ReNew Energy Global PLC

ReNew Energy Global Plc develops, builds, owns, and operates solar energy projects. It operates two segments: Wind Power and Solar Power. Wind power segment reflects the revenue earned from utility-scale wind energy projects in India and Solar power segment reflects the revenue earned from utility-scale and distributed solar energy projects in India. The company was founded by Sumant Sinha in 2011 and is headquartered in Gurugram, India.

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

ReNew Power reports strong Q1 performance and aligns with global climate goals

ReNew Power's Q1 2023 earnings call highlighted the company's strong financial performance, organizational strengthening, and alignment with global climate goals. Despite challenges related to income from carbon credit sales and FX impact, the company is well-positioned to capitalize on the growing Indian renewable energy market.

RNW reports strong Q2 earnings, eyes growth in renewable energy

RNW's Q2 2023 earnings call highlighted robust financial performance, strategic partnerships, and ESG initiatives, while acknowledging challenges with outstanding payments and manpower productivity. The company is well-positioned to leverage opportunities in the renewable energy and green hydrogen sectors, supported by favorable government frameworks and funding commitments.

ReNew Energy reports solid Q3 earnings, eyes growth in green initiatives

ReNew Energy Global PLC's Q3 2023 earnings call highlighted strong financial performance, strategic strengths in the Indian renewable energy market, challenges with acquisitions and weather impacts, various growth opportunities in auctions and green initiatives, and a focus on disciplined value creation and ESG practices.

ReNew Energy Global PLC reports robust Q4 performance and outlines growth strategies for FY '24

ReNew Energy Global PLC's Q4 2023 earnings call highlighted strong financial performance, strategic initiatives in the renewable energy sector, and efforts to drive operational efficiency. The company's focus on ESG initiatives, debt refinancing, and growth projections for FY '24 position it for continued success in the market.

ReNew Energy reports robust Q1 growth amidst ESG focus

ReNew Energy Global PLC's Q1 2024 performance reflects strong growth, profitability, and a strategic focus on sustainability and manufacturing expansion.
While facing challenges such as payment delays and workforce management, the company is well-positioned to capitalize on opportunities in renewable energy and green hydrogen projects.
By addressing operational challenges, leveraging its strengths in ESG initiatives, and seizing growth opportunities, ReNew Energy is poised for continued success and expansion in the renewable energy sector.

ReNew Energy reports strong Q2 earnings, faces module supply challenges

ReNew Energy Global PLC's Q2 2024 performance reflects profitability driven by operational improvements and increased capacity.
The company's strengths lie in securing power agreements, financial discipline, and strong ESG initiatives.
Challenges include potential supply deficits, project execution bottlenecks, and asset sale gains not reflected in EBITDA.
Opportunities exist in strategic partnerships, government support for transmission expansion, and a stable project financing strategy.

ReNew Energy reports profitability, raises guidance amidst regulatory uncertainties

ReNew Energy Global PLC showcased strong financial performance, highlighted by profitability, positive cash flow, and improved operational metrics. The company's focus on wind projects and ESG initiatives, along with raised guidance for FY '24, indicate a positive outlook. Challenges include regulatory uncertainties and lower solar PLF in the quarter.

ReNew Energy exceeds earnings expectations, plans aggressive growth strategy

ReNew Energy Global PLC's Q4 FY '24 earnings call highlighted strong financial performance, ESG achievements, and growth plans. The company's focus on funding growth sustainably through asset monetization and commitment to social responsibility were key themes. Challenges include transmission charges and declining solar module prices, while opportunities lie in auction markets and higher IRRs for complex projects.

ReNew Energy Global PLC reports robust Q1 performance and growth opportunities

ReNew Energy Global PLC's Q1 FY'25 Earnings Call highlighted strong performance, emphasizing safety, ESG commitments, and disciplined bidding strategies. The company showcased strengths in safety records, gender diversity, and capital access. Challenges include managing revenue impact from lower PLFs and optimizing project performance assessments, while opportunities lie in portfolio expansion and enhancing ESG initiatives.

ReNew Energy reports robust Q2 earnings, poised for sustainable growth

ReNew Energy Global PLC's Q2 2025 earnings call reflects strong financial performance, operational efficiency, and a strategic focus on sustainability and shareholder value creation.
The company's strengths lie in its alignment with global clean energy trends, commitment to cost optimization, and positive social impact through CSR initiatives.
While facing challenges in market dynamics and operational stability, ReNew has opportunities to drive growth, margin expansion, and brand differentiation through sustainability efforts.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ReNew Energy Global Plc is a decarbonization solutions company, which engages in the research and development of renewable energy sources. It operates through the following segments: Wind Power, Solar Power, Hydro Power, and Transmission Line. The Wind Power segment relates to the utility-scale wind energy projects in India. The Solar Power segment refers to the utility-scale and distributed solar energy projects in India. The Hydro Power segment focuses on hydro energy projects in India. The Transmission Line segment represents the construction and maintenance of transmission lines. The company was founded by Sumant Sinha and Vaishali Nigam Sinha in 2011 and is headquartered in Gurugram, India.

GURUGRAM, India , July 11, 2022 /PRNewswire/ -- ReNew Energy Global Plc ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW) today announced that it will hold its first Annual General Meeting (AGM) of shareholders in London, United Kingdom, on August 19, 2022. The Company will propose resolutions at the AGM to (i) receive the U.K. Companies Act annual accounts and reports of the Company for the financial year ended March 31, 2022, (ii) to approve the directors' remuneration report of the Company for the financial year ended March 31, 2022, (iii) to approve directors' remuneration policy of the Company, (iv) to (ix) to approve the appointment of non-executive independent directors: Ram Charan; Manoj Singh; Robert S.

ReNew Energy Global Plc to hold its first Annual General Meeting on August 19, 2022

ReNew Energy Global plc (NASDAQ:RNW ) Q4 2022 Earnings Conference Call June 15, 2022 8:30 AM ET Company Participants Nathan Judge - Investor Relations Sumant Sinha - Founder, Chairman and Chief Executive Officer Kedar Upadhye - Chief Financial Officer Vaishali Sinha - Chief Sustainability Officer, ReNew & Chair, ReNew Foundation Kailash Vaswani - President, Finance Conference Call Participants Justin Clare - ROTH Capital Partners Kody Clark - Bank of America Nikhil Nigania - Alliance Bernstein Operator Thank you for standing by and welcome to the ReNew Energy Fourth Quarter Full Year 2022 Earnings Conference Call. All participants are in a listen-only mode.

ReNew Energy Global plc (RNW) CEO Sumant Sinha on Q4 2022 Results - Earnings Call Transcript

GURUGRAM, India , June 14, 2022 /PRNewswire/ -- ReNew Energy Global plc ("ReNew" or "the Company") (Nasdaq: RNW, RNWWW), India's leading renewable energy company, today announced its consolidated results for Q4 FY22 and the fiscal year ended March 31, 2022. Operating Highlights The commissioned capacity of the Company rose by 0.13 GWs during Q4 FY22.

ReNew Announces Results for the Fourth Quarter (Q4 FY22) and Fiscal Year 2022, both ended March 31, 2022

GURUGRAM, India , June 8, 2022 /PRNewswire/ -- ReNew Energy Global plc ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced it will issue its fourth quarter (January-March 2022) earnings report for FY22 after the close of the market on June 14, 2022. A conference call has been scheduled to discuss the earnings results at 8:30 AM EDT (6:00 PM IST) on June 15, 2022.

ReNew Announces Date and Conference Call Details for Q4 FY22 Earnings Report

Signed definitive agreements to acquire over 500 MW of operating wind and solar assets Inks Power Purchase Agreement ("PPA") for 200 MW solar project with Maharashtra State Electricity Distribution Company Limited ("MSEDCL") Latest deals follow addition of ~2GW of projects in April 2022 GURUGRAM, India , June 2, 2022 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced it has signed definitive agreements to acquire an operating wind and solar portfolio of 527.9 MW, comprising 471.65 MW of wind and 56.25 MW of solar assets. The Company has also signed a PPA with MSEDCL for a 200-MW solar project.

ReNew adds over 700 MW taking total portfolio to ~12.8 GW

-  Also brings in new General Counsel, Chief Growth Officer -  Comes on back of total portfolio crossing 12 GW and strategic tie-ups in green hydrogen and battery storage GURUGRAM, India , May 10, 2022 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced it has hired a Group CFO to help drive its next phase of strong growth. ReNew has also hired a new General Counsel and a Chief Growth Officer who will help lead the company's expansion journey over the next decade, including its push into new clean energy segments such as green hydrogen.

ReNew appoints new CFO

1.5 GW of solar Power Purchase Agreements ("PPAs") signed since March 2022 with utilities, mainly SECI (1.4 GW), with projects to be located in Rajasthan 0.5 GW of long-term agreements signed with corporate buyers; assets to be set up in states of Gujarat, Maharashtra, and Rajasthan GURGAON, India , April 28, 2022 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced it has signed five solar PPAs with Solar Energy Corporation of India ("SECI") and Punjab State Power Corporation Limited ("PSPCL"), as well as multiple long-term purchase agreements with corporate buyers together totalling around 2 GW. This has seen the company's gross total portfolio jump to ~12.1 GW from 10.2 GW at the beginning of this calendar year.

ReNew's total portfolio rises close to 20% to over 12 GW

GURUGRAM, India , April 3, 2022 /PRNewswire/ -- In a bid to enable India's decarbonization push, Indian Oil Corporation Ltd., (IndianOil), the country's top refiner and fuel retailer, Larsen & Toubro (L&T), India's premier engineering & construction conglomerate, and ReNew Power ("ReNew") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen sector in India.

IndianOil, L&T and ReNew to form JV for development of Green Hydrogen Business

The Indian renewables market as a huge long-term tailwind for the company and industry as a whole.

ReNew: Value-Growth Mix But Not A Buy Yet

ReNew Energy Global plc (RNW) CEO Sumant Sinha on Q3 2022 Results - Earnings Call Transcript

GURUGRAM, India, Feb. 24, 2022 /PRNewswire/ -- ReNew Energy Global plc ("ReNew" or "the Company") (Nasdaq: RNW), India's leading renewable energy company, today announced its consolidated results for Q3 FY22 and nine months ended December 31,2021. Operating Highlights: The commissioned capacity of the Company increased by 1.1 GW during Q3 FY22 of which 0.8 GW was added organically.

ReNew Power Announces Results for the Third Quarter (Q3 FY22) and Nine Months of Fiscal 2022, both ended December 31, 2021

GURGAON, India, Feb. 18, 2022 /PRNewswire/ -- ReNew Energy Global plc ("ReNew" or "the Company") (Nasdaq: RNW, RNWWW), India's leading renewable energy company, today announced it will issue its third quarter fiscal year 2022 earnings report after the close of the market on February 24, 2022. A conference call has been scheduled to discuss the earnings results at 8:30 a.m.

ReNew Announces Date and Conference Call Details for Q3 FY 22 Earnings Report

GURGAON, India, Feb. 2, 2022 /PRNewswire/ -- ReNew Energy Global plc ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares ("Share Repurchase Program") in the capital of the Company.  In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, 2021.

ReNew Announces $250 million share buyback and Preliminary Results for Q3 FY'22

GURUGRAM, India, Jan. 27, 2022 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced that it has sold 117 MW/138 MWp of its distributed rooftop solar portfolio to Fourth Partner Energy, one of India's leading rooftop solar energy companies, for INR 6.72 billion (~$89.9 million). Fourth Partner is an investee company of TPG and Norfund.

ReNew Power Sells Rooftop Portfolio

GURGAON, India and ARLINGTON, Va., Jan. 20, 2022 /PRNewswire/ -- Fluence, a global market leader in energy storage products, services, and digital applications for renewables and storage, and ReNew Power ("ReNew") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced an agreement to form a new company to meet the needs of local customers across India that will address the fast-developing energy storage market in India.

Fluence and ReNew to set up local joint venture to boost energy storage sector in India

GURUGRAM, India, Jan. 7, 2022 /PRNewswire/ -- ReNew Energy Global Plc ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced that India Clean Energy Holdings, a Mauritian entity, and a wholly owned subsidiary of ReNew Energy Global Plc (the parent company of ReNew Power Private Limited), has raised US$400 million at 4.5% by issuing senior secured dollar notes. The dollar notes are certified green bonds by Climate Bond Initiative and will be listed on the Singapore Exchange (SGX).

ReNew raises $400 million by issuing Green Bonds

GURUGRAM, India, Dec. 21, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced it has commissioned the 300 MW SECI-6 solar project, pushing the company's total operating capacity to its highest level ever of 7.4 GW. Driving this growth is a record installation of 1.5 GW of renewable energy projects this fiscal year (FY22 YTD), despite challenges related to COVID-19 and supply chain disruptions.

ReNew reaches 7.4 GW of operating renewable energy capacity in surge of on-ground additions

GURGAON, India, Dec. 7, 2021 /PRNewswire/ -- ReNew Energy Global PLC (NASDAQ: RNW, RNWWW) announced that it has been verified as carbon neutral for its operations, which encompasses over 100 sites across India by DNV, a globally renowned provider of sustainability services. The verification was conducted for ReNew's scope 1 and scope 2 Green House Gas (GHG) emissions across its sites and facilities.

ReNew receives carbon neutral status

MUMBAI, India and GURGAON, India, Dec. 2, 2021 /PRNewswire/ -- Larsen & Toubro (L&T), India's leading engineering conglomerate, and ReNew Power ("ReNew") (NASDAQ: RNW) (NASDAQ: RNWWW) India's leading renewable energy company, today announced a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India.

L&T and ReNew announce partnership to focus on the Green Hydrogen business in India

GURGAON, India, Nov. 30, 2021 /PRNewswire/ -- ReNew Energy Global plc ("ReNew" or "the Company") (NASDAQ: RNW), today announced that it was ranked in the top 10 renewable power companies among 78 companies in the world on ESG Risk Ratings. ReNew has been rated as a 'low risk' company after a rigorous and thorough assessment process of its ESG risk exposure, management systems and performance.

ReNew rated among top 10 renewable power companies globally by Sustainalytics on ESG

ReNew Energy Global plc (RNW) CEO Sumant Sinha on Q2 2022 Results - Earnings Call Transcript

LONDON, Nov. 17, 2021 /PRNewswire/ -- ReNew Energy Global plc ("ReNew Power"), India's leading renewable energy company, today announced its consolidated results for the Q2 FY22 and H1 FY22. Operating Highlights: As of September 30, 2021, our portfolio consisted of 10,217 MWs of which 6,315 MW projects are commissioned; an increase of 15.6% over September 30, 2020 and 3,902 MW are committed, out of which power purchase agreements ("PPAs") are signed for 2,699 MWs.

ReNew Power Announces Results for the Second Quarter (Q2 FY22) and First Half of Fiscal 2022, both ended September 30, 2021 (H1 FY22)

GURGAON, India, Nov. 15, 2021 /PRNewswire/ -- ReNew ("ReNew" or "the Company") (NASADQ: RNW), India's leading renewable energy company today announced that it will issue its first half and second quarter fiscal year 2022 earnings report after the market closes on November 17, 2021. A conference call has been scheduled to discuss these earnings results at 8:30 a.m.

ReNew Announces Date and Conference Call Details for First Half and Second Quarter Fiscal Year 2022 Earnings Report

GURGAON, India, Oct. 29, 2021 /PRNewswire/ -- ReNew ("ReNew" or "the Company") (NASDAQ: RNW), India's leading renewable energy company, has been ranked 10th by Fortune Magazine in its annual "Change the World" list for 2021, the highest rank achieved by an Indian company in this year's list. The annual list by Fortune recognizes leading businesses that are working to improve human condition even as they pursue their business goal of seeking profitable growth.

ReNew ranked 10th in Fortune's Change the World list 2021

GURGAON, India, Oct. 12, 2021 /PRNewswire/ -- ReNew ("ReNew" or "the Company") (NASDAQ: RNW), India's leading renewable energy company, is hosting a virtual Capital Markets Day (Link) today from 8.30-10.00 AM Eastern Daylight Time (EDT).   ReNew's leadership comprising of the Company's Founder, Chairman and Chief Executive Officer – Sumant Sinha, Chief Financial Officer – D.

News for ReNew Energy Global PLC Stock (RNW)