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ReNew Energy Global PLC is a developer and operator of clean energy projects with a focus on meeting India's growing energy needs in an efficient, sustainable, and socially responsible manner. The company offers end-to-end solutions in clean energy and value-added energy services, including digitalization, storage, and carbon markets to address climate change.
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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.
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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.
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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 $82 million for ReNew, including change-in-law proceeds.
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ReNew Energy Global Plc (RNW) named Clean Energy Transition Changemaker by COP28 Presidency for its Round-the-Clock Power Project, a first-of-its-kind initiative in India. Sumant Sinha, Founder, Chairman, and CEO, expresses pride in the recognition, highlighting ReNew's leadership and innovation in the renewable energy sector.
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ReNew Energy Global Plc (RNW) signs a landmark MoU with the Asian Development Bank (ADB) at COP28, Dubai, for over US$ 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 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 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 Energy Global plc (RNW) Announces Q2 Fiscal Year 2024 Earnings Report and Conference Call
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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 recognized as a top climate tech company by MIT Technology Review.
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FAQ
What is the current stock price of Renew Energy Global Plc (RNWWW)?
The current stock price of Renew Energy Global Plc (RNWWW) is $0.12 as of March 3, 2025.
What is ReNew Energy Global PLC?
ReNew Energy Global PLC is a developer and operator of clean energy projects in India, focusing on sustainable and socially responsible energy solutions.
What are the core services provided by ReNew Energy Global PLC?
ReNew Energy Global PLC offers end-to-end solutions in clean energy and value-added energy services, including digitalization, storage, and carbon markets to combat climate change.
What is the mission of ReNew Energy Global PLC?
ReNew Energy Global PLC aims to play a key role in meeting India's growing energy needs efficiently and sustainably, while reducing the country's carbon footprint.
What are some of the projects undertaken by ReNew Energy Global PLC?
ReNew Energy Global PLC has multiple clean energy projects with a focus on wind and utility-scale solar energy, currently operational and under construction across various states in India.
How does ReNew Energy Global PLC create value?
ReNew Energy Global PLC generates value through reliable and efficient generation of non-conventional power, leading the way in cleaner and smarter energy choices.
What sets ReNew Energy Global PLC apart from other companies in the clean energy sector?
ReNew Energy Global PLC is known for its commitment to delivering cleaner and smarter energy choices, driving change in India's energy portfolio.
What is the vision of ReNew Energy Global PLC?
ReNew Energy Global PLC aims to lead a positive change in India's current energy landscape, focusing on efficiency, sustainability, and social responsibility.
How does ReNew Energy Global PLC contribute to reducing India's carbon footprint?
ReNew Energy Global PLC contributes to reducing India's carbon footprint by providing clean energy solutions and promoting sustainable practices in the energy sector.
What are some of the upcoming projects of ReNew Energy Global PLC?
ReNew Energy Global PLC has a pipeline of projects in utility-scale solar energy, with ongoing construction in multiple states, including Madhya Pradesh, Andhra Pradesh, and Telangana.
How does ReNew Energy Global PLC address climate change?
ReNew Energy Global PLC addresses climate change by offering end-to-end solutions in clean energy and value-added energy services, playing a crucial role in combating climate change.
What is the installed and operational capacity of ReNew Energy Global PLC?
ReNew Energy Global PLC has an installed and operational capacity of 500 MW across multiple states in India, with additional wind energy projects currently under construction.
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