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Renew Power

India added world’s second largest PV capacity in first half of 2018

The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.

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Greenko to buy Orange Renewable for $1 billion

Greenko, backed by Singapore’s GIC and the Abu Dhabi Investment Authority, is set to buy the solar and wind portfolio of Orange Renewable. The move will constitute Greenko’s largest acquisition and will add 1 GW to its operational capacity to raise the company’s portfolio to 4.2 GW, just shy of the capacity held by ReNew Power Ventures, the country’s largest renewable energy company.

Mercom Capital: $3.2 billion total corporate funding for solar raised in Q1

Information published by industry analysts Mercom Capital Group shows that a total of $3.2 billion was raised from 60 deals in the first quarter of 2016. This represents a major increase from the previous quarter, when $1.6 billion was raised in 45 deals.

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India: ReNew Power switches on 143 MW solar farm in Telangana

The Indian independent power producer has commissioned the largest solar PV project in the Indian state of Telangana, where it is looking to grow its solar portfolio to 510 MW over the next few months.

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Japanese venture snaps up 10% of ReNew Power for $200 million

Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.

India’s ReNew Power secures $390 million in multilateral financing

The independent power producer will use the long-term debt financing to build 398MW of solar capacity in the Indian states of Telangana and Jharkhand, as well as 311 MW of wind farms.

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