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February 09, 2016 8:01 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of ReNew Power Ventures Pvt. Ltd.

Company Overview

ReNew Power Ventures Pvt. Ltd., an independent power producer company, generates installed and operational clean energy through wind and solar projects. The company sells its output to state electricity boards and large industrial companies. ReNew Power Ventures Pvt. Ltd. was formerly known as ReNew Wind Power Pvt. Ltd. The company was founded in 2011 and is based in Gurgaon, India.

Tower 4A

6th Floor

DLF Corporate Park

Mehrauli Gurgaon Road

Gurgaon,  122002


Founded in 2011


91 12 4489 6670

Key Executives for ReNew Power Ventures Pvt. Ltd.

Founder, Chairman and Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief of New Businesses and President of Solar
Executive Vice President of Wind
Compensation as of Fiscal Year 2015.

ReNew Power Ventures Pvt. Ltd. Key Developments

Renew Power Ventures Put On Hold Its Plan To Look At An Initial Public Offering

ReNew Power Ventures Pvt. Ltd. has put on hold its plan to look at an initial public offering. Sumant Sinha, Founder and Chief Executive Officer of ReNew Power Ventures, said, “The company has put on hold its plan to look at an initial public offering. We are not looking at an IPO in a hurry because we have raised a lot of equity capital right now. We just want to keep building the company out. I think it will take us a while. 2017 and beyond, we might start looking at it more seriously.”

ReNew Power Mulls Acquisitions

ReNew Power Ventures Pvt. Ltd. is seeking acquisitions. Founder and Chief Executive Officer, Sumant Sinha stated that ReNew Power is looking at acquisitions in the renewable energy sector.

Hanwha Q CELLS Announces Joint Venture Project Agreement with Renew Power In India

Hanwha Q CELLS has also entered into a Joint Venture Agreement with ReNew Power with potential for up to 49% equity ownership in two solar energy projects totaling 148.8 MW. Hanwha will partner with ReNew to develop, build and operate the projects. The solar projects are located in the Medak and Mehbub Nagar districts in the State of Telangana, with commissioning anticipated in June 2016. Power generated from these projects will be sold under a Purchase Power Agreement (PPA) with the Southern Power Distribution Co. of Telangana State Ltd. (TSSPDCL).

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