Welcome to our dedicated page for Renew Energy Global Plc news (Ticker: RNW), a resource for investors and traders seeking the latest updates and insights on Renew Energy Global Plc stock.
ReNew Energy Global plc (Nasdaq: RNW, RNWWW) is frequently featured in news coverage as a decarbonization solutions company and major independent power producer in India. News about ReNew often focuses on its large and growing portfolio of wind, solar, hydro and transmission assets, as well as battery energy storage systems and solar manufacturing operations.
Readers following ReNew’s news can expect regular updates on earnings results and financial guidance, typically released through quarterly and annual reports and accompanying conference calls. These announcements include information on portfolio size, commissioned capacity, income, adjusted EBITDA and the performance of its solar module and cell manufacturing business.
ReNew’s news flow also highlights project development and financing milestones. Examples include announcements of hybrid wind‑solar‑storage projects, financing packages from institutions such as the Asian Development Bank, and investments into its solar manufacturing arm by organizations like British International Investment PLC. The company also reports on selective asset sales, such as the sale of a 300 MW solar project in Rajasthan, which it associates with its capital recycling strategy.
Another key theme in ReNew’s news is corporate partnerships and commercial agreements. The company has announced long‑term agreements with global technology companies, including an arrangement with Google to enable a 150 MW solar project in Rajasthan, under which Google will procure the project’s energy attributes. Such news items illustrate ReNew’s role in supporting corporate renewable energy and decarbonisation commitments.
In addition, ReNew issues updates on corporate governance and strategic reviews, such as its annual general meeting results and communications regarding non‑binding and possible cash offers from a consortium of investors. These stories provide insight into how the board and special committee evaluate strategic options and engage with shareholders.
For investors, analysts and observers of India’s energy transition, ReNew’s news page offers a centralized view of its financial performance, project pipeline, financing arrangements, strategic transactions and sustainability reporting. Regularly reviewing this coverage can help readers understand how ReNew’s portfolio and strategy evolve within the renewable energy and utilities sector.
ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) reported its Q2 FY23 results ending September 30, 2022. The company secured 1 GW of Purchase Power Agreements, enhancing its total portfolio to 13.4 GW, a 30.8% year-on-year increase. Total revenue reached INR 22,409 million (US$ 275 million), marking a 5.1% growth over Q2 FY22. Despite the revenue growth, ReNew recorded a net loss of INR 986 million (US$ 12 million), improved from a loss of INR 6,614 million (US$ 81 million) in Q2 FY22. The company reaffirmed its FY23 guidance for Adjusted EBITDA between INR 66,000 – 69,000 million.
ReNew Energy Global plc (NASDAQ: RNW, RNWWW), a leading renewable energy company in India, will release its Q2 FY 2023 earnings report on November 15, 2022, after market close. A conference call to discuss the results is scheduled for November 16, 2022, at 8:30 AM ET. ReNew operates a substantial portfolio of ~13.4 GW of renewable energy projects across India, including wind, solar, and hydro energy. Investors and stakeholders can access the conference call details and an audio replay through the company’s investor relations website.
ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) reported its Q1 FY23 results for the period ending June 30, 2022. The company achieved a total income of INR 25,007 million (US$ 316 million), marking a 48.8% increase compared to Q1 FY22. Adjusted EBITDA rose 49.7% to INR 20,157 million (US$ 255 million). However, ReNew posted a net loss of INR 104 million (US$ 1 million), contrasting with a net profit of INR 425 million (US$ 5 million) in the prior year, impacted by a one-time expense of INR 2,531 million (US$ 32 million). The company reiterates its FY23 financial guidance for Adjusted EBITDA and Cash Flow to Equity.
ReNew Energy Global plc (NASDAQ: RNW) has secured a $1 billion loan from a consortium of 12 international lenders, marking the largest single project financing in India's renewable sector. The oversubscribed loan, coming at competitive pricing, will fund a 1,300-MW hybrid Round-the-Clock (RTC) battery-enabled project across Karnataka, Rajasthan, and Maharashtra. ReNew's partnership with the Solar Energy Corporation of India includes a Power Purchase Agreement at ₹2.90 per unit, increasing 3% annually for 15 years. This reflects global lenders' confidence in ReNew's growth and financial stability.
ReNew Energy Global plc, a leading renewable energy company in India, will release its first quarter fiscal year 2023 earnings report on August 18, 2022, after market close. A conference call to discuss the results is scheduled for August 19, 2022, at 8:30 a.m. ET (6:00 p.m. IST). ReNew has a total capacity of 12.8 GW of renewable energy projects in India, as of June 30, 2022. Investors can access the earnings call live and view the audio replay through the ReNew Investor Relations website.
ReNew Energy Global Plc (NASDAQ: RNW) has filed its annual report on form 20-F for the fiscal year ending March 31, 2022, with the U.S. Securities and Exchange Commission. This report provides comprehensive insights into the company's financial position and operations in the renewable energy sector. As of June 30, 2022, ReNew's total portfolio comprises approximately 12.8 GW of renewable energy projects across India. Shareholders can request hard copies of the report at no charge through the company's Investor Relations.
ReNew Energy Global plc (Nasdaq: RNW, RNWWW) reported its Q4 FY22 and FY22 results, noting a 27% revenue growth to INR 69,195 million (US$ 912 million). Q4 FY22 revenue rose 31.1% to INR 17,615 million (US$ 232 million). Adjusted EBITDA for FY22 increased 31.7% to INR 55,144 million (US$ 727 million). However, the company posted a net loss of INR 16,127 million (US$ 213 million) compared to a loss of INR 8,033 million (US$ 106 million) in FY21. Cash Flow to Equity from Operating Assets was positive at INR 12,888 million (US$ 170 million) for FY22 but negative for Q4 FY22 at INR 5,016 million (US$ 66 million).
ReNew Energy Global plc (NASDAQ: RNW, RNWWW) will release its fourth quarter earnings report for FY22 on June 14, 2022, after market close. A conference call to discuss the results is scheduled for June 15, 2022, at 8:30 AM EDT. ReNew is a leading renewable energy company in India, with a portfolio of approximately 12.8 GW of renewable energy projects as of May 31, 2022. Investors can access the conference call via phone or live stream.
ReNew Power has signed definitive agreements to acquire 527.9 MW of operating wind and solar assets, boosting its portfolio to 12.8 GW from 10.2 GW. The total enterprise value of the agreements is approximately ₹30 billion (US$388 million), with expected FY23 EBITDA between ₹3.95-4.24 billion (US$51-55 million). Additionally, ReNew inked a Power Purchase Agreement with MSEDCL for a 200 MW solar project at a rate of ₹2.43/kWh over 25 years. These moves position ReNew at the forefront of India's clean energy transition amid increasing energy demands.
ReNew Power has announced the appointment of Kedar Upadhye as Group CFO, Vikash Jain as Global General Counsel, and Vikram Kapur as Chief Growth Officer. These leaders bring rich experience aimed at bolstering the company's expansion in renewable energy sectors, including green hydrogen. The total portfolio increased to approximately 12.1 GW, up nearly 20% since early 2022, driven by Power Purchase Agreements and strategic partnerships. The leadership hires are expected to support ReNew's ambitious growth plans while strengthening governance and operational efficiency.