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 (NASDAQ: RNW) has scheduled its second quarter fiscal year 2025 earnings report release for November 19, 2024, after Nasdaq's closing. The company will host a conference call to discuss the results on November 20, 2024, at 8:30 AM EST (7:00 PM IST). ReNew, India's leading renewable energy company, has provided international dial-in numbers for investors and stakeholders to participate in the earnings discussion. An audio replay will be available on the company's investor relations website following the call.
ReNew (NASDAQ: RNW), India's leading renewable energy company, has signed a 437.6 MW green attribute sale contract with Microsoft. This agreement, one of the largest corporate renewable energy deals in India, is expected to generate over one million units of green electricity attributes annually, supporting Microsoft's goal to be carbon-negative by 2030.
As part of the deal, ReNew will allocate approximately $15 million of revenue towards a community fund for environmental justice initiatives, focusing on women's livelihoods, rural electrification, and other community concerns. This initiative aligns with Microsoft's Environmental Justice priorities and will be implemented through ReNew Foundation.
The agreement is part of ReNew's recent signings totaling ~2.2 GW, increasing its portfolio to 15.6 GW. ReNew aims to double its renewable energy asset portfolio to over 21 GW by FY29, solidifying its role in India's clean energy transition.
ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) announced its Q1 FY25 results, highlighting a 24% year-over-year increase in operating capacity. The company's portfolio grew to ~15.6 GWs, with ~9.6 GWs commissioned and ~6.0 GWs committed. Revenue for Q1 FY25 reached INR 22,811 million (US$ 274 million), up from INR 21,250 million in Q1 FY24. However, net profit decreased to INR 394 million (US$ 5 million) from INR 2,983 million in the previous year. Adjusted EBITDA slightly improved to INR 18,979 million (US$ 228 million). ReNew reiterated its FY25 guidance, expecting to complete 1,900 to 2,400 MWs of construction and projecting Adjusted EBITDA of INR 76 – 82 billion and Cash Flow to Equity of INR 12 – 14 billion.
ReNew Energy Global plc (NASDAQ: RNW, RNWWW), India's leading renewable energy company, has announced the release date for its first quarter fiscal year 2025 earnings report. The report will be issued after the close of Nasdaq on August 15, 2024. A conference call to discuss the results is scheduled for August 16, 2024, at 8:30 AM ET (6:00 PM IST).
Investors and analysts can access the conference call live via webcast or by phone. International toll-free numbers are provided for various countries. An audio replay of the call will be available on ReNew's investor relations website following the event.
ReNew Energy Global Plc (NASDAQ: RNW, RNWWW) has announced its third Annual General Meeting (AGM) scheduled for September 20, 2024 in London, UK. The AGM will address four key resolutions: receiving the annual reports and accounts, approving the directors' remuneration report, re-appointing KNAV as auditors, and authorizing the Board and Audit Committee to determine auditor remuneration. Only shareholders of record as of August 8, 2024 will be eligible to attend and vote. The AGM notice and annual reports are expected to be published around August 12, 2024, and will be available on ReNew's investor relations website.
ReNew Energy Global Plc (NASDAQ: RNW, RNWWW), a leading renewable energy company, has filed its annual report on Form 20-F for the financial year ended March 31, 2024, with the U.S. Securities and Exchange Commission (SEC). This important financial document is now accessible to investors and the public through multiple channels:
1. ReNew's Investor Relations website: https://investor.renew.com
2. SEC's official website: www.sec.gov
In a move to ensure transparency and accommodate shareholder preferences, ReNew has announced that it will provide hard copies of these documents free of charge to all shareholders upon request.
Sumant Sinha, Chairman and CEO of ReNew, has been appointed Co-Chair of the Alliance of CEO Climate Leaders, the world's largest CEO-led climate alliance and a World Economic Forum initiative. Sinha joins a group of influential leaders from top global companies, representing $4 Trillion in revenues and 5.2 GT of carbon emissions.
ReNew, a member of the Alliance since 2019, is committed to net-zero targets and innovative decarbonization solutions. The company aims to be net zero by 2040 and has mitigated over 21 million tons of carbon emissions in the past two years. With a portfolio of 21.4 GW, ReNew is pioneering solutions such as innovative PPAs, solar module manufacturing, carbon markets, power trading, and energy storage.
Sinha's appointment is expected to bring valuable insights into energy transition in emerging and developing economies, furthering the Alliance's global impact.
ReNew Energy Global reported its unaudited financial results for Q4 FY24 and the full fiscal year ended March 31, 2024. The company’s portfolio stood at ~13.5 GWs as of March 2024, with ~9.5 GWs generating revenue. For FY24, ReNew's total revenue was INR 96,531 million (US$ 1,158 million), up from INR 89,309 million (US$ 1,072 million) in FY23. The net profit for FY24 was INR 4,147 million (US$ 50 million), compared to a net loss of INR 5,029 million (US$ 60 million) in FY23. Adjusted EBITDA for FY24 was INR 69,216 million (US$ 831 million), and Cash Flow to Equity was INR 13,665 million (US$ 164 million).
For Q4 FY24, total revenue was INR 24,776 million (US$ 297 million). The net profit for Q4 FY24 was INR 609 million (US$ 7 million). Adjusted EBITDA for Q4 FY24 was INR 16,810 million (US$ 202 million). ReNew provided guidance for FY25, including an Adjusted EBITDA of INR 76-82 billion and CFe of INR 12-14 billion. The company expects a gross operating capacity of 15-16 GWs by FY27 and 19-20 GWs by FY29.
ReNew Energy Global (NASDAQ: RNW, RNWWW), India's leading renewable energy company, will release its Q4 and fiscal year 2024 earnings after the Nasdaq closes on June 05, 2024. The company will host a 90-minute conference call at 8:00 AM EDT (5:30 PM IST) on June 06, 2024, to discuss business trends and future outlook. The call is accessible via live stream and phone across multiple countries. Details for accessing the call and the subsequent audio replay are available on ReNew's investor relations website.
ReNew, a leading renewable energy company (NASDAQ: RNW), has signed a Memorandum of Understanding (MoU) with Societe Generale to finance and develop strategic energy transition projects in India and globally.
The MoU outlines up to USD 1 billion in support over the next three years, focusing on debt financing and advisory solutions.
Both parties will leverage their expertise to advance large-scale energy projects, including solar, wind, complex renewables, green hydrogen, energy storage, and solar module manufacturing.
This collaboration aims to accelerate the deployment of renewable energy projects and contribute to India's net-zero goals.
FAQ
What is the current stock price of Renew Energy Global Plc (RNWWW)?
