ReNew Energy Global plc Warrant - RNWWW STOCK NEWS

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.

ReNew Energy Global plc partners with JERA to evaluate Joint Development of Green Ammonia Project in India. The partnership aims to produce 100,000 tons of green ammonia annually by 2030 using 500 MW of renewable energy. This collaboration aligns with India's National Green Hydrogen Mission and Japan's clean energy goals, showcasing a commitment to decarbonization and sustainability.

ReNew, a leading clean energy company in India, achieves a significant milestone by crossing 10 GW capacity with 1.94 GW added in FY24. The company contributes 10 percent of India's total RE generation, has a strong wind portfolio, and plans to double its RE assets by 2027/28. ReNew is financially robust with a balance sheet size of around US$10.6 billion (~INR 88,600 crore) and has notable B2B customers like Amazon and Microsoft.

ReNew Energy Global Plc announced its unaudited consolidated IFRS results for Q3 FY24 and nine months ended December 31, 2023. The Company's portfolio grew to 13.8 GWs, with total income for the first nine months of FY24 at INR 72,414 million. Net profit for the same period was INR 3,538 million. Adjusted EBITDA reached INR 52,406 million. The Company reported a net loss of INR 3,216 million for Q3 FY24. ReNew Energy increased its FY24 Adjusted EBITDA guidance range and expects revenue generation from completed projects to rise by the end of Fiscal Year 2024.

ReNew Energy Global plc (RNW) will release its Q3 FY2024 earnings report on February 20, 2024. A conference call is scheduled to discuss the results. Investors can access the call live or through an audio replay on the investor relations website.

ReNew Energy Global plc (RNW) announces the refinancing of Non-Convertible Debentures (NCDs) worth INR 23,910 million, reducing interest costs by more than 200 basis points. The company secures a 15-year project finance from one of India’s largest financial institutions. The move involves redeeming USD bonds ahead of maturity and obtaining a long-term amortising project loan from a leading non-banking financial company (NBFC) at an interest cost of less than 9%, extending maturities on existing debt and reducing refinancing risk.

ReNew (NASDAQ: RNW, RNWWW) to sell 300 MW solar project in Rajasthan to India Grid Trust for $199 million, aligning with the company's strategy to enhance shareholder value through capital recycling. The transaction is expected to result in a cash inflow of approximately $82 million for ReNew, including change-in-law proceeds.