Refinancing to reduce interest cost on this debt pool by more than 200 basis points. Company secures 15-year project finance from one of India’s largest financial institutions. Gurugram, India : ReNew Energy Global plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), India’s leading decarbonisation solutions company, on Friday announced the refinancing of Non-Convertible Debentures (NCDs) […]
ReNew signs contract to sell 300 MW solar project at a valuation of $199 Million – EQ
India Grid Trust to buy ReNew Solar Urja Private Limited (“RSUPL”) in Rajasthan Asset sale in line with ReNew’s strategy of capital recycling to enhance shareholder value Gurugram : ReNew (“ReNew”, RNW, RNWWW: NASDAQ), India’s leading decarbonization solutions company, announced on Monday that it has signed a Share Purchase Agreement with India Grid Trust to […]
COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker – EQ
In a new initiative, COP28 Presidency celebrates the most innovative private sector projects globally ReNew’s Round-the-Clock Power Project awarded Clean Energy Transition Changemaker at a dedicated ceremony at Expo City Dubai Gurugram, India, 08 December 2023: ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India’s leading renewable energy company, has been named a Clean Energy […]
ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion – EQ
The memorandum of understanding, a first of its kind in the Indian RE sector, was signed at the COP28 conference by ReNew Chairman and CEO Sumant Sinha and Suzanne Gaboury, ADB Director General, Private Sector Operations US$5.3 billion for decarbonization related projects between 2023 and 2028 Gurugram, India : ReNew Energy Global Plc (“ReNew”) (Nasdaq: […]
ReNew Q2 profit soars to 675.4 crore, upgrades FY24 EBITDA outlook – EQ
In Short : The company said its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at ₹2,129.8 crore in Q2 FY24 as compared to ₹1,820.9 crore in Q2 FY23. In Detail : ReNew Energy Global Plc (ReNew) on Monday posted a net profit at ₹377.1 crore during the second quarter ended September 30 […]
ReNew Announces Results for Second Quarter and Half Year Results for Fiscal Year 2024: US$81 million PAT for H1 FY24, Raises EBITDA Guidance for FY24 – EQ
Gurugram, India : ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its consolidated unaudited IFRS results for the three-month period ended September 30, 2023. Operating Highlights: As of September 30, 2023, the Company’s portfolio consisted of 13.8 GWs, compared to 13.4 GWs as of September […]
ReNew successfully commissions its first Interstate Transmission Scheme (ISTS) project following investment from Norfund and KLP – EQ
The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, sign agreement to invest approx. $9m (INR 730m) for 49% stake in the second project in Gadag district in Karnataka, India ReNew commissions its first Interstate Transmission Project, the “Koppal Transmission Scheme” to help in transmission of 1.5GW of renewable energy […]
ReNew releases third Sustainability Report: Driving Decarbonisation – EQ
ReNew’s net-zero targets by 2040 validated by SBTi 14.1 million tons of carbon emissions avoided during FY 2022–23, ~400 times its Scope 1 and 2 emissions 318,708+ kiloliters of water saved during FY23, a 48% year-on-year increase 17,385 GWh of clean energy produced during FY23, enough to power 5 million Indian households annually 40% gender […]
ReNew recognised in Top 15 Climate Tech Companies to Watch – EQ
In Short : ReNew, a leading renewable energy company, has been recognized as one of the Top 15 Climate Tech Companies to Watch. This accolade highlights ReNew’s innovative contributions to climate technology and its significant role in advancing renewable energy solutions. Being featured among the top companies underscores ReNew’s commitment to sustainable practices, clean energy […]
ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India – EQ
NEW YORK : ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India’s leading decarbonization solutions company, has announced the launch of its Clinton Global Initiative (CGI) Commitment to Action by tackling two of the toughest barriers to the renewable energy transition— clean energy production and youth education. This news was shared at the CGI 2023 […]