+
BII Seeks CCI Nod to Invest in ReNew Photovoltaics
ECONOMY & POLICY

BII Seeks CCI Nod to Invest in ReNew Photovoltaics

British International Investment (BII), a UK government-owned development finance institution, has approached the Competition Commission of India (CCI) for approval to acquire a stake in ReNew Photovoltaics Pvt Ltd.

The proposed deal involves BII subscribing to securities issued by ReNew Photovoltaics, a company engaged in manufacturing solar modules and cells in India. The parties have clarified that there is no direct overlap in their business operations in the country, although some of BII’s portfolio companies operate in the solar energy segment.

The companies submitted that the deal is unlikely to cause any adverse impact on market competition. CCI has been informed that the relevant market includes both upstream solar manufacturing and downstream solar generation and transmission.ring unit. This funding will be channelled into ReNew Photovoltaics, the group's solar manufacturing arm.

Founded in 2021, the firm operates a 6.4 GW module unit and a 2.5 GW cell facility in Jaipur and Dholera, respectively. With BII's investment, ReNew will add a new 4 GW TOPCon cell plant in Dholera, increasing total cell capacity to 6.4 GW.

Source:PTI via The Week

British International Investment (BII), a UK government-owned development finance institution, has approached the Competition Commission of India (CCI) for approval to acquire a stake in ReNew Photovoltaics Pvt Ltd.The proposed deal involves BII subscribing to securities issued by ReNew Photovoltaics, a company engaged in manufacturing solar modules and cells in India. The parties have clarified that there is no direct overlap in their business operations in the country, although some of BII’s portfolio companies operate in the solar energy segment.The companies submitted that the deal is unlikely to cause any adverse impact on market competition. CCI has been informed that the relevant market includes both upstream solar manufacturing and downstream solar generation and transmission.ring unit. This funding will be channelled into ReNew Photovoltaics, the group's solar manufacturing arm.Founded in 2021, the firm operates a 6.4 GW module unit and a 2.5 GW cell facility in Jaipur and Dholera, respectively. With BII's investment, ReNew will add a new 4 GW TOPCon cell plant in Dholera, increasing total cell capacity to 6.4 GW.Source:PTI via The Week

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code