Latest news with #SallyTaylor
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Business Standard
06-05-2025
- Business
- Business Standard
ReNew raises $100 mn from BII to expand solar cell output in Gujarat
Gurgaon-based ReNew Energy Global Plc announced that it has secured funding of $100 million (Rs 870 crore) from British International Investment (BII), the UK's development finance institution and impact investor. The company said the investment is aimed at building its solar manufacturing business in India. 'This marks BII's first-ever investment in solar manufacturing in India and underscores its commitment to building a resilient, self-reliant renewable energy supply chain in one of the world's fastest-growing clean energy markets,' the two companies said in a joint statement. With this investment, BII will pick up a minority stake in ReNew Photovoltaics Private Limited, the solar manufacturing subsidiary of ReNew. The companies did not reveal the stake value. Established in 2021, ReNew Photovoltaics comprises an operational 6.4 GW solar PV module facility and a 2.5 GW solar cell facility, located in Jaipur, Rajasthan, and Dholera, Gujarat. BII's investment will be primarily utilised to grow the business and expand the company's manufacturing capacity through the construction of a new state-of-the-art 4 GW TOPCon cell facility in Dholera, Gujarat, the statement said. Post-expansion, ReNew's total manufacturing capacity will be approximately 6.4 GW of modules and 6.4 GW of cells. With an annual output of 4.0–4.5 GW of modules, ReNew Photovoltaics' facilities will primarily serve ReNew's internal consumption, with surplus capacity targeted for third-party sales. Sumant Sinha, founder, chairman and chief executive officer, ReNew, said: 'Venturing into manufacturing was a strategic decision aimed at securing our supply chain, particularly as India advances its objective of indigenising the solar supply chain with a supportive regulatory and policy environment. Beyond ensuring supply stability, our goal was to partner with a like-minded, long-term partner in manufacturing.' Sally Taylor, minister counsellor, climate, science and tech, British High Commission, said: 'This investment in ReNew's solar manufacturing arm is a positive development that will diversify the supply of panels and further build the strong partnership between the UK and India on clean energy.'
Economic Times
06-05-2025
- Business
- Economic Times
ReNew secures USD 100 mn investment from British International Bank
ReNew has secured an investment of $100 million to help it grow its solar manufacturing business. ReNew Energy Global Plc on Tuesday announced that it has secured an investment of Rs 870 crore (around USD 100 million) from British International Investment (BII), to accelerate growth of its solar manufacturing business in India. The investment will be made in ReNew Photovoltaics Private Limited (ReNew Photovoltaics), the company's dedicated solar manufacturing subsidiary in India, a statement said. According to the statement, ReNew Energy Global Plc (ReNew) has secured an Rs 8700 million (around USD 100 million) investment from BII, the UK's development finance institution and impact investor, to accelerate the growth of its solar manufacturing business in India. This marks BII's first-ever investment in solar manufacturing in India and underscores its commitment to building a resilient, self-reliant renewable energy supply chain in one of the world's fastest-growing clean energy markets. The investment will see BII acquire a minority stake in ReNew Photovoltaics. The transaction is subject to customary approvals from lenders and regulatory authorities. Established in 2021, ReNew Photovoltaics comprises an operational 6.4 GW solar PV module facility and a 2.5 GW solar cell facility, located in Jaipur, Rajasthan, and Dholera, Gujarat. BII's investment will be primarily utilised to grow the business and expand the Company's manufacturing capacity through the construction of a new 4 GW TOPCon cell facility in Dholera, Gujarat. Post-expansion, ReNew's total manufacturing capacity will be approximately 6.4 GW of modules and 6.4 GW of cells. The expansion is expected to create over 2,000 new jobs and boost domestic production of high-efficiency solar components, reducing India's reliance on imports and aligning with the Government of India's 500 GW renewable energy capacity target by 2030 as well as the Make in India initiative. With an annual output of 4.0 to 4.5 GW of modules, ReNew Photovoltaics' facilities will primarily serve ReNew's internal consumption, with surplus capacity targeted for third-party sales. To date, the facilities have supplied 900 MW to third parties along with additional orders of approximately 1.5 GW, reflecting strong market traction. Sumant Sinha, Founder, Chairman & CEO, ReNew, said in the statement, " This partnership underscores our commitment to delivering high quality, top-tier products while making strategic investments that drive sustainable growth and create long-term shareholder value. Venturing into manufacturing was a strategic decision aimed at securing our supply chain, particularly as India advances its objective of indigenising the solar supply chain with a supportive regulatory and policy environment. Sally Taylor, Minister Counsellor, Climate, Science and Tech, British High Commission, said in the statement, "This investment in ReNew's solar manufacturing arm is a positive development that will diversify the supply of panels and further builds the strong partnership between the UK and India on clean energy. Shilpa Kumar, MD and Head of India, BII, said in the statement, "This investment is crucial for building and strengthening the renewable energy supply chain in India."
Mint
06-05-2025
- Business
- Mint
British International Investment invests $100 mn for 10% stake in ReNew's solar module manufacturing business
New Delhi: British International Investment (BII) has invested $100 million in the solar module and cell manufacturing subsidiary of Nasdaq-listed ReNew Energy Global Plc. The UK government entity will acquire a 10% stake in ReNew Photovoltaics Ltd, valuing the subsidiary at $1 billion, according to a filing with the Securities and Exchange Commission. The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. ReNew has 6.4 GW of module capacity and 2.5 GW of cell capacity. The cumulative capacity of ReNew will be about 13 GW following the capacity addition. BII recently sold its stake in National Investment and Infrastructure Fund-backed Ayana Renewable Power Pvt Ltd to ONGC NTPC Green Private Ltd in a ₹ 6,600 crore equity deal. Ayana manages a 4.1 GW renewable energy portfolio across Indian states and delivers solar, wind, hybrid, storage and round-the-clock renewable solutions. ReNew said in a statement on 6 May that this is BII's first investment in solar manufacturing in India. 'This partnership underscores our commitment to delivering high quality, top-tier products,' said Sumant Sinha, founder and chairman of ReNew. 'Venturing into manufacturing was a strategic decision aimed at securing our supply chain, particularly as India advances its objective of indigenising the solar supply chain… our goal was to partner with a like-minded, long-term partner in the manufacturing sector." Sally Taylor, minister counsellor for climate, science and tech at the British High Commission, said the investment in ReNew's subsidiary will diversify the supply of panels and build the strong partnership between the UK and India on clean energy. "The UK Government is pressing ahead with our own clean energy transition, where the private sector is playing a key role, and we are keen to work with India and other countries showing domestic and international leadership on tackling climate change," Taylor said. Shilpa Kumar, MD and head of India at BII noted that enhancing India's capacity in solar manufacturing will not only boost clean energy generation but also reduce the country's dependency on imports, promote sustainable industrialisation and create jobs. "It underscores BII's unwavering commitment to making investments that drive sustainable development and climate resilience in India," BII's India head said. Established in 2021, ReNew Photovoltaics operates a 6.4 GW solar PV module facility in Jaipur and a 2.5 GW solar cell facility in Dholera, Gujarat. BII's investment will be primarily utilised to construct a 4 GW cell facility in Dholera. The expansion is expected to create over 2,000 jobs, the company said in the statement. ReNew Photovoltaics' customers include state-run NTPC and Shakti Pumps. In an interview to Mint in September 2024, Sinha said ReNew Energy Global is looking at monetising its solar components manufacturing business and may approach private equity firms to raise funds. First Published: 6 May 2025, 05:43 PM IST
BBC News
22-03-2025
- Health
- BBC News
Presenter Sally Taylor dragon boats with fellow cancer survivors
BBC news presenter and journalist Sally Taylor has praised a group of fellow breast cancer survivors who dragon boat together for their "friendship and camaraderie".Pink Champagne is a female dragon boat team in Dorset made up exclusively of women who have previously had the member of the team told the BBC that the activity had "given people their confidence back".Taylor, who presented her last edition of South Today after almost 40 years this week, was treated for breast cancer in 1999. She praised the group, saying: "By talking about it, you will have helped a lot of people." One member said of the team "we don't talk about cancer all the time", while another said the activity was "important physically".A fellow dragon boater said: "[It's good] to show people that we do things like this.""We've now moved into a space where dragon boating defines us, not the breast cancer," another added. In the 26 years since her diagnosis, Taylor has worked with various charities to raise awareness of the disease."Reality kicked in for me when I was sat on the bed the morning of my operation," she said."The consultant came in with a felt tip pen and then drew on my back where he was going to make the cuts."I sort of thought 'oh my goodness, I am going through with this'." A fly-on-the-wall style documentary following Taylor's treatment journey was broadcast in 2000, and was widely praised for its candour and honesty."I shared my story on television and that was such a big thing, and I had to think about that very carefully beforehand," she said."In a way, I mean I don't regret it, but I sometimes think 'I wish it hadn't defined me'."Taylor - who was described as a "TV legend" by one viewer - presented South Today for the final time this week, having first joined the regional news programme in is believed she had been the longest-serving female presenter of a flagship regional television news programme until her retirement on Thursday. You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
BBC News
21-03-2025
- Entertainment
- BBC News
Sally Taylor: Famous faces say goodbye to 'broadcasting legend'
Famous faces have paid tribute to Sally Taylor after she presented the BBC news programme she has hosted for almost four decades for the final first joined South Today in 1987 and is believed to be the longest-serving female presenter of a flagship regional television news programme until her would be "very strange" without her, Downton Abbey and Paddington star Hugh Bonneville said in a off on her final programme, Taylor said she had "loved every minute" of her time on South Today. "I fell into broadcasting and never thought I'd be here 40 years later," she the audience, she said: "You've got to remember that you have been part of this journey with me, and I feel enormously honoured that you have shared and allowed me to tell your stories."Taylor then thanked her "wonderful" colleagues who had "kept me on my toes", before ending the programme with the words "goodbye, for the last time". In a tribute to Taylor's time at South Today, broadcast at the end of Thursday's programme, Bonneville said she had been "such a fixture in living rooms across the south of England for so long"."Over the years you have earned your audience's trust, its respect, and a very special place in all our hearts," he W1A actor said it had been a "pleasure" knowing Taylor, adding: "I hope that your next chapter is full of wonder, surprises and exciting new adventures." Bruce Parker, Taylor's first co-anchor on South Today, said the pair "worked hard" and "had a lot of fun together".Parker, who presented the programme for 37 years, added that Taylor was the "queen of regional television".Former ITV Meridian presenter Fred Dinenage also joined the tributes, saying he and Taylor had been "friends and rivals - mainly friends - for so many many years".He wished his old competitor "all the very best for the future", but warned "if you're thinking about retirement, there's no such thing, because if you're anything like me, you'll finish up working harder than ever". Taylor would be "so missed - the broadcasting legend that you are", actress Sarah Parish said."Thank you for being the trusted face in our front room for the past 40 years," she 42 lead singer Mark King thanked Taylor for "40 years of incredible service at the BBC"."Have a great retirement, but I know you, you're not going to retire for very long - I'm pretty sure about that," he added. Skiffle band The Dodge Brothers added to the tributes, thanking Taylor for "being such a supporter" of the critic Mark Kermode, who is the band's bassist, said: "We've done gigs with you, we recorded jingles for your radio show, we've never felt more proud.""You'll be sorely missed, but I know you'll go on to other fabulous stuff," he added. During her career, Taylor covered 10 general elections, reported from Bosnia at the end of the war with military medics and broadcast live from Antarctica after travelling there on HMS 2005, Taylor was appointed an MBE in the Queen's Birthday Honours List for her services to regional broadcasting. You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
