Welcome to our dedicated page for ReNew Energy Global plc news (Ticker: RNW), a resource for investors and traders seeking the latest updates and insights on ReNew Energy Global plc stock.
ReNew Energy Global plc (symbol: RNW) is a prominent developer and operator of clean energy projects, committed to addressing India's growing energy needs with a focus on sustainability and social responsibility. As one of the largest clean energy companies in India, ReNew Energy Global plc has an impressive installed and operational capacity of 500 MW across Maharashtra, Rajasthan, Karnataka, and Gujarat.
The company is currently expanding its portfolio with an additional 500 MW of wind energy projects under construction, showcasing its dedication to renewable energy. Moreover, ReNew Energy has made significant strides in the utility-scale solar sector, with a 250 MW pipeline of projects under construction in Madhya Pradesh, Andhra Pradesh, and Telangana.
ReNew Energy Global plc's mission is to lead the transformation of India’s energy portfolio by delivering cleaner and smarter energy solutions. By doing so, the company aims to significantly reduce India's carbon footprint. The company's commitment to innovation and efficiency is evident through its reliable generation of non-conventional power and its comprehensive approach to value-added energy services.
Besides its core business of clean energy generation, ReNew Energy also provides advanced solutions in digitalization, energy storage, and carbon markets. These initiatives are increasingly important for addressing climate change and ensuring a sustainable future. ReNew Energy Global plc’s multifaceted approach not only meets current energy demands but also contributes to a more sustainable and inclusive energy ecosystem.
For the latest updates and detailed information on ReNew Energy Global plc’s performance and developments, visit StockTitan.
ReNew Energy Global reported its unaudited financial results for Q4 FY24 and the full fiscal year ended March 31, 2024. The company’s portfolio stood at ~13.5 GWs as of March 2024, with ~9.5 GWs generating revenue. For FY24, ReNew's total revenue was INR 96,531 million (US$ 1,158 million), up from INR 89,309 million (US$ 1,072 million) in FY23. The net profit for FY24 was INR 4,147 million (US$ 50 million), compared to a net loss of INR 5,029 million (US$ 60 million) in FY23. Adjusted EBITDA for FY24 was INR 69,216 million (US$ 831 million), and Cash Flow to Equity was INR 13,665 million (US$ 164 million).
For Q4 FY24, total revenue was INR 24,776 million (US$ 297 million). The net profit for Q4 FY24 was INR 609 million (US$ 7 million). Adjusted EBITDA for Q4 FY24 was INR 16,810 million (US$ 202 million). ReNew provided guidance for FY25, including an Adjusted EBITDA of INR 76-82 billion and CFe of INR 12-14 billion. The company expects a gross operating capacity of 15-16 GWs by FY27 and 19-20 GWs by FY29.
ReNew Energy Global (NASDAQ: RNW, RNWWW), India's leading renewable energy company, will release its Q4 and fiscal year 2024 earnings after the Nasdaq closes on June 05, 2024. The company will host a 90-minute conference call at 8:00 AM EDT (5:30 PM IST) on June 06, 2024, to discuss business trends and future outlook. The call is accessible via live stream and phone across multiple countries. Details for accessing the call and the subsequent audio replay are available on ReNew's investor relations website.
ReNew, a leading renewable energy company (NASDAQ: RNW), has signed a Memorandum of Understanding (MoU) with Societe Generale to finance and develop strategic energy transition projects in India and globally.
The MoU outlines up to USD 1 billion in support over the next three years, focusing on debt financing and advisory solutions.
Both parties will leverage their expertise to advance large-scale energy projects, including solar, wind, complex renewables, green hydrogen, energy storage, and solar module manufacturing.
This collaboration aims to accelerate the deployment of renewable energy projects and contribute to India's net-zero goals.
ReNew, India's leading renewable energy company, (NASDAQ: RNW), signed five Power Purchase Agreements (PPAs) totaling ~2.2 GW, expanding its renewable energy portfolio to 15.6 GW. The company also received Letter of Awards for an additional ~5.8 GW. ReNew's commitment to India's renewable energy goals is evident in these significant agreements, contributing to a cleaner future and financial benefits for the company and its shareholders.
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