ReNew signs 437.6 MW green attribute contract with Microsoft
This contract is expected to generate over one million units of green electricity attributes annually, contributing to Microsoft’s ambition to be carbon-negative by 2030.
ReNew switches on 400 MW solar project in Rajasthan
ReNew has inaugurated a 400 MW solar project in Rajasthan. The project is part of a 600 MW power purchase agreement with Solar Energy Corp. of India (SECI) for 25 years.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
ReNew secures $1 billion from European bank Societe Generale
Societe Generale will provide up to $1 billion of debt finance and advisory solutions, over the next three years, to support the development of ReNew’s energy transition projects.
ReNew secures PPAs for 2.2 GW of renewables
ReNew has secured power purchase agreements for 1,500 MW of solar and 688 MW of wind power projects. It has also received Letter of Awards for an additional 5.8 GW of renewable energy capacity.
Grew Energy secures 200 MW in SECI’s 400 MW solar PV module auction
Grew is amongst three MNRE approved manufacturers to win the mandate to manufacture, test, package, forward, supply and transport solar PV modules.
ReNew, Japan’s JERA partner for green ammonia project in India
The green ammonia project to be developed in Paradip, Odisha, will have a green ammonia production capacity of around 100,000 tons per year by 2030. JERA will be the offtaker for the project.
ReNew crosses 10 GW of gross renewable energy assets
ReNew surpassed a cumulative installed renewables capacity of 10 GW as on March 31, 2024. Out of this, the company added 1.94 GW of RE assets (1,174 MW of solar and 768 MW of wind energy) in FY 2023-24.
India expected to install more than 20 GW of solar this year: JMK Research
India’s annual solar installations in 2024 will surpass 20 GW, with 15.9 GW of capacity likely to be added in the utility-scale segment and 4.2 GW on rooftops, says a new report by JMK Research.
