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ReNew Becomes India’s Highest-rated Pure-play Renewable Energy Company in S&P Global’s Corporate Sustainability Assessment

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ReNew Energy Global (NASDAQ: RNW) has achieved a significant milestone by securing the highest score for a pure-play renewable energy company in India's power sector in the S&P Global Corporate Sustainability Assessment (CSA). The company scored 71 out of 100, marking a remarkable ~30% improvement from its previous score of 55 in FY 2023.

This achievement positions ReNew in the top 10 percentile of the global energy sector, making it one of only two energy companies in India to exceed the '70' score threshold. The company's success is attributed to its focus on sustainable practices, transparency, and strong ESG culture.

Additionally, ReNew has recently signed three Power Purchase Agreements (PPAs) with a combined Renewable Energy capacity of ~1.1 GW, expanding its total portfolio to 17.4 GW on a gross basis. These agreements include a 50 MW solar PPA with SECI, a 200 MW RTC PPA with REMCL, and a ~250 MW FDRE PPA with NHPC

ReNew Energy Global (NASDAQ: RNW) ha raggiunto un traguardo significativo ottenendo il punteggio più alto per una società di energia rinnovabile pura nel settore energetico indiano nell'S&P Global Corporate Sustainability Assessment (CSA). L'azienda ha registrato un punteggio di 71 su 100, segnando un miglioramento notevole di circa il 30% rispetto al punteggio precedente di 55 nell'anno fiscale 2023.

Questo risultato colloca ReNew nel 10% migliore del settore energetico globale, rendendola una delle sole due aziende energetiche in India a superare la soglia del punteggio '70'. Il successo dell'azienda è attribuito alla sua attenzione per le pratiche sostenibili, la trasparenza e una forte cultura ESG.

Inoltre, ReNew ha recentemente firmato tre Contratti di Acquisto di Energia (PPA) con una capacità totale di energia rinnovabile di circa 1,1 GW, espandendo il suo portafoglio totale a 17,4 GW su base lorda. Questi accordi includono un PPA solare da 50 MW con SECI, un PPA RTC da 200 MW con REMCL e un PPA FDRE di circa 250 MW con NHPC.

ReNew Energy Global (NASDAQ: RNW) ha logrado un hito significativo al obtener la puntuación más alta para una empresa de energía renovable pura en el sector energético de India en la Evaluación de Sostenibilidad Corporativa de S&P Global (CSA). La compañía obtuvo 71 de 100, lo que marca una notable mejora de aproximadamente el 30% desde su puntuación anterior de 55 en el ejercicio fiscal 2023.

Este logro posiciona a ReNew en el 10% superior del sector energético global, convirtiéndola en una de las únicas dos empresas de energía en India que superan el umbral de puntuación '70'. El éxito de la empresa se atribuye a su enfoque en prácticas sostenibles, transparencia y una sólida cultura ESG.

Además, ReNew ha firmado recientemente tres Acuerdos de Compra de Energía (PPA) con una capacidad combinada de Energía Renovable de aproximadamente 1,1 GW, ampliando su cartera total a 17,4 GW de manera bruta. Estos acuerdos incluyen un PPA solar de 50 MW con SECI, un PPA RTC de 200 MW con REMCL y un PPA FDRE de aproximadamente 250 MW con NHPC.

ReNew Energy Global (NASDAQ: RNW)는 S&P Global Corporate Sustainability Assessment (CSA)에서 인도의 전력 부문에서 순수 재생 가능 에너지 회사로 가장 높은 점수를 확보함으로써 중요한 이정표를 달성했습니다. 회사는 100점 중 71점을 기록하여 2023 회계연도 이전 점수 55점에서 약 30% 개선된 성과를 보였습니다.

이 성과는 ReNew를 글로벌 에너지 섹터의 상위 10%에 위치시키며 '70' 점수 기준을 초과하는 유일한 두 개의 인도 에너지 회사 중 하나로 만듭니다. 회사의 성공은 지속 가능한 실천, 투명성, 그리고 강력한 ESG 문화에 기인하고 있습니다.

또한, ReNew는 최근 1.1 GW의 총 재생 가능 에너지 용량을 갖춘 세 개의 전력 구매 계약(PPA)을 체결하여 총 포트폴리오를 17.4 GW로 확대했습니다. 이 계약에는 SECI와의 50 MW 태양광 PPA, REMCL과의 200 MW RTC PPA, NHPC와의 약 250 MW FDRE PPA가 포함됩니다.

ReNew Energy Global (NASDAQ: RNW) a atteint un jalon significatif en obtenant le plus haut score pour une entreprise d'énergie renouvelable pure dans le secteur de l'électricité en Inde lors de l'évaluation de durabilité des entreprises de S&P Global (CSA). L'entreprise a obtenu 71 sur 100, marquant une amélioration remarquable d'environ 30% par rapport à son précédent score de 55 au cours de l'exercice 2023.

Cette réalisation positionne ReNew dans le dix pour cent supérieur du secteur de l'énergie mondial, en faisant l'une des deux seules entreprises énergétiques en Inde à dépasser le seuil de score '70'. Le succès de l'entreprise est attribué à son attention portée aux pratiques durables, à la transparence et à une culture ESG forte.

De plus, ReNew a récemment signé trois accords d'achat d'électricité (PPA) avec une capacité combinée d'énergie renouvelable d'environ 1,1 GW, élargissant son portefeuille total à 17,4 GW sur une base brute. Ces accords incluent un PPA solaire de 50 MW avec SECI, un PPA RTC de 200 MW avec REMCL et un PPA FDRE d'environ 250 MW avec NHPC.

ReNew Energy Global (NASDAQ: RNW) hat einen bedeutenden Meilenstein erreicht, indem es die höchste Punktzahl für ein Unternehmen der erneuerbaren Energien im indischen Energiesektor im Rahmen der S&P Global Corporate Sustainability Assessment (CSA) erzielt hat. Das Unternehmen erzielte 71 von 100 Punkten, was eine bemerkenswerte Verbesserung von etwa 30% gegenüber der vorherigen Punktzahl von 55 im Geschäftsjahr 2023 darstellt.

Dieser Erfolg positioniert ReNew im obersten 10% des globalen Energiesektors und macht es zu einem der einzigen zwei Energieunternehmen in Indien, das die Schwelle von '70' Punkten überschreitet. Der Erfolg des Unternehmens ist auf seinen Fokus auf nachhaltige Praktiken, Transparenz und eine starke ESG-Kultur zurückzuführen.

Darüber hinaus hat ReNew kürzlich drei Stromabnahmeverträge (PPA) mit einer kombinierten Kapazität von etwa 1,1 GW unterzeichnet und sein Gesamtportfolio auf 17,4 GW erhöht. Diese Verträge umfassen einen 50-MW-Solar-PPA mit SECI, einen 200-MW-RTC-PPA mit REMCL und einen PPA von etwa 250 MW mit NHPC.

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ReNew has scored 71, registering a remarkable ~30% enhancement in its score

This achievement places ReNew in the top 10 percentile of the global energy sector

GURUGRAM, India--(BUSINESS WIRE)-- ReNew Energy Global Plc ("ReNew") (NASDAQ: RNW), India’s leading decarbonization solutions provider, has secured the highest score for a pure-play renewable energy company in the Indian power sector in the recently released S&P Global Corporate Sustainability Assessment (CSA) results. Demonstrating a remarkable leap in its Environmental, Social, and Governance (ESG) performance, ReNew scored an impressive 71 out of 100, registering an extraordinary growth of almost 30% from its FY 2023 score of 55.

This achievement places ReNew in the top 10 percentile of the global energy sector* and marks a ground-breaking milestone as one of the two energy companies in India to surpass the '70' score threshold.

Speaking on this milestone, Vaishali Nigam Sinha, Co-Founder and Chairperson - Sustainability, ReNew, said, “Becoming the highest-rated pure-play renewable energy company in India in the S&P Global CSA ratings is a defining moment for ReNew and solidifies our position as a sustainability leader in the Indian power sector. This achievement highlights our constant focus on sustainable practices, transparency, and fostering a robust ESG culture. It reflects our unwavering commitment to setting new benchmarks for the energy transition in India.”

ReNew’s impressive performance in the CSA reflects its commitment to sustainable and responsible business operations. The Company’s adoption of Integrated Reporting and its continuous improvements in transparency and disclosures have played a key role in achieving this distinction.

As one of the world’s oldest and most trusted ESG rating systems, the S&P Global CSA underscores ReNew’s leadership in decarbonisation and its role as a pioneer in India’s energy transition.

Other events

ReNew signed 3 Power Purchase agreements (PPAs) with a combined Renewable Energy capacity of ~1.1 GW, taking its total portfolio as of January 8, 2025, to 17.4** GW on a gross basis. The PPAs include a 50 MW solar PPA with the Solar Energy Corporation of India (“SECI”) at INR 2.60 per unit, a 200 MW RTC PPA (RE ~600 MW) with Railway Energy Management Company Limited (“REMCL”) at INR 4.37 per unit, and a ~250 MW FDRE PPA (~RE 500 MW) with NHPC Limited at INR 4.64 per unit.

About ReNew

ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~17.4** GWs on a gross basis as of January 8, 2025, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, digitalization, storage, and carbon markets.

For more information, visit http://www.renew.com and follow us on LinkedIn, Facebook, Twitter and Instagram.

*As of 8th January 2025, 67% of 261 companies have been assessed for CSA 2024
**Includes 300 MW SECI solar asset, for which a definitive sale agreement was signed in December 2024

Press Enquiries

Shilpa Narani | shilpa.narani@renew.com

Investor Enquiries

Anunay Shahi, Nitin Vaid | ir@renew.com

Source: ReNew Energy Global Plc

FAQ

What score did ReNew (RNW) achieve in the 2024 S&P Global Corporate Sustainability Assessment?

ReNew achieved a score of 71 out of 100 in the S&P Global Corporate Sustainability Assessment, representing a 30% improvement from its FY 2023 score of 55.

How many new Power Purchase Agreements (PPAs) did ReNew (RNW) sign in early 2024?

ReNew signed three new Power Purchase Agreements (PPAs) with a combined Renewable Energy capacity of approximately 1.1 GW.

What is ReNew's (RNW) total portfolio capacity as of January 2024?

ReNew's total portfolio reached 17.4 GW on a gross basis as of January 8, 2024.

What are the details of ReNew's (RNW) recent Power Purchase Agreements?

ReNew signed a 50 MW solar PPA with SECI at INR 2.60 per unit, a 200 MW RTC PPA with REMCL at INR 4.37 per unit, and a ~250 MW FDRE PPA with NHPC at INR 4.64 per unit.

How does ReNew's (RNW) CSA score compare to other Indian energy companies?

ReNew is one of only two energy companies in India to surpass the '70' score threshold in the S&P Global Corporate Sustainability Assessment.

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