ReNew Power is preparing to list on Indian exchanges while withdrawing its Nasdaq listing, according to sources. The company has appointed JM Financial as its domestic adviser and Goldman Sachs, along with other global banks, for the process. The clean energy company, which debuted on Nasdaq in August 2021 through a SPAC merger with Riverside Management Group’s acquisition vehicle, had been valued at $8 billion at the time. It is now working on finalising the…
IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar Aayan Private Limited—was commissioned in March 2024 under SECI Tranche-IX. It operates under a 25-year power purchase agreement (PPA) with…
Nextracker has signed an agreement with ReNew Power Ventures Private Limited to supply solar trackers for a 305 MW solar project in Anantapur, Andhra Pradesh. The project is part of ReNew Power’s larger 2,800 MWp wind-solar hybrid development, which includes 1,800 MWp of solar, 1,000 MW of wind, and a 2,000 MWh Battery Energy Storage System (BESS). The entire project also involves building a 100 km extra high voltage (EHV) transmission line. ReNew Power is…
ReNew Power Ventures Private Limited plans to develop a 2,800 MW wind-solar hybrid power project with a 2,000 MWh Battery Energy Storage System (BESS) in Anantapur, Andhra Pradesh. The foundation stone will be laid on May 16, 2025. The project will be executed in two phases: Phase I will include 587 MW solar, 250.8 MW wind, and a 415 MWh BESS system. Phase II will include 1,213 MW solar, 749.2 MW wind, and a 1,585…
The Central government inaugurated the 975 MW/1,300 MWp Rajasthan Grid-Connected Solar PV Power Project (Tranche IV) in Jaisalmer, Rajasthan, on April 17, 2025. The project has been developed by ReNew and is spread across multiple villages in Pokran and Bhaniyana tehsils. The project was awarded under SECI’s Tranche IV auction held in March 2021. ReNew Power won 600 MW capacity, while ACME Solar Holdings Limited secured 375 MW. Both bids were at a tariff of…
ACME Solar Holdings Private Limited and ReNew Solar Power Private Limited, a wholly-owned subsidiary of ReNew Power Ventures Private Limited, have received Letters of Award (LoAs) for setting up a total of 550 MW Inter-State Transmission System (ISTS)-connected solar power projects with energy storage systems (ESS) under Tranche-XVIII of Solar Energy Corporation of India (SECI). ReNew Solar Power received an LoA for 250 MW at a tariff of Rs 3.04 per kWh, while ACME Solar…
INOX Air Products (INOXAP) has commenced the supply of electronic and speciality gases to ReNew’s first solar photovoltaic (PV) cell manufacturing facility in Dholera, Gujarat. Under a long-term agreement, INOXAP provides critical gases such as nitrous oxide, ammonia, and silane through a logistics system comprising ISO containers and tube trailers owned by INOXAP. The partnership includes a comprehensive gas management solution to ensure reliable distribution and onsite handling, adhering to strict quality and safety standards. …