Tuesday, October 16, 2018
News
NEWS HOME
»
PRN INDIA
ReNew Power Expands Leadership Team, Announces Three Strategic Hires
  SocialTwist Tell-a-Friend  
   

NEW DELHI, October 11, 2018 /PRNewswire/ --

ReNew Power Limited, India's largest renewable energy IPP in terms of total energy generation capacity*, today announced the hiring of three senior executives who have joined the organization in leadership roles. These strategic appointments are in line with the company's continued focus on strengthening its management team.

        (Logo: https://mma.prnewswire.com/media/653741/ReNew_Power_New_Logo.jpg )

ReNew announced the appointments of Mayank Bansal as President - Strategy & Operations, Varun Sivaram as Chief Technology Officer, both to be based out of its Gurugram office, as well as Stephen O'Rourke, who has joined as Managing Director, ReNew North America and will be based at the company's recently set up international office in San Francisco, California .

Mayank will be responsible for developing the current and future strategy of the company and all capital allocation decisions. He has close to 20 years of consulting experience across verticals like Automobile, Metals & Mining, Infrastructure and Consumer Goods. Prior to joining ReNew, he had served as a Partner with AT Kearney and has also worked with Mckinsey & Co. and Hindustan Unilever. He is an Electrical Engineering graduate from IIT Bombay and an MBA from ISB Hyderabad.

As CTO, Varun will be responsible for understanding and integrating new technologies in existing lines of business, identifying new streams of technology enabled opportunities and building a culture of technology innovation within ReNew. He has previously served as the Director of the Energy Program at the Council on Foreign Relations in Washington D.C., Senior Energy Advisor to the Mayor of Los Angeles and the Governor of New York, and a consultant at McKinsey & Co. besides authoring a bestselling book - 'Taming the Sun: Innovations to Harness Solar Energy and Power the Planet'. He is a Rhodes and a Truman Scholar, and holds a PhD in condensed matter physics from St. John's College, Oxford University.

Stephen will be driving ReNew's business in the US market, which the company has recently entered. He joins ReNew Power from Capitas Energy where he served as the co-founder and Managing Partner helping them source, advance and sell more than 300MWac of mid-stage and greenfield utility scale projects in less than 2 years. He has previously held senior positions in organizations such as SunEdison, Deutsche Bank Securities and Applied Materials Inc. Stephen has graduated in Electrical Engineering from the US Naval Academy and also holds a Masters degree in Nuclear Engineering.

Commenting on these appointments, Mr Sumant Sinha, Chairman and Managing Director, ReNew Power, said, "We are pleased to welcome Stephen, Mayank and Varun to the leadership team. These senior level hires reflect our commitment to the goal of providing smarter and more efficient clean energy solutions. I look forward to our new appointees bringing in fresh ideas and rich experience to the organisation, adding a new dimension to our business."

About ReNew Power  

ReNew Power Limited is India's largest renewable energy IPP (Independent Power Producer) in terms of total energy generation capacity*. As of May 8, 2018, ReNew had a total capacity of over 5.85 GW of wind and solar power assets across the country, comprising 3.92 GW of operational capacity, 1.66 GW of under development capacity, and 0.27 GW of recently awarded SECI project. It develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers. ReNew has a strong track record of organic and inorganic growth having nearly doubled its operational capacity in each of the last three Fiscal Years. ReNew's broad base of equity investors include Goldman Sachs, JERA, ADIA, CPPIB, GEF SACEF India, and ADB (subsequently exited).

For more information, please visit: http://www.renewpower.in.

Follow ReNew Power on Twitter @ReNew_Power

*Source: CRISIL Research - Outlook on the Renewable Energy Market in India released in Mumbai in May 2018

Disclaimer:
ReNew Power Limited is proposing, subject to the applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the DRHP with SEBI on May 8, 2018. The DRHP will be available on the websites of SEBI at http://www.sebi.gov.in, BSE at http://www.bseindia.com, NSE at http://www.nseindia.com and GCBRLMs, i.e. at http://www.investmentbank.kotak.com, http://www.mlindia.com, http://www.goldmansachs.com, http://www.jmfl.com,   http://www.jpmipl.com and BRLMs, i.e. at http://www.hsbc.co.in/1/2/corporate/equitiesgloablinvestmentbanking, http://www.idfcbank.com, http://www.ubs.com/indianoffers   and http://www.yesinvest.in , respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the DRHP, including the section "Risk Factors" on Page 23 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.
This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States. The securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from such registration.
Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about the Company, its management, as well as its financial statements. No public offering or sale of securities in the United States is contemplated.  

Disclaimer:
"CRISIL Research, a division of CRISIL Limited (CRISIL) has taken due care and caution in preparing this report (Report) based on the Information obtained by CRISIL from sources which it considers reliable (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. This Report is not a recommendation to invest / disinvest in any entity covered in the Report and no part of this Report should be construed as an expert advice or investment advice or any form of investment banking within the meaning of any law or regulation. CRISIL especially states that it has no liability whatsoever to the subscribers / users / transmitters/ distributors of this Report. Without limiting the generality of the foregoing, nothing in the Report is to be construed as CRISIL providing or intending to provide any services in jurisdictions where CRISIL does not have the necessary permission and/or registration to carry out its business activities in this regard. ReNew Power Limited will be responsible for ensuring compliances and consequences of non-compliances for use of the Report or part thereof outside India. CRISIL Research operates independently of, and does not have access to information obtained by CRISIL's Ratings Division / CRISIL Risk and Infrastructure Solutions Ltd (CRIS), which may, in their regular operations, obtain information of a confidential nature. The views expressed in this Report are that of CRISIL Research and not of CRISIL's Ratings Division / CRIS. No part of this Report may be published/reproduced in any form without CRISIL's prior written approval."  

For more information, please contact:
Adfactors PR:
Shweta Sawhney
shweta.sawhney@adfactorspr.com
+91-9953880267

ReNew Power:
Pradeep Wadhwa
pradeep.wadhwa@renewpower.in
+91-9810266667

ReNew Power:
Dipankar Bose
dipankar.bose@renewpower.in
+91-9810466530

More News by PR Newswire India

Ultiloc Copolymers Expand Selvol Functionality

IBM Introduces AI OpenScale to Spur Artificial Intelligence Adoption and Transparency

IBM Unveils World's First Multicloud Management Technology

IBM Announces Cloud-Based Community Platform for Cyber Security Applications

First-ever QS Ranking of India's Higher Education Institutions

CIVCO Radiotherapy Announces FDA 510k Clearance and CE Mark of their Solstice SRS Immobilization System

ORGANO Expands Africa Footprint into South Africa

Updated Breast Cancer Resources and Events from NCCN Keep Patients and Doctors Worldwide Informed during Breast Cancer Awareness Month

Global Artists Gather for Fifth Silk Road International Film Festival Which Marks 60 Years of Film Making at the Iconic Xi'an Film Studio

JHL Biotech Announces China Approves Phase I and Phase III Clinical Trial Application for Bevacizumab Biosimilar to Treat Cancer

SodaStream Builds Massive Marine Device to Collect Plastic Waste from the Ocean off the Coast of Honduras

Io-Tahoe campaigns for the Chief Data Officer (CDO) role to lead the data-driven business agenda

Central Park Tower, Tallest Residential Building In The World, Launches Sales

Huawei Launches Next-Generation SD-WAN Routers, Simplifying Cloud and Network Interconnection for Enterprises

Ewire Softtech Acquires Cashier Prepaid Cards

COA-TRC Selects AnantU to Host Heritage Documentation Training Programme

Avon Products Appoints New Vice President for IT Transformation

Neron Informatics Showcased its 3rd Telecom Innovation [N-50 UCS] in the 9th Edition of Aegis Graham Bell Awards 2018

Chitkara University Hosted India's Largest National Theatre Festival 'Rangrezz' 2018 on October 5-6, 2018

Adda52 Rummy Launches Vijaya Kaandam Rummy Tournament for Dusshera

Arla Foods Ingredients Acclaimed by Frost & Sullivan for its Osteopontin-enriched ingredient, Lacprodan® OPN-10

RailRestro Launches its Very own Food Delivery Fleet Brand - Railivery

e-Zest Mentioned in Gartner Digital Commerce Vendor Guide 2018

Sony Entertainment Television India (Sony TV) Launches Their First Official Movie Game With Aaryavarta Technologies for the Movie 'Namaste England'

Watch the Live Stream of Honor 8X India Launch on 16th October 2018 at 11:30 am IST

Huawei AI Fabric Raises Ethernet to a New Level of Ultra-High-Speed and Lossless Performance

Carsharing Operators Shorten their Go-to-Market Times Using Customisable Service-based Models

Verisign Presents DDoS Trends Report of Q2 2018

UBM India to Bring in the Maiden Edition of the Chennai Jewellery and Gem Fair

TalentSprint Hosts Confluence 2018, a Platform for Industry Academia Collaboration

Suning will actively participate in China International Import Expo

Clarivate Analytics Launches Cortellis CMC Intelligence to Expand Drug Availability in Low and Middle Income Countries

Indo-Australian Collaboration for Enhancing Community Media

Ex-Intel India CFO Joins INCX

StoutWeb Launches TraviYo to Help Travel Companies Manage Their Business Operations

Casio Launches Aviation Concept G-SHOCK Watch

Huawei Campus Switches Upgrade to IDN-Ready for Building Intent-Driven Campus Networks

Performance Motion Devices Launches Integrated Circuits for Step Motor Control with Advanced Performance and Safety Features at Healthcare Packaging Expo 2018

White & Case Elects 41 New Partners

RummyCircle Goes LIVE With 10th Annual Diwali Rummy Tournament™

Go 'Beyond Limits' With the Honor 8X Camera Technology and Artificial Intelligence

Schneider Electric Reinforces its Commitment Towards Efficient Power Management to aid Productivity and Profitability for Businesses Across Industries

Trina Solar awarded gold medal again in renowned CSR rating

Lee Hecht Harrison Named Vanguard Leader in Talent & Leadership Consulting by ALM Intelligence

Huawei Releases Faster Full-Lifecycle AI Development Platform

Huawei Showcases Future-Oriented Smart Airport Solutions at HUAWEI CONNECT 2018's Smart Airport Forum

DATx Establishes Cross-Chain Hub for the Blockchain Industry

Rustomjee Announces Special Dussehra Offer at Aurelia, Rustomjee Urbania,Thane(W)

Social Media Focus, Product Innovation And Customer Insights are the Key Marketing Strategies - Verdure’s MD

UBM India's Retail Jewellers Guild Awards (RJGA) Shines a Spotlight on the Best Retail Jewellers Across India

Huawei Ranks No.68 in Interbrand Best Global Brands 2018

Saveyra App Launches Worldwide on iOS and Android

IHS Markit and ChinaBond Pricing Center Launch New Benchmarks for Onshore Chinese Bond Market

Female Trailblazers Share Advice For The Next Generation On International Day Of The Girl

Global Survey and Documentary Film Expose Emotional Impact of Multiple Sclerosis

Richardson and Training Industry Release Results from a Survey Asking Sales Professionals What They Value in a Sales Academy

Uncovering Canada's Smart Water Solutions

Canadian Scientist Positioned to Advance Groundbreaking Treatment for Leading Cause of Vision Loss

Alliance Ventures Invests in Data Ecosystem for Shared Transport Services

Frost & Sullivan Publishes Immediate Update Report on Kadimastem Ltd.: World's First successful transplant of embryonic stem cells in ALS patients

Supermicro Designs New Open Software-Defined Networking (SDN) Platform Optimized for 5G and Telco Applications and Launches verified Intel® Select Solution for uCPE

Honor Brings a 'Beyond Limits' Experience With Honor 8X Design Philosophy

Honeywell UAV Service Inspects More Than 100 Miles Of Power Lines In Five Days

Khelplay Rummy Announces 'Malamaal Dussehra Tournament'

Green Building Leaders Rick Fedrizzi And Elora Hardy Announced as Keynote Speakers at Greenbuild India

Microland Works With the Rotary Club of Parur to Rehabilitate Kerala's Handloom Weaver Community

Reliance Jewels Celebrates the Festive Season With the Campaign Thought 'From Precious Moments to Priceless Promises. With You at Every Moment'

Emaar's New Year's Eve Gala Set to be a Compelling Spectacle

Honor Inaugurates India Device Office in Bengaluru

Cognizant Leads Amway India's Warehouse Modernization Program

Huawei Announces Heavy Discounts of Upto Rs.15,000 on P20 Pro, P20 Lite and Nova Series During Amazon Great Indian Festival Sale

ReNew Power Expands Leadership Team, Announces Three Strategic Hires

GAC Motor tops all Chinese brands in J.D. Power Asia Pacific's China IQS

PSP Investments welcomes new investment partners to Forth Ports

JLL India Strengthens its Capital Markets Business, Appoints Industry Leader Chirag Agrawal as Head of Investment Banking

Anil Kumble's Microsoft AI-enabled Power Bat partners with Star India to revolutionize cricketing experience for players and fans

Clarivate Analytics Data Powers the Annual Reuters' Ranking of the World's Most Innovative Universities

Delhi Jewellery and Gem Fair 2018 Concludes on a High Note; Visitor Influx Reflects a Bullish Market Ahead for Industry

Hebron Avenue, Affordable Luxury Homes in the Heart of Bengaluru Under PMAY Scheme

Mr. Kieran Murphy (President and CEO, GE Healthcare) at GE HCI Alumni Day

Tesco in Bengaluru Collaborates With Indian Institute of Science for a Technology Fellowship Programme

Hundreds of Leading Global Enterprises Deploy IBM Cloud Private

Rain Carbon Receives Petroleum Coke Import Exemption from Supreme Court of India

India's Hathway Selects Verimatrix to Secure DVB Hybrid Network Built on Android TV

Blingbird Launches First-of-its-Kind Luxury Experiential Journeys in the Country

The Menarini Group Announces Commercial Agreement for Vabomere, Orbactiv and Minocin in 68 Countries

AntWorks and iNVATERRA Collaborate to Offer Intelligent Automation as Part of an AI Transformation Journey

Emerald Kalama Chemical Appoints Palmer Holland As Distributor Of K-FLEX® For Northeast U.S.

Zephyrus Aviation Capital Announces Closing of ZCAP 2018-1

Lil Wayne, Ms. Lauryn Hill, Meek Mill, Anderson .Paak & More Join Forces and Raise their Voices for Criminal Justice Reform at 4th Annual TIDAL X: Brooklyn

It's World Mental Health Day, and Behavioral Healthcare Technology is Exploding. Frost & Sullivan Tells You Why and How

SSON Analytics releases their latest global benchmarking study with the Top 20 Most Admired Shared Services Organisations

Huawei Announces AI + Digital Platform to Accelerate Digital Transformation

ZF Recognised by Frost & Sullivan for Emerging as the Top Supplier of eMobility and Autonomous Technologies in the Automotive Aftermarket

ZEE News Kicks off its Election Programming With 'Bhai vs Bhai'

Systech Wins Excellence in Pharma Award at CPhI 2018

Conjoined Twins From Mali Given New Lease of Life at Sidra Medicine, Qatar

Global media explore new development trends at the 2nd CGTN Global Media Summit and the 8th CCTV+ Global Video Media Forum held in Chongqing

WISPA Members Vote Cambium Networks Winner for Top Industry Award

Mitchell 1 Commended by Frost & Sullivan for Enhancing Productivity of Auto Repair Businesses with its Customer-centric Software

World Renowned MotoGP Biker Danilo Petrucci Launches the New Power Bike Variant of Shell Advance

Time-proven Strategies for Success in the Digital Age at STAR Sales Team Alpine Retreat: A Frost & Sullivan Executive MindXchange

Analytics Industry Leaders Come Together to Create Association of Data Scientists in India

BFMe.in and DTDC Retail Ltd Launches International Cosmetics in India in Collaboration With Lung Fung Group

Sea Tech Week 2018: Spotlight on Marine Bioresources

Workshop on Road Safety Conducted by Lawxy for Capacity Building of Lawyers, Held at National Law University, Delhi

Strand Life Sciences Acquires India Diagnostics Business From Quest Diagnostics

LazyDoor: One Stop Shop for Enabling Business Growth Through Smart Logistic Solutions

Blockchain Technology is Expected to Save Financial Institutions Over $40 billion Per Year, BIS Research Report

Apollo Hospitals Launches Apollo Clinical Knowledge Network (ACKN) on the Medvarsity Assimilate Platform and Introduces Virtual Grand Rounds-the Largest Virtual Live Lecture Hosted in India

JA Solar Further Promotes New Energy Development in Australia

Tetra Pak Launches Total-Plant Management Service Boosting Customer Profitability

TCS 'Billion Steps Challenge' Registers Huge Success

Twin Recognition for Aspect Software at Frost and Sullivan Asia-Pacific Best Practices Awards 2018

12th Edition of Renewable Energy India Expo Reiterates Renewed Focus on Clean Energy Sector

Vidyashilp Academy Bangalore Ranked Among the Top 10 Day Schools of Excellence in the Country

Truechip Successfully Hosted TrueConnect 2018 - The 2nd Annual Technical Conference

Silvan to Showcase its Enterprise LMS and Conference Room Automation at EBTI

Huawei Releases Next-Generation Intent-Driven CloudCampus Solution

Pycom Introduces Pylife, the First Complete Solution for a Truly Connected Life

Titan Eyeplus Reinvents Omnichannel - Why choose Between Online & Offline When You Can Have the Best of Both Worlds?

Park Place Technologies Acquires Houston-Based Global Service Provider Solid Systems CAD Services (SSCS)

Digital Transformation Takes Pharma Beyond the Pill

Hikvision Achieves Common Criteria Certification

Honor 8X Comes With Kirin 710 for Smooth User Interface

Ningbo holds international carnival to boost B&R cultural exchanges

OSRAM KREIOS® WEDDING PAR is all set to Light up Festivities

Orb Media Reports on Personal and Economic Toll of Climate Change-Related Flooding Worldwide

Julius Baer Wealth Advisors (India) Continues Expansion With Appointment of New Senior Relationship Managers Across Chennai, New Delhi, Kolkata and Mumbai

CENTRiC Smartphones Now Available at 0% Interest

CDPQ and Generation Investment Management Launch Unique Long-Term Sustainable Equity Partnership

Huawei Releases the Industry's Highest-Density 100GE Fixed Switch to Redefine Small and Medium-Sized Data Center Networks

Huawei Releases FabricInsight 2.0, Unveiling a New Mode for Proactive O&M in Data Centers

Singapore Aladdin Street and Singapore Silat Federation reached a cooperation to host 18th World Pencak Silat Championship

Design Sprint Academy, Berlin, and QGLUE Enter Into a Partnership

Merck Data at ESMO 2018 Congress Highlight Multiple Therapeutics with Potential to Transform Cancer Care

American Standard Challenges Industry Norms With its Differentiated Advertising Campaign

World Thrombosis Day Campaign Commemorates Fifth Anniversary and Reaches Billions in Effort to Raise Awareness of Life-Threatening Blood Clots

McGraw-Hill Education Launches Landmark 20th Edition of Harrison's Principles of Internal Medicine

Australia's Orlando Marzo Crowned World's Best Bartender

Grab forges strategic cloud partnership with Microsoft to drive innovation and adoption of digital services across Southeast Asia

Neo Lights Holdings, Inc. Enters Negotiations To Bring Manufacturing to India

Packaging Industry Leaders Join to Create New Sustainability-Focused Company, Mauser Packaging Solutions

72% Say Policy-Making Should Be Open to Dialogue With Business: New European Research Commissioned by JTI Shows that Policies Based on Evidence and Dialogue Are Needed to Restore Public Trust in Policy-Making

Indus Towers Wins Deming Prize for 2018

Social Finance Announces 2 Billion Dollar India-focused two Funds; Appoints Former Tata Leader Govind Sankaranarayanan as CEO

Honor India Announces Attractive Deals on Honor Smartphones at Amazon Great Indian Festival Sale and Honor Store

Vodafone PBL 4 Auctions: Dalmia Cement-owned Delhi Dashers Announces the Team for This Edition

Hamad Bin Khalifa University's Qatar Biomedical Research Institute Forms New Partnership With Harvard Stem Cell Institute

ANAROCK Releases Real Estate Consumer Outlook - H2 2018

3rd Edition of EduTech Congress 2018 by mUni Campus and Govt. of Andhra Pradesh

The 3rd HCL International Junior Squash Concludes

Aviation Week Network Issues 2019 Fleet & MRO Forecasts

World's First Shared Trading Platform, Exchain, Launches Public Beta Test

Vi-John Launches India's First Hair Removal Cream for Men

Sky and Space Global Commended by Frost & Sullivan for Pioneering the Deployment of Communication Nano-Satellites

CellPoint Mobile Appoints Stephane Druet as Global Head of Marketing

Siemens AG Acclaimed by Frost & Sullivan for Combining Organic and Inorganic Growth Strategies to Dominate the Identification and Location Solution Market

Marvellous 'Megha' Kaleshwaram Link-1 Completed in Record Time

ZAAP Launches Perfect Car Accessory to Help Drive Safer

GCR Launches 'Wooble'- a Web Meeting and Audio Video Conferencing Solution

Next Hotels and Kafnu to Open in Sri Lanka's Colombo City Centre in 2019

LDRA Launches the Fifth Edition of Embedded Safety & Security Summit (ESSS) 2019

DMCC Claims Global Free Zone Award For Record Fourth Consecutive Year

JA Worldwide and SABIC Partner in Global Initiative for Education and Innovation

In Mind Cloud Joins SAP Partner Managed Cloud Program to Provide Turnkey Sales Solutions to Manufacturing Industries

In Mind Cloud Announces Its Participation at SAP(R) Customer Experience LIVE to Showcase 'In Mind Cloud Manufacturing CPQ'

FE CREDIT Scores a Hat-trick at Cards and Electronic Payments International (CEPI) Asia Awards 2018

Drink Differently: Three Trends Set to Light up the Newsfeed in 2019, According to WORLD CLASS

IMA Named 2018 Professional Body of the Year by The Accountant and The International Accounting Bulletin

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Rajasthan: 60 detected with Zika virus c...
Bungalow to Shivpal proves he is under B...
AMU row: Mehbooba urges Centre to withdr...
Vineet Gulati appointed member of Air Na...
Restricted timings for bursting crackers...
Amit Shah asks Rahul to stop dreaming ab...
More...    
 
 Top Stories
Israeli soldiers shoot dead Palesti... 
UN chief calls for action to protec... 
No GoT spoilers for Rose Leslie... 
Tips for cozy living room... 
Oil prices rise amid political unce... 
Ebola resurges in Congo, WHO conven... 
Trump surveys Florida, Georgia in a... 
Doctor probed in Vyapam scam dies i...