|Project Name||ReNew Clean Energy Project|
|Borrower/Company||Helios Infratech Pvt Ltd
Narmada Wind Energy Pvt Ltd
RENEW POWER VENTURES PRIVATE LIMITED
ReNew Mega Solar Power Pvt Ltd
ReNew Saur Shakti Pvt Ltd
ReNew Solar Energy (Jharkhand One) Pvt Ltd
ReNew Solar Energy (Jharkhand Three) Pvt Ltd
ReNew Wind Energy (Sipla) Pvt Ltd
|Type or Modality of Assistance||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Partnerships
Private sector development
|Sector / Subsector||
Energy / Renewable energy generation - solar - Renewable energy generation - wind
|Gender Equity and Mainstreaming||No gender elements|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Infrastructure Finance Division 1|
|Responsible ADB Officer||Patil, Avesh|
|Project Sponsor(s)||RENEW POWER VENTURES PRIVATE LIMITED
|Objectives and Scope||The Government of India has established ambitious renewable energy targets in the country's electricity-generation mix: a national target (for renewable energy capacity) of 175 gigawatts (GW) by 2022, approximately 91% of which will come from solar and wind. The Project supports a leading private sector player (ReNew) in its contributions towards this goal. More broadly, the Project also (i) contributes to the acceleration and expansion of private sector investments in clean energy infrastructure in India; (ii) expands and diversifies ADB's non-sovereign exposure to infrastructure assets in India's less-developed states; and (iii) catalyzes significant capital from co-financiers.|
|Status of Development Objectives||
The Projects have started contributing to their development objectives.
1- ReNew Mega Solar Power Pvt Ltd (RMSPL) - 48 MW solar power generation plant at Mandamarri in Telangana, Andhra Pradesh got commissioned in March 2017.
2- ReNew Wind Energy (Sipla) Pvt Ltd (RWESPL) - 110 MW wind power generation plant at Batkurki (60 MW) and Bableshwar (50 MW) in Karnataka got commissioned in March 2017.
3. Helios Infratech Private Limited (HIPL) - 101 MW wind project in the state of Andhra Pradesh got commissioned on 31 March 2017.
|Status of Operation/Construction||ADB has so far provided financing for three subprojects/SPVs (i.e., ReNew Wind Energy (Sipla), Helios Infratech Private Limited (HIPL) and ReNew Mega Solar) which are fully operational. Company is in process of financing Renew Saur Shakti Pvt Ltd (RSSPL).|
|Linkage to Country/Regional Strategy||The Project supports infrastructure and environment, two of the five core operational areas of ADB, as reaffirmed by the Midterm Review of Strategy 2020. Moreover, the Project supports three of the five key thrusts of the Country Partnership Strategy of India (2013-2017): (i) infrastructure development, (ii) job creation and access to jobs, and (iii) environmental sustainability.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||The potential environmental impacts of solar and wind power projects are generally site-specific, reversible, and mostly associated with construction activities. These impacts typically include land and vegetation clearing for site preparation and construction of access and internal roads within the solar and wind farms, transportation and delivery of equipment and materials, excavation and laying of foundations, and installation of wind turbines and solar panels.|
|Involuntary Resettlement||ReNew has no recourse to government expropriation for its land needs. Involuntary physical displacement is therefore not possible and all permanent land acquisition is by voluntary sale on a willing-seller willing-buyer basis. ReNew engaged a third party to audit project related land procurement documentation to ensure that negotiation and settlement processes comply with national law and are in line with requirements for negotiated land acquisition laid down in safeguard requirements for involuntary resettlement.|
|Indigenous Peoples||The Project does not impact Indigenous Peoples and has been categorized as _C_.|
|Stakeholder Communication, Participation, and Consultation||ReNew's environmental and social management system (ESMS) includes provisions and procedures for stakeholder engagement, community consultation and grievance resolution on its subprojects.|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||07 Jun 2016|
|Credit Committee Meeting||19 Oct 2016|
|Approval||02 Dec 2016|
|Last PDS Update||12 Jun 2019|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|ReNew Clean Energy Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Dec 2016|
|ReNew Clean Energy Project: Report and Recommendation of the President||Reports and Recommendations of the President||Nov 2016|
|ReNew Clean Energy Project: Project Data Sheet (हिन्दी)||Translated PDS||Oct 2016|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB Boosts Support for Clean Energy with $390 Million Renewables Financing in IndiaADB approved a $390 million financing package for ReNew Power to develop renewable energy projects in India as part of its efforts to scale up private sector-led infrastructure development in Asia and support clean energy.