Page 3 - Renew Power

ReNew Power signs pact with RackBank for renewable energy for data centre

ReNew Power said it has signed a memorandum of understanding with RackBank Datacenters Ltd to power the country's first hyper-scale data centre with 100 per cent renewable energy.

ReNew Power to bet on Solar PLI scheme, plans manufacturing foray

Firm is among top-5 renewable energy players in India with a solar and wind power portfolio of 9.8 Gw of commissioned and under construction capacity

Capex pace, receivables to drive ratings of Indian renewable holdcos: Fitch

Capex intensity and the pace of receivables collection from distribution companies will dictate ratings trajectory for Greenko Energy Holdings and ReNew Power, Fitch Ratings has said in a new report

ReNew Power merger with blank-check company RMG II gets CCI nod

The proposed merger of ReNew Power with blank-check company RMG Acquisition Corporation II (RMG II) has received clearance from the Competition Commission.

ReNew Power's subsidiaries list $585 million FCBs on India INX

The 7.25 bonds have been assigned ratings of BB- (Positive Outlook) by Fitch and Ba3 by Moody's investor services and are priced competitively at 4.5%

Carbon emissions: ReNew Power set to become a Net Zero company by 2050

The company said this aligns with the 'Race To Zero' campaign, a global alliance committed to achieving net zero carbon emissions

ReNew Power lines up $9 billion over 4 years in India's green push

The company plans to triple capacity to 18.5 Gw by 2025

Moody's assigns Ba3 to Renew Power's new RG5 senior secured notes

Moody's Investors Service has assigned Ba3 rating to the proposed 7.25-year USD senior secured notes of up to 620 million dollars to be issued by a newly-formed restricted group of ReNew Power Pvt Ltd

ReNew Power plans to raise $575 million in green bonds this year

Such fundraising by Indian companies has hit close to $5 billion in 2021 so far

ReNew commissions 300-Mw wind power project in Kutch district of Gujarat

ReNew's total wind energy capacity in Gujarat increased to 950 Mw

Indian renewable firms underperformed but credit quality intact: Moody's

Moody's said India's renewable energy sector grew by 20% in the last five years

ReNew Power to provide free Covid-19 vaccination to employees, families

Clean energy firm ReNew Power has decided to provide Covid-19 vaccination free of cost to its 1,500 employees as well as their families

SPACs look to India for next wave of acquisition targets, says Nomura

Nomura also expects more initial public offerings in India this year, with sentiment buoyed by the post-debut performance of recently listed companies

Betting on green

There has been a recent spurt of investor interest in India's renewables space, with the outlook for the sector, as well as for electricity demand growth, remaining strong

ReNew Power pins hopes on Nasdaq listing for funding need till FY25

In an investor call by ReNew and RMG, the firm said it expects revenues to grow 30 per cent until 2025

Goldman-backed ReNew Power to list on NASDAQ at $8 billion valuation

To partner with RMG Acquisition Corporation for private investment in public equity

Goldman Sachs-backed ReNew Power to go public in US via $8-bn SPAC deal

The deal will be financed with cash proceeds of $1.2 bn, including $855 mn in investments from serial blank-check dealmaker Chamath Palihapitiya

ReNew Power prices its green bonds at 4 per cent, say sources

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power

ReNew Power to raise $460 mn in green bonds to finance domestic debt

ReNew Power this way gets shielded from exchange rate volatility, while the FPI hedges its exposure

ReNew Power's $325 mn offshore bond issuance oversubscribed six times

Company executives said this was also the cheapest bond offering by a renewable firm. The bonds were initially priced at 5.875%. When the rate was reduced to 5.375%, investors continued to book