IndiGrid signs agreement to acquire 300 MW (AC) solar assets from ReNew
IndiGrid has executed the share purchase agreement to acquire ReNew Solar Urja Pvt Ltd from ReNew Solar Power, which operates a 300 MW (AC) solar project in Rajasthan. The acquisition is to be done a total enterprise value of INR 1,650 crore ($199 million) including net working capital and cash.
NTPC wraps up 1.5 GW solar tender with $0.031/kWh tariff
Solarpack (Anboto Solar), Apraava Energy, Avaada and ReNew have emerged winners in NTPC’s 1.5 GW solar PV auction.
SECI wraps up 1 GW solar tender with $0.030/kWh tariff
Avaada, ReNew, Sprng Energy, and Solarcraft (Blupine) have emerged winners in Solar Energy Corp. of India’s 1 GW solar PV auction.
ReNew signs MoU with Asian Development Bank for $5.3 billion
ReNew has signed a memorandum of understanding with the Asian Development Bank for the financing of renewable energy, manufacturing, carbon offset, and green hydrogen projects between 2023 and 2028.
ReNew commissions its first interstate transmission project
The project will help in the evacuation of 1.5 GW of renewable energy from the Koppal area of Karnataka.
SJVN wraps up 1.5 GW renewables, storage tender with $0.053/kWh tariff
Seven developers secured a cumulative 1.184 GW in SJVN auction for the supply of 1.5 GW of firm and dispatchable power. The winning developers will build renewable power projects supplemented with energy storage system to ensure the power supply.
Airtouch Solar India wins REI 2023 award for product innovation
Airtouch Solar manufactures and sells its autonomous, water-free PV panel cleaning products and services in Israel and India. The company has won significant orders for its recently launched Airtouch AT 4.0 solution with leading Indian developers including Adani Green Energy and ReNew.
ReNew reports profit in Q1 FY 2024
The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.
Airtouch Solar signs $8.5 million cleaning robot contract with ReNew
Airtouch Solar will supply and install its dry-cleaning robots for PV panels in ReNew projects. It will also provide operation and maintenance support for 25 years.
ReNew, Gentari collaborate for 5 GW renewables capacity in India
ReNew and Gentari will form a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage.
