Top Searches
Advertisement

British International Investment Seeks CCI Nod for ReNew Photovoltaics Stake

Updated: May 27, 2025 21:03

Image Source: Entrackr
British International Investment (BII), the UK government-controlled development finance institution, has approached the Competition Commission of India (CCI) to get its approval for acquiring a stake in ReNew Photovoltaics, one of India's top solar manufacturing companies. The investment is set to increase ReNew's manufacturing capacity and speed up its growth in the solar energy market.
 
1. Strategic Investment in Solar Manufacturing
  • BII will invest ₹870 crore (about $100 million) in ReNew Photovoltaics.
  • The funds will go towards growing ReNew's solar module and cell manufacturing capacity.
  • ReNew Photovoltaics has a 6.4 GW solar PV module plant and a 2.5 GW solar cell plant at Jaipur, Rajasthan, and Dholera, Gujarat.
2. Expansion Plans and Market Impact
  • The funds will go towards building a new 4 GW TOPCon solar cell plant at Dholera, Gujarat.
  • Post-expansion, ReNew's aggregate manufacturing capacity will be 6.4 GW of modules and 6.4 GW of cells.
  • The investment is consistent with India's emphasis on renewable energy and local solar manufacturing.
3. Regulatory Approval and Competition Considerations
  • BII has made it clear that there are no horizontal or vertical overlaps directly between its business and ReNew Photovoltaics in India.
  • The suggested investment is not likely to have any negative impact on competition in the Indian solar energy industry. 
  • CCI review will consider the impact on solar module and cell production, as well as the generation and transmission of solar power. 
4. Industry Implications and Future Outlook
  • The parent company, ReNew Energy Global Plc, continues to attract foreign investments to ramp up its solar manufacturing business.
  • India’s solar sector is witnessing rapid expansion, with increasing demand for high-efficiency solar cells and modules.
  • BII’s investment reinforces its commitment to sustainable energy and climate-friendly initiatives.
Sources: Rediff, MSN

Advertisement

STORIES YOU MAY LIKE

Image Source: ighplc.com
Fifty and Fabulous: IHG’s Crowne Plaza Lucknow Ushers in a New Era of Hospitality
Image Source: Metro Rail News
Partnership on Track: Kinet and Tube Investments to Deliver the Ultimate Sleeper Train Experience
Image Source: NewsX
Jaipur Metro Phase-2 on Fast Track: Pink City’s ₹12,260 Crore Commute Revolution Awaits Green Light
Advertisement
Image Source: Business Standard
From Bytes to Billions: India’s Data Centre Surge to Redefine the Digital Landscape
Image Source: Marca Money
Electrifying Alliance: Ajay Devgn and BGauss Set the Stage for Sustainable Mobility
Image Source: Facebook
SCS Tech’s Digital Symphony: Orchestrating AI, Cyber Resilience & Smart Urban Dreams
Image Source: PTI
Mumbai Magic: UP’s Investment Roundtable Shines with ₹65,000 Crore Commitments
Advertisement
Live Blogs
Gill, Sudharsan Steal Spotlight as Gujarat Titans Clinch IPL 2025 Playoff Spot with Commanding Win
Sunil Joshi Applauds Harpreet Brar’s Game-Changing Spell in Punjab Kings’ Crucial IPL Win
Harpreet Brar’s Thigh-Slap Celebration Steals the Show as PBKS Edge Out RR in IPL 2025 Thriller
India’s EOS-09 Satellite Launch Fails Due to Third-Stage Malfunction
Top Stories
Image Source: News Point
From Dust to Districts: PM Modi Celebrates 20 Years of Gujarat’s Cityscape Symphony
Image Source: Times Of India
Code & Concrete: India’s First AI SEZ Set to Boot Up in Nava Raipur
Image Source: Patna Press
Runway to the Future: PM Modi Set to Unveil Patna’s Global Gateway on May 29
Image Source: the Schaeffler Group
Driving Innovation: Schaeffler India Rolls Out Its Fifth Manufacturing Marvel in Tamil Nadu
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine