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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.

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ReNew Energy Global Plc announced Q1 FY24 results with total income of INR 24,659 million (US$ 300 million) and net profit of INR 2,983 million (US$ 36 million). Adjusted EBITDA for Q1 FY24 was INR 18,599 million (US$ 227 million). ReNew Energy expects to complete construction of 1,750 to 2,250 MW's by the end of FY24. Conference call scheduled for Aug 21, 2023 at 8:30 AM ET.
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ReNew Energy Global Plc has filed its annual report on form 20-F for the financial year ended March 31, 2023, with the Securities and Exchange Commission of the United States.
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ReNew Energy Global Plc and Gentari have signed a term sheet to collaborate on a 50:50 joint venture in clean energy solutions. The collaboration aims to achieve a target of 5 GW in renewable energy capacity and accelerate decarbonisation objectives. Gentari plans to build over 30 GW in renewable energy capacity by 2030. ReNew aims to meet its net zero target by 2040.
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ReNew Energy Global Plc announced the appointment of three new Non-Executive Independent Directors to its Board. The new appointments will increase gender diversity and bring in fresh perspectives. The retiring Directors have completed their terms and their departure was not due to any disagreement with the company.
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Renew Energy Global Plc announces Q4 FY23 and FY23 results, with a 28.2% increase in portfolio and 47.1% increase in Q4 revenue. Partnership with PETRONAS' clean energy subsidiary Gentari. FY24 guidance includes construction completion of 1,750 to 2,250 MWs.
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ReNew Energy Global Plc has successfully raised $400 million through its wholly-owned subsidiary Diamond II Limited by issuing senior secured green bonds. The issuance marks the reopening of India's high-yield market after over a year, with the order book oversubscribed about 4 times, attracting more than $1.5 billion in demand, resulting in a 35bps tightening of pricing. The bonds carry a coupon rate of 7.95 percent and have been rated Ba3 by Moody's and BB- by Fitch. Proceeds will refinance existing debt and support various growth initiatives. ReNew has repaid over $1 billion to offshore bondholders during FY2023 and aims to further enhance its position as a leader in the renewable energy sector.

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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 $5.63 as of November 21, 2024.

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

The market cap of ReNew Energy Global plc (RNW) is approximately 2.1B.

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.

ReNew Energy Global plc

Nasdaq:RNW

RNW Rankings

RNW Stock Data

2.08B
322.40M
15.75%
83.47%
1.91%
Utilities - Renewable
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