ReNew Q4 profit soars 415% YoY on solar manufacturing boost
ReNew’s net profit for the quarter ended March 31, 2025 surged 415% year-on-year to INR 313.7 crore ($37 million) with external sales of solar modules and cells alone contributing INR 220 crore.
IndiGrid to acquire 300 MW solar asset from ReNew
The solar asset, Renew Solar Aayan Pvt Ltd (RSAPL), has been operational since March 2024 and benefits from a long-term 25-year power purchase agreement (PPA) with Solar Energy Corp of India (SECI) at a fixed tariff of INR 2.37 per kWh.
Nextracker hits 10 GW solar tracker milestone in India
The company expands operations in India with a new office and R&D facility to address rapid solar growth in the market.
ReNew breaks ground on INR 22,000-crore hybrid renewable energy project in Andhra Pradesh
ReNew has started building a hybrid renewable energy project in Andhra Pradesh, which, upon completion, will have an installed capacity of around 2.8 GW (1.8 GWp of solar and 1 GW wind power), supported by a 2 GWh battery energy storage system.
L&T wins IndianOil’s tender for 10ktpa green hydrogen plant at Panipat refinery
Larsen & Toubro has won Indian Oil Corp.’s tender for a green hydrogen production plant with a capacity of 10,000 tonnes per annum at a competitive bid of INR 397/kg.
ReNew secures $100 million from BII to scale solar manufacturing operations
The funding will support the construction of a new state-of-the-art 4 GW TOPCon cell facility in Dholera, Gujarat.
ReNew showcases 16BB bifacial TOPCon module at RenewX 2025
ReNew has showcased its bifacial n-type TOPCon solar modules with peak power output ranging from 570 W to 590 W and power conversion efficiency of 22.07% to 22.84%, respectively.
ReNew inaugurates 1.3 GWp solar project in Rajasthan
The project, spanning about 3,500 acres, uses ReNew solar panels.
Uttar Pradesh concludes 2 GW solar tender with lowest price of INR 2.56/kWh
Uttar Pradesh Power Corp. Ltd (UPPCL) has allocated 2 GW of solar capacity to four bidders at tariffs of INR 2.56-2.57/kWh.
ReNew sells 300 MW solar asset in Rajasthan for $176 million
The 300 MW solar project, located in Jaisalmer, benefits from a 25-year power purchase agreement with Solar Energy Corp. India Ltd at INR 2.55/kWh. It has been operational for three years.
