Welcome to our dedicated page for Renew Energy Global Plc news (Ticker: RNWWW), a resource for investors and traders seeking the latest updates and insights on Renew Energy Global Plc stock.
The ReNew Energy Global plc (RNWWW) news page on Stock Titan aggregates company announcements, earnings releases, financing updates, and project milestones for this Nasdaq‑listed decarbonization solutions company. ReNew describes itself as a major independent power producer in India with a large clean energy portfolio that includes wind, solar, hybrid projects and battery energy storage systems, as well as solar module and solar cell manufacturing operations.
Readers can follow earnings results and guidance through ReNew’s quarterly and full‑year updates, where the company reports portfolio capacity, commissioned megawatts, revenue from power sales, and external sales from module and cell manufacturing. These releases often include commentary on construction progress for new gigawatt‑scale projects and capital recycling through asset sales.
The news feed also covers strategic projects and partnerships, such as large hybrid wind‑solar‑storage developments in Indian states and long‑term agreements with global technology companies to support renewable energy procurement and value‑chain decarbonization. Financing transactions with multilateral institutions, including debt packages for integrated renewable and storage projects, feature prominently and provide insight into how ReNew funds its growth.
Corporate and capital markets developments are another key theme. ReNew uses press releases to communicate the filing of its annual report on Form 20‑F, the scheduling and results of annual general meetings, and the formation of a Special Committee to evaluate non‑binding offers from a consortium of investors and its founder. These items help investors track potential changes in ownership structure and governance.
By monitoring this page, investors and observers can review a chronological record of ReNew’s operating performance, project pipeline, sustainability reporting milestones, and corporate actions, all drawn from official company communications and related SEC‑furnished materials.
ReNew Energy Global Plc (NYSE:RNW) has received a final non-binding offer from a consortium including Masdar, CPP Investments, ADIA, and CEO Sumant Sinha to acquire all remaining shares at $8.00 per share. The offer represents a 13.2% increase from the initial December 2024 proposal and a 26.2% premium to the undisturbed share price of $6.34.
The Special Committee, led by Lead Independent Director Manoj Singh and consisting of six independent directors, is evaluating the offer with advisors Rothschild & Co and Linklaters LLP. The committee will update the market on the potential transaction, though no assurance is given regarding its likelihood or final terms.
ReNew Energy Global (Nasdaq: RNW) reported Q3 FY25 financial results, highlighting a 25.5% year-over-year increase in commissioned capacity to ~10.7 GWs. The company's total portfolio expanded to ~17.4 GWs from ~13.8 GWs year-over-year. Total revenue for Q3 FY25 reached INR 21,198 million (US$ 248 million), up from INR 19,290 million in Q3 FY24.
The company reported a Q3 FY25 net loss of INR 3,879 million (US$ 45 million), while Adjusted EBITDA improved to INR 13,882 million (US$ 162 million). A non-binding offer of $7.07 per share was received from a Consortium including CPP Investments, ADIA, Masdar, and the CEO to acquire remaining shares.
ReNew revised its FY25 guidance due to lower resource availability, now expecting Adjusted EBITDA of INR 74-78 billion and CFe of INR 11-13 billion, with planned installations of 1,900-2,400 MWs by FY25 end.
ReNew Energy Global (NASDAQ: RNW, RNWWW), India's leading renewable energy company, has scheduled its third quarter fiscal year 2025 earnings report release for February 18, 2025, after Nasdaq's close. The company will host a conference call on February 19, 2025, at 8:30 AM EST (7:00 PM IST) to discuss the earnings results.
The conference call will be accessible via live webcast and through toll-free phone numbers across multiple countries, including the US, France, Germany, Hong Kong, India, Japan, Singapore, Sweden, and the UK. An audio replay will be made available on ReNew's investor relations website following the call.
ReNew Energy Global (NASDAQ: RNW) has achieved a significant milestone by securing the highest score for a pure-play renewable energy company in India's power sector in the S&P Global Corporate Sustainability Assessment (CSA). The company scored 71 out of 100, marking a remarkable ~30% improvement from its previous score of 55 in FY 2023.
This achievement positions ReNew in the top 10 percentile of the global energy sector, making it one of only two energy companies in India to exceed the '70' score threshold. The company's success is attributed to its focus on sustainable practices, transparency, and strong ESG culture.
Additionally, ReNew has recently signed three Power Purchase Agreements (PPAs) with a combined Renewable Energy capacity of ~1.1 GW, expanding its total portfolio to 17.4 GW on a gross basis. These agreements include a 50 MW solar PPA with SECI, a 200 MW RTC PPA with REMCL, and a ~250 MW FDRE PPA with NHPC
ReNew Energy Global Plc (NASDAQ: RNW) has received a non-binding proposal from a Consortium including Masdar, CPP Investments, ADIA subsidiary Platinum Hawk, and ReNew's Founder/CEO Sumant Sinha. The Consortium proposes to acquire all remaining shares not already owned by its members for $7.07 per share in cash.
In response, ReNew's Board has formed a Special Committee led by Lead Independent Director Manoj Singh, comprising six independent non-executive directors. The committee will evaluate all strategic capitalization opportunities, including this proposal, and has retained Rothschild & Co as financial advisor and Linklaters LLP as legal counsel.
ReNew Energy Global (Nasdaq: RNW) reported strong Q2 FY25 results with a 31% YoY increase in net profit to INR 4,939 million (US$ 59 million). The company's portfolio expanded to ~15.6 GWs, up from ~13.8 GWs YoY, with commissioned capacity growing 21.8% to ~10.1 GWs. Total revenue reached INR 29,887 million (US$ 357 million), while Adjusted EBITDA rose to INR 24,209 million (US$ 289 million). ReNew reiterated its FY25 guidance, expecting to complete 1,900-2,400 MWs construction and achieve Adjusted EBITDA of INR 76-82 billion.
ReNew's Founder, Chairman and CEO Sumant Sinha has been named to the 2024 TIME100 Climate List, recognizing his contributions to India's clean energy transition. Under his leadership, ReNew has become one of India's leading renewable energy companies, reaching 10 GW of operating clean energy assets in 2024, representing approximately 10% of India's total solar and wind power generation. The company achieved this milestone in just thirteen years since its founding, making it one of the fastest clean energy companies to reach this level of operations.
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