On 14 Feb, 2017, ReNew announced an equity fund raise of $200 million for a 10 percent stake in the company through the subscription of newly issued shared by JERA co., (“JERA), a leading Japenese Power company with a global presence.
EVENTS
ReNew Power forms a partnership with IIT Delhi to set up the Sumant Sinha ReNew Centre of Excellence for Energy and Environment. The Memorandum of Understanding (MoU) exchange between Sumant Sinha, Chairman & CEO, ReNew Power and Dr. Bodh Raj Mehta, Director, IIT Delhi in the presence of Honourable President of India, Shri Pranab Mukherjee on November 16, 2016.
Global Compact Network India (GCNI) and Habitat For Humanity India (HFHI), jointly organising “Multi Stakeholder Consultation on Housing and Sanitation within Sustainable Development Goals (SDGs) Framework” on the World Habitat Day in October 2016.
ReNew Power’s Director Ms. Vaishali N Sinha sharing her views on “How Energy Can Spark Global Prosperity” at the Clinton Global Initiative (CGI) Annual Meeting 2016.
Ms. Vaishali Nigam Sinha expressing her views on CSR in Indian context at the CII event. The Session focussed on Industry’s perception of CSR and if it is seen as a ‘cost centre’ or an investment? How responsible business can ultimately lead to building goodwill and brand value and how innovation can play a role in transforming and changing the face of CSR.
Mr Sumant Sinha attending the “Roundtable on International Solar Alliance: The Trillion Dollar Opportunity”, April 22, 2016 at New York.
The ICC 4th Green Energy Summit focussed on the role of renewables for a sustainable future and how it is the game changer in the power industry.
The FT Growth Markets Summit had several top investors, business leaders, economists,advisors and policy-makers to discuss in detail the new forces determining global expansion,the regions, countries and sectors most likely to flourish in the medium to long term, and the most effective strategies for creating value and sustaining growth.
The Powering Telangana conference brought together renewable energy industry experts to discuss the future of renewables in the state of Telangana. The objective of the event was to attract investments for the development of the renewable power sector within the state.
ReNew Power Ventures Pvt. Ltd. announced that it has raised new equity funding of $265 million from new and existing investors. The lead investor in this round was a subsidiary of the Abu Dhabi Investment Authority (ADIA), with a commitment of $200 million for a significant minority stake in ReNew Power.
The first Renewable Energy Global Investors Meet (RE-Invest), was held in February 2015 where as many as 293 companies committed to generate 266 GW of renewable energy in the next five years under the government’s mbitious RE-Invest programme unveiled by Prime Minister Narendra Modi.
Indian Wind Energy Alliance (IWEA), was launched in New Delhi on December 3rd by Mr. Piyush Goyal, Hon’ble minister for Power, Coal and New & Renewable Energy. The primary objective of the alliance is to promote and
protect the interest of the Indian wind energy industry including wind energy producers, investors, manufacturers, component makers and other stakeholders.
The U.S.-India Energy Dialogue was held in New Delhi on March 5-11. Then Planning Commission Deputy Chairman Montek Singh Ahluwalia hosted the government-to-government portion of the Dialogue meeting on March 11 with United States Department of Energy Secretary Dr. Ernest Moniz.
ReNew Power’s first wind project was inaugurated by then Hon’ble Chief Minister of Gujarat, Mr. Narendra Modi.