ReNew Energy Global plc - RNW STOCK NEWS

ReNew Energy Global (Nasdaq: RNW) reported strong Q2 FY25 results with a 31% YoY increase in net profit to INR 4,939 million (US$ 59 million). The company's portfolio expanded to ~15.6 GWs, up from ~13.8 GWs YoY, with commissioned capacity growing 21.8% to ~10.1 GWs. Total revenue reached INR 29,887 million (US$ 357 million), while Adjusted EBITDA rose to INR 24,209 million (US$ 289 million). ReNew reiterated its FY25 guidance, expecting to complete 1,900-2,400 MWs construction and achieve Adjusted EBITDA of INR 76-82 billion.

ReNew's Founder, Chairman and CEO Sumant Sinha has been named to the 2024 TIME100 Climate List, recognizing his contributions to India's clean energy transition. Under his leadership, ReNew has become one of India's leading renewable energy companies, reaching 10 GW of operating clean energy assets in 2024, representing approximately 10% of India's total solar and wind power generation. The company achieved this milestone in just thirteen years since its founding, making it one of the fastest clean energy companies to reach this level of operations.

ReNew Energy Global (NASDAQ: RNW) has scheduled its second quarter fiscal year 2025 earnings report release for November 19, 2024, after Nasdaq's closing. The company will host a conference call to discuss the results on November 20, 2024, at 8:30 AM EST (7:00 PM IST). ReNew, India's leading renewable energy company, has provided international dial-in numbers for investors and stakeholders to participate in the earnings discussion. An audio replay will be available on the company's investor relations website following the call.

ReNew (NASDAQ: RNW), India's leading renewable energy company, has signed a 437.6 MW green attribute sale contract with Microsoft. This agreement, one of the largest corporate renewable energy deals in India, is expected to generate over one million units of green electricity attributes annually, supporting Microsoft's goal to be carbon-negative by 2030.

As part of the deal, ReNew will allocate approximately $15 million of revenue towards a community fund for environmental justice initiatives, focusing on women's livelihoods, rural electrification, and other community concerns. This initiative aligns with Microsoft's Environmental Justice priorities and will be implemented through ReNew Foundation.

The agreement is part of ReNew's recent signings totaling ~2.2 GW, increasing its portfolio to 15.6 GW. ReNew aims to double its renewable energy asset portfolio to over 21 GW by FY29, solidifying its role in India's clean energy transition.

ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) announced its Q1 FY25 results, highlighting a 24% year-over-year increase in operating capacity. The company's portfolio grew to ~15.6 GWs, with ~9.6 GWs commissioned and ~6.0 GWs committed. Revenue for Q1 FY25 reached INR 22,811 million (US$ 274 million), up from INR 21,250 million in Q1 FY24. However, net profit decreased to INR 394 million (US$ 5 million) from INR 2,983 million in the previous year. Adjusted EBITDA slightly improved to INR 18,979 million (US$ 228 million). ReNew reiterated its FY25 guidance, expecting to complete 1,900 to 2,400 MWs of construction and projecting Adjusted EBITDA of INR 76 – 82 billion and Cash Flow to Equity of INR 12 – 14 billion.

ReNew Energy Global plc (NASDAQ: RNW, RNWWW), India's leading renewable energy company, has announced the release date for its first quarter fiscal year 2025 earnings report. The report will be issued after the close of Nasdaq on August 15, 2024. A conference call to discuss the results is scheduled for August 16, 2024, at 8:30 AM ET (6:00 PM IST).

Investors and analysts can access the conference call live via webcast or by phone. International toll-free numbers are provided for various countries. An audio replay of the call will be available on ReNew's investor relations website following the event.

ReNew Energy Global Plc (NASDAQ: RNW), India's leading decarbonization solutions provider, has released its first Annual Integrated Report for FY 2023-24. The report, titled 'Innovating Clean Energy Solutions', aligns with the International Integrated Reporting Council Framework and the EU taxonomy, with 97.79% of capital expenditure aligned with this classification. Key highlights include:

- Crossed 10 GW set up cumulative capacity
- Recorded a net profit of INR 4,147 million (US$ 50 million)
- Mitigated 16 million tonnes of CO2e, accounting for ~0.6% of India's total carbon emissions
- Achieved carbon neutrality for Scope 1 and 2 emissions for the fourth consecutive year
- 40% gender diversity at the Board level
- 358 million liters of water saved, a ~13% increase YoY
- Certified as a 'Great Place to Work' for the fourth consecutive year

ReNew aims to double its aggregate portfolio to ~21 GW in the next five years, focusing on expanding its footprint in India and select emerging markets globally.

ReNew Energy Global Plc (NASDAQ: RNW, RNWWW) has announced its third Annual General Meeting (AGM) scheduled for September 20, 2024 in London, UK. The AGM will address four key resolutions: receiving the annual reports and accounts, approving the directors' remuneration report, re-appointing KNAV as auditors, and authorizing the Board and Audit Committee to determine auditor remuneration. Only shareholders of record as of August 8, 2024 will be eligible to attend and vote. The AGM notice and annual reports are expected to be published around August 12, 2024, and will be available on ReNew's investor relations website.

ReNew Energy Global Plc (NASDAQ: RNW, RNWWW), a leading renewable energy company, has filed its annual report on Form 20-F for the financial year ended March 31, 2024, with the U.S. Securities and Exchange Commission (SEC). This important financial document is now accessible to investors and the public through multiple channels:

1. ReNew's Investor Relations website: https://investor.renew.com
2. SEC's official website: www.sec.gov

In a move to ensure transparency and accommodate shareholder preferences, ReNew has announced that it will provide hard copies of these documents free of charge to all shareholders upon request.