ReNew Energy Global plc - RNW STOCK NEWS

ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) has successfully repaid over $1 billion to offshore bondholders in FY 2023, including a recent $180 million amortization. The company refinanced $525 million ahead of its March 2024 maturity and generated $300 million from internal cash flows. Most dollar bond maturities are now due in FY 2027 and beyond. Additionally, ReNew closed a $1 billion financing for its Round-the-Clock project, recognized as a top renewable deal. The strategic rebranding reflects its transition to a complete decarbonization solutions provider.

ReNew Energy Global Plc (NASDAQ: RNW, RNWWW) reported its consolidated results for Q3 FY23 and the nine months ending December 31, 2022. The company achieved a 19.4% increase in total revenue to INR 16,077 million (US$194 million) for Q3 FY23. Adjusted EBITDA rose 10.2% to INR 11,628 million (US$141 million). While net loss improved to INR 4,013 million from INR 6,384 million year-over-year, cash flow to equity decreased by 47.3% to INR 2,682 million. The year's guidance estimates Adjusted EBITDA between INR 61,000 - 63,000 million and Cash Flow to Equity of INR 15,000 - 17,000 million.

ReNew Power has rebranded itself as ReNew, reflecting its evolution from a renewable Independent Power Producer to a comprehensive solutions provider for decarbonisation. This strategic shift aims to enhance its offerings in green hydrogen, energy storage, carbon markets, and solar manufacturing to support global Net-Zero goals. With a clean energy portfolio of approximately 13.4 GWs as of September 30, 2022, ReNew is positioned as a leader in India's energy services sector. The company leverages digital technologies to meet diverse B2B market needs, reinforcing its goal of a swift, ethical transition to clean energy.

ReNew Energy Global plc (NASDAQ: RNW, RNWWW) announced it will release its third quarter fiscal year 2023 earnings report for the period ending December 2022 on February 16, 2023, after market close. A conference call is scheduled for February 17, 2023, at 8:30 AM ET to discuss the earnings results, accessible via phone and online. ReNew is a leading renewable energy company in India, with a total portfolio of approximately 13.4 GW of renewable energy projects, demonstrating its commitment to sustainable energy development.

ReNew Power (NASDAQ: RNW) announced a significant 150 MW renewable energy agreement with Microsoft India, marking one of the largest such deals in India. The clean energy will be sourced from a new solar site near Bikaner. This partnership aligns with Microsoft's goal of sourcing 100% renewable energy by 2025 and highlights the growing trend of corporates adopting renewable energy solutions. ReNew continues to expand its portfolio, boasting approximately 13.4 GW of renewable energy projects as of September 30, 2022.

ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) reported its Q2 FY23 results ending September 30, 2022. The company secured 1 GW of Purchase Power Agreements, enhancing its total portfolio to 13.4 GW, a 30.8% year-on-year increase. Total revenue reached INR 22,409 million (US$ 275 million), marking a 5.1% growth over Q2 FY22. Despite the revenue growth, ReNew recorded a net loss of INR 986 million (US$ 12 million), improved from a loss of INR 6,614 million (US$ 81 million) in Q2 FY22. The company reaffirmed its FY23 guidance for Adjusted EBITDA between INR 66,000 – 69,000 million.

ReNew Energy Global plc (NASDAQ: RNW, RNWWW), a leading renewable energy company in India, will release its Q2 FY 2023 earnings report on November 15, 2022, after market close. A conference call to discuss the results is scheduled for November 16, 2022, at 8:30 AM ET. ReNew operates a substantial portfolio of ~13.4 GW of renewable energy projects across India, including wind, solar, and hydro energy. Investors and stakeholders can access the conference call details and an audio replay through the company’s investor relations website.