ 1-billion ECB consortium loan for largest single-project funding in Indian RE sector

Retrieved on: 
Wednesday, August 17, 2022

As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.

Key Points: 
  • As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.
  • The interest rate, after hedging, is expected to be lower than the Company's current average cost of debt on its balance sheet.
  • This ECB loan follows ReNew's refinancing last month of its dollar-denominated bonds with domestic borrowings, becoming the first Indian renewable company to do so.
  • ReNew Power is one of the largest renewable energy Independent Power Producers in India and globally.

ReNew reiterates weather-adjusted FY'22 guidance, outlines significant value accretive growth at Capital Markets Day

Retrieved on: 
Tuesday, October 12, 2021

Going forward, ReNew expects to have significant opportunities for value accretive growth in the Indian renewable energy market with the bid market representing about 300 GW, corporate PPAs representing 25 GW, and acquisition opportunities representing around 30-50 GW.

Key Points: 
  • Going forward, ReNew expects to have significant opportunities for value accretive growth in the Indian renewable energy market with the bid market representing about 300 GW, corporate PPAs representing 25 GW, and acquisition opportunities representing around 30-50 GW.
  • ReNew Capital Markets Day can be viewed through a webcast by registering on this Link .
  • About ReNew Power (or "ReNew"): ReNew is one of the largest renewable energy Independent Power Producers (IPPs) in India and globally.
  • ReNew develops, builds, owns, and operates utility-scale wind and solar energy projects, hydro projects and distributed solar energy projects.

ReNew Power Signs India's First Round-The-Clock Renewable Energy PPA

Retrieved on: 
Friday, August 6, 2021

GURGAON, India, Aug. 6, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced that it has signed a Power Purchase Agreement (PPA) for Round-The-Clock (RTC) electricity supply, the first-of-its-kind in India.

Key Points: 
  • GURGAON, India, Aug. 6, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced that it has signed a Power Purchase Agreement (PPA) for Round-The-Clock (RTC) electricity supply, the first-of-its-kind in India.
  • Speaking about the execution of PPA, Mr Sumant Sinha, Founder, Chairman and CEO of ReNew Power, said, "With the signing of this PPA, ReNew Power and the Indian renewable energy sector has taken a historic step towards addressing intermittency of renewable power generation.
  • 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.