by Amruth Sundarkumar | Aug 18, 2022 | Corporates, India
India’s ReNew Power has got a $1bn consortium loan from 12 global lenders led by Netherland’s Rabobank. The loan is India’s largest external commercial borrowing (ECB) for a single project in the renewable sector and will be used for its hybrid Round-the-Clock (RTC)...
by Amruth Sundarkumar | Aug 17, 2022 | Corporates, India
ReNew Power signed a memorandum of understanding (MoU) with The Sovereign Fund of Egypt (TSFE), the General Authority for Suez Canal Economic Zone (SCZONE), and Egyptian Electricity Transmission Company (EETC) for $8bn to produce green fuels in the Sokhna Industrial...
by Amruth Sundarkumar | Jul 13, 2022 | Corporates, India
India-based ReNew Power refinanced its $525mn 6.67% 2024 notes with an Indian rupee debt issuance. With the refinancing in place, ReNew Power said that it achieved a net cost-savings of 200bp and the debt maturity being extended to 2027 with the local bond...
by Amruth Sundarkumar | Jun 16, 2022 | Corporates, India
Indian renewable energy company ReNew Power reported a narrowing of losses by 9.8% YoY to INR 3.4bn ($45mn) during the quarter ended March 2022. Total income for the quarter stood at INR 16.6bn ($232mn), up 31% YoY. Adjusted EBITDA was at INR 12.8bn ($169mn), rising...
by bondevalue | Feb 25, 2021 | India
India’s ReNew Power, one of the largest renewable energy groups in the nation plans to list publicly on Nasdaq through an $8bn deal with Special Purpose Acquisition Company (SPAC) RMG Acquisition Corporation II, led by ex-Carlyle exec Robert Mancini. ReNew Power has...
