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ReNew Energy Global plc - RNW STOCK NEWS

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.

News

COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker

Rhea-AI Summary
ReNew Energy Global Plc (RNW) named Clean Energy Transition Changemaker by COP28 Presidency for its Round-the-Clock Power Project, a first-of-its-kind initiative in India. Sumant Sinha, Founder, Chairman, and CEO, expresses pride in the recognition, highlighting ReNew's leadership and innovation in the renewable energy sector.
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ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion

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ReNew Energy Global Plc (RNW) signs a landmark MoU with the Asian Development Bank (ADB) at COP28, Dubai, for over US$ 5.3 billion in decarbonization projects between 2023 and 2028, aiming to support India's target of achieving 500 GW of renewable capacity by 2030. The MoU reinforces ReNew's position as a leading renewable energy player in India, with a portfolio of almost 14 GW of clean energy capacity, positioning the company among the top 10 clean energy companies globally, excluding China.
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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

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ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) announced its unaudited IFRS results for the three-month period ended September 30, 2023. The Company's portfolio grew to 13.8 GWs, with total income for H1 FY24 at INR 53,291 million. Net profit for H1 FY24 was INR 6,754 million, and adjusted EBITDA was INR 39,897 million. Q2 FY24 saw total income of INR 28,632 million and net profit of INR 3,771 million. The company raised the lower end of its FY24 Adjusted EBITDA guidance range by 3% and expects to complete construction of 1,750 to 2,250 MWs by the end of Fiscal Year 2024.
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ReNew Successfully Commissions Its First Interstate Transmission Scheme (ISTS) Project Following Investment From Norfund and KLP

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ReNew Power, Inc. (RNW) Signs $9m Investment Agreement with Norwegian Climate Investment Fund and KLP for Transmission Projects in Karnataka, India
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ReNew Announces Date and Conference Call Details for Q2 FY 24 Earnings Report

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ReNew Energy Global plc (RNW) Announces Q2 Fiscal Year 2024 Earnings Report and Conference Call
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ReNew Releases Third Sustainability Report: Driving Decarbonisation

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ReNew Energy Global Plc (RNW) released its Sustainability Report for FY22-23, 'Driving Decarbonisation', highlighting its net-zero targets by 2040, significant carbon emissions reductions, water savings, clean energy production, and gender diversity on the Board. The report also emphasizes the company's commitment to CSR programs that have benefited over one million lives in 500 villages across India.
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ReNew recognised in Top 15 Climate Tech Companies to Watch

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ReNew recognized as a top climate tech company by MIT Technology Review.
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USISPF, ReNew and the Consulate General of India Bring Together Business and Government Leaders to Discuss U.S.- India Climate Partnership

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US-India roundtable on climate partnership and emerging opportunities held during Climate Week 2023 in NYC. Increased collaboration in clean energy between US and India. Priority is to help nations meet 2030 emission reduction targets. India's leadership in climate action highlighted. US-India partnership on climate has potential for resilience, innovation, and sustainable growth. Robust bilateral sustainability agenda will impact 2030 climate goals. US and India emphasize hydrogen as critical energy source for decarbonization.
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ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India

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ReNew Energy Global Plc announces CGI Commitment to Action to boost clean energy production and youth education.
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ReNew Appoints Kailash Vaswani as Chief Financial Officer

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ReNew Energy Global plc's Chief Financial Officer, Mr. Kedar Upadhye, has resigned to pursue an opportunity outside the company. His resignation will be effective on October 30, 2023. Mr. Kailash Vaswani has been appointed as the new CFO, effective from October 31, 2023. Mr. Vaswani has been instrumental in raising over US$15 billion of debt and equity for the company since its inception. The company's Founder, Chairman, and CEO, Mr. Sumant Sinha, expressed regret at Mr. Upadhye's departure but praised Mr. Vaswani's capabilities. No concrete business takes affecting stock price were identified in the PR.
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FAQ

What is the current stock price of ReNew Energy Global plc (RNW)?

The current stock price of ReNew Energy Global plc (RNW) is $5.49 as of November 20, 2024.

What is the market cap of ReNew Energy Global plc (RNW)?

The market cap of ReNew Energy Global plc (RNW) is approximately 1.9B.

What is ReNew Energy Global plc?

ReNew Energy Global plc is a leading developer and operator of clean energy projects in India, focusing on sustainable and socially responsible energy solutions.

What is the installed capacity of ReNew Energy Global plc?

ReNew Energy Global plc has an installed and operational capacity of 500 MW across various states in India.

What new projects is ReNew Energy Global plc working on?

ReNew Energy is currently expanding its portfolio with an additional 500 MW of wind energy projects and 250 MW of utility-scale solar projects under construction.

What is the mission of ReNew Energy Global plc?

The company's mission is to lead a change in India’s energy portfolio by providing cleaner and smarter energy choices and reducing the carbon footprint.

In which states does ReNew Energy Global plc operate its projects?

ReNew Energy operates in Maharashtra, Rajasthan, Karnataka, Gujarat, Madhya Pradesh, Andhra Pradesh, and Telangana.

How does ReNew Energy contribute to addressing climate change?

ReNew Energy contributes to climate change mitigation by generating renewable energy, digitalizing energy solutions, offering energy storage, and engaging in carbon markets.

What types of energy solutions does ReNew Energy provide?

The company provides clean energy, value-added energy offerings through digitalization, energy storage, and solutions in carbon markets.

How can I stay updated on ReNew Energy Global plc’s news?

You can stay updated with the latest news and developments about ReNew Energy Global plc by visiting StockTitan.

Is ReNew Energy involved in any utility-scale solar projects?

Yes, ReNew Energy is currently developing utility-scale solar projects with a pipeline of 250 MW under construction.

What is the significance of ReNew Energy Global plc in India's energy sector?

ReNew Energy Global plc plays a pivotal role in meeting India's energy needs sustainably, thus reducing the country's carbon footprint and promoting a greener future.

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ReNew Energy Global plc

Nasdaq:RNW

RNW Rankings

#2005 Ranked by Market Cap
N/A Ranked by Dividends

RNW Stock Data

1.94B
322.40M
15.75%
83.47%
1.91%
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