Welcome to our dedicated page for Renew Energy Global news (Ticker: RNW), a resource for investors and traders seeking the latest updates and insights on Renew Energy Global stock.
ReNew Energy Global plc reports developments from its renewable power and decarbonization business in India, where it develops and operates wind, solar, battery energy storage, hydro power and transmission assets. News commonly covers earnings releases under IFRS, capacity commissioning, project sales, battery storage additions and updates to its solar module and solar cell manufacturing operations.
The company also announces commercial and industrial clean-power agreements through ReNew Green, equity investments in operating platforms, and customer relationships with large corporate offtakers. Its updates identify ReNew as a Nasdaq-listed issuer under the RNW common share and RNWWW warrant symbols.
ReNew Energy Global plc (NASDAQ: RNW, RNWWW) announced it will release its third quarter fiscal year 2023 earnings report for the period ending December 2022 on February 16, 2023, after market close. A conference call is scheduled for February 17, 2023, at 8:30 AM ET to discuss the earnings results, accessible via phone and online. ReNew is a leading renewable energy company in India, with a total portfolio of approximately 13.4 GW of renewable energy projects, demonstrating its commitment to sustainable energy development.
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ReNew Power (NASDAQ: RNW) announced a significant 150 MW renewable energy agreement with Microsoft India, marking one of the largest such deals in India. The clean energy will be sourced from a new solar site near Bikaner. This partnership aligns with Microsoft's goal of sourcing 100% renewable energy by 2025 and highlights the growing trend of corporates adopting renewable energy solutions. ReNew continues to expand its portfolio, boasting approximately 13.4 GW of renewable energy projects as of September 30, 2022.
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).