ReNew
ReNew Energy Global Plc is a Nasdaq-listed Indian renewable energy producer operating an integrated utility-scale solar, wind, storage, and corporate decarbonization platform (~20.2 GW portfolio, 9% of India's RE) serving utilities, C&I customers, and hyperscalers like Microsoft, Amazon, and Google.
- Company typePublic
- Founded2011
- HeadquartersGurugram, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What ReNew does
ReNew Energy Global Plc (Nasdaq: RNW) is one of India's largest renewable energy producers, operating an integrated decarbonization platform that spans utility-scale solar, wind, hydropower, and Round-the-Clock (RTC) hybrid generation with battery energy storage, transmission infrastructure, vertically integrated solar PV manufacturing (modules, cells, and a 6.5 GW ingot-wafer facility under construction), and corporate net-zero solutions. As of May 2026 the company reported a ~20.2 GW total portfolio with ~12.6 GW commissioned across 150+ utility-scale projects in 9 Indian states, supplying 9% of India's total renewable energy and avoiding 18.6 million tons of GHG emissions.
The business generates revenue primarily through long-term (20-25 year) Power Purchase Agreements with state and central utilities (including SECI) for utility-scale generation, complemented by the ReNew Green C&I platform that holds 2.5 GW of committed capacity with ~1.3 GW under long-term PPAs to global technology firms (Microsoft, Amazon, Google) and other corporates. Additional revenue streams include solar PV module and cell sales, green hydrogen and BESS offerings, a CERC-licensed power trading arm (ReNew Energy Markets), transmission assets under regulated tariff mechanism, and capital-markets activities via a GIFT City IFSC treasury that has issued $600M in 6.5% senior secured notes. ReNew is recognized as a top-7 global renewable power company by Morningstar Sustainalytics and a two-time WEF Global Lighthouse factory.
The company was founded in 2011 by Sumant Sinha, listed on Nasdaq in 2021 as the first Indian pure-play renewable energy company to do so, and is currently in discussions on a non-binding $6.75 per share buyout proposal from a consortium of CPP Investments and the founder/CEO. Operational technology is differentiated by RTC hybrid power, BESS deployments (25 MW/100 MWh commissioned in FY26, with ~4 GWh planned), an Urji.AI digital analytics layer, and participation in the NISE-NLDC hybrid solar forecasting framework.
ReNew firmographics
Firmographics- Name
- ReNew
- Legal name
- ReNew Energy Global Plc
- Website
- https://renew.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- ReNew Energy Global Plc is a Nasdaq-listed Indian renewable energy producer operating an integrated utility-scale solar, wind, storage, and corporate decarbonization platform (~20.2 GW portfolio, 9% of India's RE) serving utilities, C&I customers, and hyperscalers like Microsoft, Amazon, and Google.
- Ownership category
- akta.pro rank
ReNew industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Power, Distribution & Specialty Transformers (3612)
- akta.pro primary industry
- Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where ReNew is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices9 records
Markets served
ReNew business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Utility-Scale Renewable Power Generation: Long-term Power Purchase Agreements (PPAs) with state utilities, central utilities (SECI), and corporates; recurring revenue based on power offtake agreements spanning 20-25 years. FY26 total income reached INR 150,635 million (US$1,605 million).
- Solar PV Manufacturing: Manufacturing and sale of solar modules (6.5 GW capacity) and cells (2.5 GW capacity), with plans for additional 4 GW by December 2026. Manufacturing business contributed INR 8,845 million in net profit in FY26. External sales of modules also contribute to EBITDA.
- Commercial & Industrial (C&I) Decarbonization Platform: Long-term clean energy agreements with C&I customers (Microsoft, Amazon, Google) across automotive, chemicals, cement, textiles, and technology sectors; 2.5 GW committed capacity under ReNew Green Energy Solutions with approximately 1.3 GW under long-term PPAs.
- Green Hydrogen and Energy Storage Solutions: Green hydrogen solutions, battery energy storage systems, and storage offerings as part of net-zero solutions for corporates; energy management solutions and green credits for corporate customers.
- Green Bond Financing and Capital Markets: Issuance of green bonds (e.g., $600M 6.5% senior secured notes due 2031 via ReNew Treasury IFSC in GIFT City; $400M green bonds via Singapore Exchange) to refinance debt and fund renewable energy projects, generating capital cost efficiencies.
- Power Trading (ReNew Energy Markets Pvt. Ltd.): ReNew Energy Markets Pvt. Ltd. holds a CERC trading license and engages in electricity trading, with monthly Form IV trading reports filed with CERC.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | ReNew Treasury IFSC bond issuance |
| Other | Multi-year contract | Green bonds via Singapore Exchange |
| Other | Multi-year contract | Hybrid RTC battery-enabled project loan |
| Outcome Based/ Performance | — | FY27 Financial Guidance |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
ReNew product offering
Product offeringCore offering
ReNew is an integrated decarbonization platform that develops, builds, owns, and operates utility-scale renewable energy assets in India, including solar, wind, hydro, and hybrid round-the-clock (RTC) power projects delivered through long-term Power Purchase Agreements (PPAs). The company also manufactures solar PV cells and modules, produces green hydrogen, deploys Battery Energy Storage Systems (BESS), builds transmission infrastructure, and supplies corporate decarbonization solutions to large C&I customers through its ReNew Green Energy Solutions platform.
Product overview
ReNew (Nasdaq: RNW) operates an integrated decarbonization platform that spans the full renewable energy value chain — generation, storage, manufacturing, and corporate decarbonization solutions — rather than a single product. The Energy Generation stack comprises Utility-Scale Solar, Utility-Scale Wind, Hydropower, and Firm Power – Round-The-Clock (hybrid) assets; the Net-Zero Solutions for Corporates stack wraps these with Innovative PPAs, Green Credits, Energy Management Solutions, Battery Storage, and Green Hydrogen; and the platform extends into Solar PV Manufacturing (6.5 GW module + 2.5 GW cell capacity, expanding with a new 6.5 GW ingot-wafer plant in Andhra Pradesh) plus Transmission infrastructure operated through Gadag and Koppal-Narendra transmission subsidiaries. ReNew's C&I platform ReNew Green Energy Solutions delivers tailored clean-energy solutions to industrial customers, while Urji.AI and the Centre of Excellence provide the AI/data and R&D capabilities that underpin the digital and operational layer of the offering.
Differentiator
Problem solved
Functional benefit
Brands
- ReNew Green: Commercial and industrial (C&I) renewable energy platform operating one of India's largest C&I clean energy portfolios with 2.5 GW of committed capacity serving automotive, chemicals, cement, textiles and technology customers, including long-term PPAs with Microsoft, Amazon and Google.
- ReNew Solar / ReNew Solar PV
Products and services
- Utility-Scale Solar Power Large-scale solar photovoltaic power projects that generate electricity sold to state and central utilities and large C&I customers under long-term Power Purchase Agreements (PPAs).
- Wind Power Generation Utility-scale onshore wind energy projects that produce electricity supplied to utilities and corporate offtakers via PPAs.
- Hydro Power Generation
Quantifiable outcome
- 22,185 GWh of clean energy produced in FY25, enough to power ~6 million Indian households annually
- +7 more outcomes
Companies that use ReNew
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles3 records
ReNew technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability7 records
Feature6 records
ReNew partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, minor and major.
- Government of Andhra PradeshflagshipReNew has an ₹82,000 crore investment commitment in Andhra Pradesh for clean energy and manufacturing projects. Chief Minister N. Chandrababu Naidu laid the foundation stone for ReNew's 6.5 GW solar ingot-wafer facility in Anakapalli (Rs 4,200 crore investment) and is supporting one of India's largest hybrid renewable energy projects in Anantapur (Rs 22,000 crore).
- IIT (ISM) DhanbadminorInaugurated ReNew's Centre of Excellence (CoE) at IIT (ISM) Dhanbad, scaling up Project ReNew Surya aimed at empowering 10,000 individuals by 2030 for clean energy livelihoods. The inaugural pilot cohort trained over 350 women from coal mining communities in solar skills, with the expanded program training over 500 candidates from Jharkhand, Odisha, and Chhattisgarh.
- Technique Solaire GroupminorAcquired ReNew's 100 MW/117.5 MWp solar project in Tamil Nadu for approximately $49 million. The transaction is part of ReNew's portfolio optimization strategy and will generate approximately $24 million in cash inflow. The project operates under a 25-year PPA with Tamil Nadu Generation and Distribution Corporation Limited.
- Jyoti Structures LimitedminorCommissioned a 400 kV Gadag-II Transmission Line project for ReNew Power in Karnataka, comprising 100 circuit kilometres of twin HTLS transmission lines connecting Gadag and Koppal Power Stations. Part of the Interstate Transmission System designed to evacuate renewable energy from the Koppal Solar Energy Zone (1,500 MW capacity), implemented on a Build, Own, Operate and Maintain basis.
- National Institute of Solar Energy (NISE) and National Load Despatch Centre (NLDC)minorSigned an MoU to jointly develop a hybrid solar forecasting framework for large utility-scale solar parks in India, integrating numerical weather prediction, satellite data, and All-Sky Imager-based nowcasting. ReNew is one of the developer partners providing solar park access for real-time deployment and validation, alongside Adani Green Energy, NTPC Green Energy, Tata Power Renewable Energy, and Serentica Renewables.
- World Economic Forum (Global Lighthouse Network)flagshipReNew Power was recognized as a World Economic Forum Global Lighthouse factory, joining other Indian manufacturers (Cipla, CEAT, Tata Steel, Unilever, Schneider Electric, Dr Reddy's Labs, Mondelez) as part of the Lighthouse factory model representing digital transformation. ReNew has been recognized twice as a Global Lighthouse.
- Petronas' GentarimajorAcquired a 49% stake in ReNew's 403 MW Peak Power Project alongside SBI's Rs 2,700 crore project loan financing. Represents a strategic co-development partnership on a major Indian renewable energy asset.
Scale indicators16 records
Recent moves11 records
Expansion highlights7 records
ReNew competitors and assessment
Company assessmentDirect peers
- Acme Solar Holdings: Indian renewable energy developer with a multi-GW portfolio across solar, wind, and storage, recently listed on Indian markets. Competes with ReNew in SECI tenders, C&I PPAs, and integrated solar manufacturing under ALMM.
- NTPC Green Energy: Subsidiary of NTPC Ltd (India's largest power generator) focused on utility-scale solar, wind, and green hydrogen. Competes with ReNew in SECI tenders, large C&I PPAs, and government-backed hybrid RTC tenders.
- Tata Power Renewable Energy: Tata Group's renewable energy arm with utility-scale solar, wind, and hybrid projects across India. Competes head-to-head with ReNew in C&I PPAs (including hyperscalers), SECI tenders, and rooftop / distributed solar markets.
- JSW Energy: Diversified Indian power producer scaling rapidly into renewables (solar, wind, hydro, storage). Competes with ReNew for SECI tenders, C&I PPAs, and battery storage projects across India.
- Adani Green Energy: India's largest renewable energy IPP with a multi-GW utility-scale solar, wind, and hybrid portfolio. Most direct competitor to ReNew in C&I PPAs, SECI auctions, and green hydrogen, and a co-litigant on Indian solar countervailing-duty matters.
- Hero Future Energies: Promoter-driven Indian RE IPP with utility-scale solar, wind, and rooftop assets, plus a focus on green hydrogen. Competes with ReNew for C&I offtake, EPC projects, and emerging hydrogen pilots.
- Greenko Group: One of India's largest renewable energy IPPs with significant wind, solar, and pumped-storage hydro assets. Competes with ReNew in RTC/firm power, C&I PPAs, and energy storage, and is also a participant in the NISE-NLDC solar forecasting initiative.
- Serentica Renewables: India-based renewable energy platform with utility-scale solar, wind, and BESS hybrid assets supplying C&I customers. Co-litigant with ReNew Green at CERC on grid connectivity revocations and competes directly for hyperscaler and industrial PPAs.
Broad incumbents
- Reliance New Energy / Reliance Power: Reliance Group's clean-energy platform pursuing giga-scale solar manufacturing, green hydrogen, and battery storage. While broader in mandate (and Reliance Industries-anchored), it competes with ReNew for solar fab capacity build-outs and ALMM allocations.
Emerging players
- Gentari (Petronas): Petronas' clean energy arm that already owns a 49% stake in ReNew's 403 MW Peak Power Project and is scaling renewables across India and ASEAN. A direct counterparty today and a likely future competitor in C&I PPAs and hybrid RTC projects in India.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
ReNew social profiles
Digital presenceReNew compliance and trust
Trust signalCompliance9 records
ReNew financial estimates
Financial estimateRevenue estimate
Valuation estimate
ReNew leadership team
Management profileNumber of profiles
Profiles5 records
ReNew subsidiaries and ownership
Company hierarchySubsidiaries14 records
ReNew funding detail
Funding detailFunding overview
Funding rounds20 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ReNew M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ReNew
What does ReNew do?
ReNew is an integrated decarbonization platform that develops, builds, owns, and operates utility-scale renewable energy assets in India, including solar, wind, hydro, and hybrid round-the-clock (RTC) power projects delivered through long-term Power Purchase Agreements (PPAs). The company also manufactures solar PV cells and modules, produces green hydrogen, deploys Battery Energy Storage Systems (BESS), builds transmission infrastructure, and supplies corporate decarbonization solutions to large C&I customers through its ReNew Green Energy Solutions platform.
Is ReNew a public or private company?
ReNew is a public company. It is classified as public and is currently operating.
When was ReNew founded?
ReNew was founded in 2011. It employs 1,001 to 5,000 people.
Where is ReNew based?
ReNew is headquartered in Gurugram, India, in the Asia region.
How does ReNew make money?
Six revenue lines are on record. Utility-Scale Renewable Power Generation is the primary driver. The others are solar PV Manufacturing, commercial & Industrial (C&I) Decarbonization Platform, green Hydrogen and Energy Storage Solutions, green Bond Financing and Capital Markets and power Trading (ReNew Energy Markets Pvt. Ltd.).
Who are ReNew's main competitors?
Direct peers on record are Acme Solar Holdings, NTPC Green Energy, Tata Power Renewable Energy, JSW Energy, Adani Green Energy, Hero Future Energies, Greenko Group and Serentica Renewables. Reliance New Energy / Reliance Power is listed as a broad incumbent. Gentari (Petronas) is listed as an emerging player.
Does ReNew have an API?
No public API is recorded for ReNew.
What industry is ReNew in?
ReNew's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMAOAI, Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls). Its NAICS code is 221114 and its SIC code is 3612.