The project was awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL). With this addition of 100 MW, the total installed capacity of TPREL will be 2,797 MW with 1,865 MW of solar and 932 MW of wind. It has 1,234 MW of renewable projects under implementation.
TPREL commissions 100 MW solar project - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Tata Power s subsidiary, Tata Power Renewable Energy Ltd (TPREL), had last year initiated talks to raise $500-$750 million for its renewable energy platform.
tata group: Tatas call off renewable power deal with Petronas indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
India: PTT Group and ReNew Power deal said to be called off
Founded in 2011 by Sumant Sinha, ReNew Power has now over 1,000 MW of operational capacity from its own wind and solar projects. Photo: Pradeep Gaur/Mint
March 2, 2021
The proposed deal for Thailand’s energy major PTT Group buying a stake in ReNew Power Ventures Pvt. Ltd has been called off, said two people aware of the development.
This comes against the backdrop of ReNew Power announcing a merger with Nasdaq-listed special purpose acquisition company (SPAC) RMG Acquisition Corp. II on Wednesday at an enterprise value of about $8 billion. SPACs are publicly-traded shell companies with no commercial operations, which help unlisted companies go public through mergers, skipping the time-consuming conventional IPO route.