ReNew Power


ReNew Power Limited is an Indian renewable energy company headquartered in Gurgaon, Haryana, India. It is an independent power producer with an installed capacity of more than 5600 MW across the states of Rajasthan, Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana, Maharashtra and Gujarat, ReNew Power commissioned its first wind farm project in Mahidad - Rajkot district in Gujarat in 2012. Narendra Modi, the Prime Minister of India, inaugurated the 25.2 MW wind farm at Jasdan.
Gamesa Wind Turbines Ltd. successfully competed for a contract from ReNew to supply wind turbines for different projects worth 75 MW, in the state of Maharashtra in 2012. ReNew Power also awarded a 100 MW project worth Rs.750 crore to Suzlon Energy in June 2014 and won a 57.5 MWp ground mounted grid connected Solar PV project in Madhya Pradesh in 2014. With an active foray into solar and solar rooftop, it has recently commissioned a 300 kWp roof top grid connected Solar PV project in the National Capital Territory of Delhi in 2014.
In September 2015, ReNew launched the first ever infrastructure bond issuance credit enhanced by IIFCL. The issuance of Bonds is to the extent of Rs.451 crore by ReNew Wind Energy Ltd., a subsidiary of ReNew Power Ventures Pvt. Ltd., for replacement of the existing debt of the infrastructure project company. ReNew Power commissioned first hybrid towers in India at Bhesada, Rajasthan. These towers are the tallest wind turbines in India and this is the first time that hybrid towers are installed on shore anywhere in the world.
ReNew Power has a pipeline of close to 1400 MW solar and wind projects. ReNew Power aims to take its project portfolio to more than 2000 MW by 2017 end.

History

established ReNew power in 2011 and it received equity infusion from Goldman Sachs in September month of same year. The company commissioned its first project at Jasdan in Gujarat on May 6, 2012 and grew since then. In 2016, ReNew became the first renewable energy IPP to raise rupee denominated masala bonds and the very same year achieved 1GW capacity, becoming the first company in India to achieve it.
In 2016, ReNew power launched IIT centre of excellence to collaborate with the institution in research and technology development.
In 2017 JERA came on board as an equity holder and in the same year ReNew doubled its capacity again for the third year on the trot. In 2018, ReNew power concluded acquisition of Ostro energy and also saw Canadian pension fund CPPIB join the board as an equity investor. Besides this the company also signed MoUs with the states of Andhra Pradesh and Maharashtra for investments in renewable energy sector.
In 2019 ReNew power became the first company in India to partner with Korean major GSE&C in renewable energy sector when both companies decided to jointly develop the SECI-4 project won by ReNew Power in Rajasthan.. ReNew has concluded a fund raising of US$ 450 million through Dollar bonds recently. The proceeds of this fund will be utilized by the company to retire some of its existing debt. In July 2020, ReNew Power announced that it will start manufacturing solar cells and modules in India for a 2 GW capacity.

Project locations

ReNew Power has a portfolio of more than 5600 megawatts located in .
Wind portfolios are as per below:
StateInstalled Capacity
Gujarat605 MW
Karnataka651.8 MW
Maharashtra390 MW
Rajasthan357 MW
Madhya Pradesh477 MW
Andhra Pradesh717 MW
Telangana60 MW

Solar portfolios:
StateInstalled Capacity
Gujarat40 MW
Karnataka640 MW
Rajasthan140 MW
Tamil Nadu100 MW
MP101.2 MW
AP67.8 MW
Telangana588.8 MW

Awards