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ReNew Energy Global plc - RNW STOCK NEWS

Welcome to our dedicated news page for ReNew Energy Global plc (Ticker: RNW), a resource for investors and traders seeking the latest updates and insights on ReNew Energy Global plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ReNew Energy Global plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ReNew Energy Global plc's position in the market.

News
ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
partnership
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News
ReNew Crosses 10 GW of Gross Renewable Energy Assets
Rhea-AI Summary
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$10.6 billion (~INR 88,600 crore) and has notable B2B customers like Amazon and Microsoft.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
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none
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News
ReNew Announces Results for the Third Quarter and Nine Months of Fiscal Year 2024: Increases the bottom end of Adjusted EBITDA guidance for FY24 by 2%
Rhea-AI Summary
ReNew Energy Global Plc announced its unaudited consolidated IFRS results for Q3 FY24 and nine months ended December 31, 2023. The Company's portfolio grew to 13.8 GWs, with total income for the first nine months of FY24 at INR 72,414 million. Net profit for the same period was INR 3,538 million. Adjusted EBITDA reached INR 52,406 million. The Company reported a net loss of INR 3,216 million for Q3 FY24. ReNew Energy increased its FY24 Adjusted EBITDA guidance range and expects revenue generation from completed projects to rise by the end of Fiscal Year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
earnings
News
ReNew Announces Date and Conference Call Details for Q3 FY 24 Earnings Report
Rhea-AI Summary
ReNew Energy Global plc (RNW) will release its Q3 FY2024 earnings report on February 20, 2024. A conference call is scheduled to discuss the results. Investors can access the call live or through an audio replay on the investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
Tags
earnings
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News
ReNew Refinances US$ 325 Million Debt Three Months Ahead of Maturity
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
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none
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News
ReNew Signs Contract to Sell 300 MW Solar Project at a Valuation of $199 Million
Rhea-AI Summary
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 $82 million for ReNew, including change-in-law proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
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none
News
COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker
Rhea-AI Summary
ReNew Energy Global Plc (RNW) named Clean Energy Transition Changemaker by COP28 Presidency for its Round-the-Clock Power Project, a first-of-its-kind initiative in India. Sumant Sinha, Founder, Chairman, and CEO, expresses pride in the recognition, highlighting ReNew's leadership and innovation in the renewable energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
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none
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News
ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
none
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News
ReNew Announces Results for Second Quarter and Half Year Results for Fiscal Year 2024: US$81 million PAT for H1 FY24, Raises EBITDA Guidance for FY24
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.6%
Tags
earnings
News
ReNew Successfully Commissions Its First Interstate Transmission Scheme (ISTS) Project Following Investment From Norfund and KLP
Rhea-AI Summary
ReNew Power, Inc. (RNW) Signs $9m Investment Agreement with Norwegian Climate Investment Fund and KLP for Transmission Projects in Karnataka, India
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
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none
Stock RNW logo
ReNew Energy Global plc

Nasdaq:RNW

RNW Rankings

#1868 Ranked by Market Cap
#2378 Ranked by Stock Gains
N/A Ranked by Dividends

RNW Stock Data

2.05B
52.99M
16.36%
81.67%
1.67%
Wind Electric Power Generation
Utilities
Link
United Kingdom
London

About RNW

renew power ventures pvt. ltd. is one of the largest clean energy companies in india with an installed and operational capacity of 500 mw across the states of maharashtra, rajasthan, karnataka and gujarat. the company has an additional portfolio of 500 mw of wind energy, currently under construction. renew power, which is also one of the most capitalized renewable energy companies in the country, has recently forayed into utility-scale solar with a pipeline of 250 mw of projects, under construction in madhya pradesh, andhra pradesh and telangana. renew power is committed to leading a change in the country’s current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing india’s carbon footprint. renew power’s mission is to play a pivotal role in meeting india’s growing energy needs in an efficient, sustainable and socially responsible manner. the company creates value through reliable and efficient generation of non-conventional power through innovati