ReNew

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.

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

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

• Renewable energy generation
• Utility-scale solar power
• Wind energy projects
• Energy storage systems
• Green hydrogen production

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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).
2. 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.
3. 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.
4. 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.
5. 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.
6. 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

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core 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

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered flagship, minor and major.

• Government of Andhra PradeshflagshipStrategic or Co-development Partner · 23 April 2026ReNew 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) DhanbadminorStrategic or Co-development Partner · 12 April 2026Inaugurated 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 GroupminorStrategic or Co-development Partner · 24 March 2026Acquired 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 LimitedminorImplementation/ SI/ Consulting Partner · 5 March 2026Commissioned 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)minorStrategic or Co-development Partner · 4 February 2026Signed 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)flagshipOthers · 23 January 2026ReNew 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' GentarimajorStrategic or Co-development Partner · 3 August 2023Acquired 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

Direct 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

• Xx.com/ReNewCorp
• YouTubeyoutube.com/@ReNewCorp
• Facebookfacebook.com/ReNew4Earth
• LinkedInlinkedin.com/company/renew
• Instagraminstagram.com/renewcorp

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries14 records

Funding overview

Funding rounds20 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ReNew