Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

ReNew Refinances Dollar-Denominated Bonds worth $525 million

Urja Daily by Urja Daily
July 13, 2022
in News, Renewable, Solar
Reading Time: 2 mins read
0
ReNew Power
Share on FacebookShare on TwitterShare on Linkedin

Gurugram, India : ReNew Energy, India’s leading renewable energy company, announced that it has successfully refinanced its 2024 maturity dollar-denominated bonds with amortising project debt from an Indian nonbank financial company, becoming the first Indian renewable energy company to do so.

ReNew issued bonds (“RPVIN 6.67% 24s” or “Bonds”) worth US$ 525 million in 2019, which were set to mature in 2024. By refinancing the dollar-denominated bonds ahead of time, ReNew has shown strong and continued access to domestic debt capital, as well as an ability to proactively manage refinancing risk.

RELATED POSTS

Leading LNG Exporters Driving the Global Market

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

This refinancing has cut the bonds’ INR interest cost by 200 basis points, with the interest rate fixed for three years while pushing out the maturity to the end of fiscal year 2027. The rate reduction, rate fixing, and tenor extension have taken place against the backdrop of a rising interest rate environment in the broader markets. This pre-emptive refinancing mitigates near-term refinancing risk for bonds and provides liquidity to bond investors.

Speaking on the refinancing of debt, ReNew CFO Kedar Upadhye, said, “In today’s business climate, being pro-active and flexible in one’s financing strategy is key, and our team has taken the lead in this by making us the first Indian renewable energy to raise money onshore to retire US dollar bond obligations.

As we help spearhead India’s energy transition, we have mitigated refinancing risk without depleting the company’s growth capital and will continue to look at multiple pools of capital to further abate refinancing risk.”

ReNew continues to rapidly expand its capacity, with its gross total portfolio recently surging over 25 % to ~12.8 GW from 10.2 GW at the beginning of 2022.

Tags: ReNew EnergyRenewable Energy
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

LNG Market

Leading LNG Exporters Driving the Global Market

by Palak
June 9, 2025
0

The Liquefied Natural Gas (LNG) Market has become a critical component of the global energy infrastructure, offering cleaner-burning alternatives to coal...

Orb Energy

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

by Palak
June 9, 2025
0

Tirupati, Andhra Pradesh : Orb Energy announced that it has successfully installed and commissioned a 700-kilowatt rooftop solar system (350kWp as...

Recyclekaro Plant

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

by Palak
June 7, 2025
0

Mumbai : Recyclekaro Group has officially launched Reloop, a direct-to-consumer (D2C) platform, designed to simplify, incentivise, and democratise responsible recycling. The initiative...

Servotech

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

by Palak
June 7, 2025
0

NEW DELHI, INDIA – After a highly productive and culturally enriching 6-day trip, Errol Musk, Global Advisor to Servotech Renewable...

Andrés de León, CEO of HyperloopTT

HyperloopTT’s Italian Project Begins Operations

by Palak
June 7, 2025
0

Last year, HyperloopTT announced the start of a feasibility study for 'Hyper Transfer', a hyperloop prototype to carry cargo and...

Next Post
Incari Studio

Incari Studio gets closer to being THE definitive software for HMI development worldwide with latest software update

Pittsburgh International Airport

Pittsburgh International Airport Looks to Expand Microgrid

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

LNG Market

Leading LNG Exporters Driving the Global Market

June 9, 2025
Orb Energy

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

June 9, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Leading LNG Exporters Driving the Global Market

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

HyperloopTT’s Italian Project Begins Operations

World Environment Day 2025

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved