ReNew

The amount repaid included the most recent amortization of $180 million this month.

Eleven companies have emerged winners in the second round of production-linked incentive scheme for high-efficiency solar modules. Out of these, Indosol, Reliance, and First Solar have won incentives for fully integrated manufacturing capacities. 

Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.

Israel-based Airtouch Solar has signed a $3 million deal with Indian developer ReNew for the supply and maintenance of PV panel cleaning robots.

ReNew Power, a Nasdaq-listed Indian developer, has secured $1 billion in external commercial borrowings for a 1.3 GW wind-solar energy project, backed by up to 100 MWh of battery storage. The project is co-owned by Japanese investor Mitsui and will supply round-the-clock power under a 25-year power purchase agreement.  

Maharashtra (473 MW), Tamil Nadu (312 MW), Karnataka (272 MW), Rajasthan (270 MW) and Uttar Pradesh (223 MW) are the top five states accounting for 54% of the total market—according to Bridge To India’s latest India Solar Rooftop Map report

Solar Energy Corporation of India has revealed the winners of the Bhadla solar park 500MW Phase-III, and 250 MW Phase-IV solar projects. Azure Power, Hero, and SBE Four came up as the big winners.

ReNew Power Ventures, which is backed by Goldman Sachs, is exploring an opportunity to acquire the solar assets of Waaree Energies ahead of a planned IPO, reports Mint.