ReNew Energy unit gets US$95M equity investment

ReNew Energy Global reports that its commercial and industrial arm, ReNew Green Energy Solutions, has secured a US$95 million equity investment from a consortium led by LeapFrog Investments.

Rhea-AI Filing Summary

ReNew Energy Global reports that its commercial and industrial arm, ReNew Green Energy Solutions, has secured a US$95 million equity investment from a consortium led by LeapFrog Investments. LeapFrog is contributing $50 million, with the rest from EMCAF and Carlyle AlpInvest, for an expected 11.3% stake, subject to foreign exchange at closing. ReNew Green has a 2.5 GW committed clean-energy portfolio, of which over 2.0 GW is commissioned, including about 1.3 GW under long-term agreements with major technology companies such as Microsoft, Amazon and Google.

Positive

• US$95 million equity investment into ReNew’s commercial and industrial platform from LeapFrog-led consortium, implying about 11.3% ownership and signaling external confidence in the asset base and strategy.

Negative

• None.

Insights

Renewable energy equity analyst

$95M equity into ReNew’s C&I platform supports growth and validates its customer base.

The update shows ReNew Green Energy Solutions attracting a US$95 million equity infusion led by LeapFrog Investments, with co-investments from EMCAF and Carlyle AlpInvest. In exchange, the consortium expects about 11.3% ownership in the platform, subject to foreign exchange at closing.

ReNew Green’s scale is highlighted by 2.5 GW of committed capacity, over 2.0 GW already commissioned, and roughly 1.3 GW backed by long-term agreements with global technology companies. This combination of fresh equity and contracted capacity underpins growth in ReNew’s commercial and industrial segment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What investment did ReNew Energy Global (RNW) announce in its March 2026 6-K?

ReNew Energy Global reported a US$95 million equity investment into its commercial and industrial arm, ReNew Green Energy Solutions. The round is led by LeapFrog Investments, with additional capital from EMCAF and Carlyle AlpInvest, strengthening growth funding for this platform.

Who are the investors in ReNew Green Energy Solutions and how much are they contributing?

The investment is led by LeapFrog Investments, which directly committed $50 million. The remaining amount in the US$95 million round comes from co-investors Emerging Market Climate Action Fund (EMCAF) and Carlyle AlpInvest, forming an investor consortium in ReNew Green.

What ownership stake will investors receive in ReNew Green after the US$95 million deal?

Following closing, the investor consortium is expected to hold about 11.3% of ReNew Green Energy Solutions. The exact percentage is subject to the foreign exchange rate on the closing date, which can slightly adjust the final ownership level.

How large is ReNew Green’s commercial and industrial clean energy portfolio?

ReNew Green operates one of India’s largest commercial and industrial clean energy portfolios, with 2.5 GW of committed capacity across multiple states. Of this, more than 2.0 GW is already commissioned and contributing operating assets to the platform.

Which major customers buy power from ReNew Green’s portfolio?

Within ReNew Green’s portfolio, roughly 1.3 GW is supported by long-term agreements with global technology leaders. Named customers include Microsoft, Amazon, and Google, providing a strong, high-profile contracted revenue base for the platform.

How big is ReNew Energy Global’s overall clean energy portfolio including storage and manufacturing?

ReNew’s total clean energy portfolio is about 19.2 GW gross, including 1.5 GW of battery energy storage systems as of February 12, 2026. The company also has 6.5 GW of solar module and 2.5 GW of solar cell capacity and is expanding cells by 4 GW.

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Accepted by SEC EDGAR 03/16/2026 - 05:00 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-40752

RENEW ENERGY GLOBAL PLC

(Translation of registrant’s name into English)

C/O Vistra (UK) Ltd, Suite 3, 7th Floor

50, Broadway, London, England, SW1H 0DB, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Other Events

On March 16, 2026, ReNew Energy Global Plc (“ReNew”) announces that its commercial and industrial platform, ReNew Green Energy Solutions Private Limited (“ReNew Green”) has secured a US$95 million equity investment led by LeapFrog Investments (“Leapfrog”). LeapFrog has directly committed $50 million, with the balance from co-investors Emerging Market Climate Action Fund (“EMCAF”) and Carlyle AlpInvest. After the closing of the investment, the investor consortium will acquire a stake of approximate 11.3%* in ReNew Green. ReNew Green’s portfolio is among India’s largest clean energy portfolios for commercial & industrial customers, with 2.5 GW** of committed capacity across multiple states. Of this, over 2.0 GW** is already commissioned. Within this, ~1.3 GW has long-term agreements with global technology leaders such as Microsoft, Amazon, and Google.

* Exact shareholding percentage is subject to foreign exchange rate on closing date

** ReNew C&I platform has additional 0.2 GW which does not form part of this transaction

Forward Looking Statements

This release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “objective,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “milestone,” “designed to,” “proposed” or other similar expressions that predict or imply future events, trends, terms and/or conditions or that are not statements of historical matters. Such forward-looking statements are based on current expectations and projections about future events and various assumptions. The Company cautions readers of this release that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control, that could cause the actual results to differ materially from the expected results.

The Company’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) or Form 6-Ks furnished to the SEC by the Company outline certain of these risks and uncertainties which may cause actual results to differ. Forward-looking statements should be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation or undertaking (except as required by applicable law) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

About ReNew

ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew’s clean energy portfolio of ~19.2 GW (including 1.5 GW of BESS) on a gross basis as of February 12, 2026, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that are increasingly integral to addressing climate change. In addition, ReNew has 6.5 GW of solar module and 2.5 GW of solar cell manufacturing capacity and is expanding its solar cells manufacturing by 4 GW. For more information, visit www.renew.com and follow us on LinkedIn, Facebook, X, and Instagram.

Press Enquiries

pr@renew.com

Investor Enquiries
Anunay Shahi
Nitin Vaid
ir@renew.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: March 16, 2026	RENEW ENERGY GLOBAL PLC
	By:	/s/ Kailash Vaswani
	Name:	Kailash Vaswani
	Title:	Chief Financial Officer