Latest news with #ReNewEnergyGlobalPlc
Business Wire
05-08-2025
- Business
- Business Wire
ReNew Launches Its Second Integrated Report, Celebrating 15th Year of Clean Energy Leadership
GURUGRAM, India--(BUSINESS WIRE)--Marking 15 years of powering India's clean energy transition, ReNew Energy Global Plc ("ReNew") (NASDAQ: RNW), the country's leading decarbonization solutions provider, today released its second Annual Integrated Report (for FY 2024-25) titled ' Scaling New India's Leap with Clean Energy Solutions: Innovating Sustainably '. The report not only highlights ReNew's ongoing leadership in advancing India's clean energy transition but also the company's evolution from a pure-play IPP in 2011 to one of the largest providers of decarbonization solutions globally, delivering scale, innovation, and impact. Speaking on this milestone, Sumant Sinha, Founder, Chairman, and CEO, ReNew, said, ' India is in the middle of a once-in-a-generation clean energy leap, one that will define the world's future. This year holds special significance as we celebrate ReNew's 15 th year. As a pioneer in the sector, we are growing with purpose, guided by a long-term view that places sustainability at the core of value creation. This Integrated Report goes beyond data; it offers a lens into how we are building a future-ready company that delivers clean energy with integrity, innovation, and real-world impact.' Steady Progress on the Net-Zero Target The company helped avoid over 18.6 million tonnes of carbon emissions in FY25 and is focused on meeting its SBTi validated net-zero target, a first for an Indian pure-play renewable energy company. In FY25, ReNew achieved an 18.2% reduction in Scope 1 and 2 emissions from its FY22 baseline, exceeding the annual target of 12.6% and maintained carbon neutrality for the fifth consecutive year. Additionally, the Company has sourced 76% of its electricity from renewables, well ahead of the 2025 target of 50%. Water stewardship remained a core focus of ReNew's sustainability strategy, and with a target to be water-positive by 2030, the company saved over 540 million litres of water, which is an increase of 50% from last year. Embedding sustainability within the supply chain The report also highlights key milestones in ReNew's efforts to enhance sustainability throughout its operations and value chain. It includes the company's first Life Cycle Assessment (LCA) and verified Environmental Product Declaration (EPD) published with the International EPD System for its solar PV modules. Additionally, ReNew has achieved 100% ESG assessment of its critical suppliers, reaffirming its commitment to a responsible and transparent supply chain. Creating Impact, fostering equity Cementing its position as a leading clean energy player, ReNew in FY25 generated over 22 billion kWh of clean energy, meeting 2% of India's electricity demand, equivalent to powering nearly 6 million households. The Company also achieved a commissioned clean energy portfolio of 10.7 GW in the last fiscal, with profits reaching INR 4.6 billion. Vaishali Nigam Sinha, Co-Founder and Chairperson - Sustainability, ReNew, said: ' At ReNew, we see sustainability not as a checklist, but as a catalyst for transformation. Over the last 15 years, we've evolved from a bold idea into India's leading decarbonization solutions provider, driven by the conviction that clean energy can power not just progress, but purpose. This Integrated Report captures how we are integrating sustainability into the way we think, build, and grow. In a world facing accelerating climate and equity challenges, companies like ours must lead with clarity and conviction. This is our blueprint for doing just that. It captures how we're moving forward: with clarity, accountability, and a long-term view.' Across diversity and inclusion, the company has achieved a 16% gender diversity rate, double that of four years ago. Women now hold 40% of its board positions, 12% of STEM roles, and 17% of management positions. The company also impacted over 1.7 million lives through its social impact initiatives. Pioneering change by aligning with global standards ReNew's Second Annual Integrated Report for FY 2024-25 follows the IIRC framework under the IFRS Foundation. It also references the GRI Standards 2021, UN SDGs, SASB, UNGC, UN WEPs, IFC Standards, Equator Principles, IFRS S2 (erstwhile TCFD), and TNFD. The Double Materiality approach is based on EFRAG under CSRD and aligns with IFRS standards. For the first time, ReNew has voluntarily mapped the BRSR, becoming one of the few Indian companies to do so. About ReNew ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~18.5 GW on a gross basis as of June 16, 2025, 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 digitalisation, storage, and carbon markets that are increasingly integral to addressing climate change. For more information, visit and follow us on LinkedIn, Facebook, Twitter, and Instagram.
Business Wire
30-07-2025
- Business
- Business Wire
ReNew Energy Global Plc files its Annual Report on Form 20-F for Financial Year ended March 31, 2025
GURUGRAM, India--(BUSINESS WIRE)--ReNew Energy Global Plc ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW) announced that it has filed its annual report on form 20-F for the financial year ended March 31, 2025, with the Securities and Exchange Commission of the United States. The annual report on form 20-F can be accessed on the Investor Relations Section of ReNew's website at and on the website of the U.S. Securities and Exchange Commission at ReNew will provide all shareholders, upon request, hard copies of these documents, free of charge. About ReNew: ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~18.5 GWs on a gross basis as of June 16, 2025, 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 increasingly are integral to addressing climate change. For more information, visit and follow us on LinkedIn, Facebook, Twitter and Instagram.
Mint
16-06-2025
- Business
- Mint
ReNew's profit surges fivefold to ₹313.7 crore in Q4
New Delhi: Nasdaq-listed ReNew Energy Global Plc on Monday reported a fivefold year-on-year jump in its profit in the quarter ended March. The net profit for the fourth quarter of FY25 stood at ₹ 313.7 crore ($37 million) compared with ₹ 60.9 crore ($7 million) a year earlier, according to the company's filing to the US Securities and Exchange Commission. The increase was primarily 'driven by higher operating revenues, external sales from our module and cell manufacturing operations, and lower tax incidence, partially offset by higher scale linked financing costs & depreciation, including costs attributable to external sales from our module and cell manufacturing operations, and lower resource availability," the filing said. ReNew Energy's total income during the period under review was ₹ 3,439.1 crore, nearly 39% higher than ₹ 2,477.6 crore a year earlier. The total revenue includes external sales from the module and cell manufacturing operations worth ₹ 991.4 crore. For the financial year 2024-25, the company reported a total income of ₹ 10,907 crore, compared with ₹ 9,653.1 crore in FY24. As of 31 March 2025, ReNew Energy said its portfolio comprised 17.3 gigawatts (GW) of green energy capacity, compared to 13.5 GW a year earlier. In the ongoing financial year (FY26), the company has signed 1.2 GW of power purchase agreements, taking the total portfolio to 18.5 GW along with a 1.1 GWh battery energy storage system. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing. On the proposed delisting, the company said that a special committee led by Manoj Singh, the lead independent director and comprising six independent non-executive ReNew directors, would consider the non-binding proposal and the active discussions are ongoing with the consortium of Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, Platinum Hawk C 2019 RSC Ltd (trustee for the Platinum Cactus A 2019 Trust, a wholly owned subsidiary of the Abu Dhabi Investment Authority), and Sumant Sinha, the founder, chairman and CEO of ReNew. The consortium had offered to acquire the listed shares of ReNew. On 11 December 2024, the company announced that it had received the non-binding proposal to acquire the entire share capital not already owned by members of the consortium for $7.07 per share. The special committee has retained an independent financial advisor, Rothschild & Co, and independent legal counsel Linklaters LLP, the statement said. 'Active discussions with the Consortium are ongoing and the Special Committee will provide an update to the market on the outcome as soon as reasonably practicable."
Time of India
16-06-2025
- Business
- Time of India
ReNew Energy Q4 net profit soars 415% to ₹313.7 crore
ReNew Energy Global Plc (ReNew), a global decarbonisation firm , reported a 415 per cent surge in its consolidated net profit for the March quarter (Q4), reaching ₹313.7 crore. It had reported a net profit of ₹60.9 crore in the same period last year. The growth was driven by higher revenues, including substantial income from its new manufacturing ventures . The Nasdaq-listed company reported its total income for the Q4 2025 at ₹3,439.1 crore, a sharp rise from ₹2,477.6 crore in the corresponding quarter of the previous year. A major contributor to this was the external sale of ₹991.4 crore from its module and cell manufacturing operations, a new revenue stream for the company. Revenue from the core business of power sales also saw an increase, climbing to ₹1,829.4 crore from ₹1,690.8 crore in Q4 FY24. For the full financial year 2024-25, ReNew posted a net profit of ₹459.1 crore, up from ₹414.7 crore in FY24. The total annual income reached ₹10,907 crore, compared to ₹9,653.1 crore a year ago. This annual figure includes ₹1,337.3 crore from the external sales of its manufacturing division. ReNew has significantly expanded its clean energy portfolio , which now stands at a gross 18.5 GW as of June 16, 2025, from 17.3 GW at the end of the fiscal year on March 31, 2025. It has signed 1.2 GW of new Power Purchase Agreements (PPAs) since the fiscal year ended. Its commissioned capacity also grew by 12.4 per cent year-on-year, reaching 10.7 GW by March 31, 2025. The company expects to complete the construction of an additional 1.6 to 2.4 GW of capacity by the end of FY2026.
Mint
16-06-2025
- Business
- Mint
ReNew's profit surges fivefold to ₹313.7 crore in Q4
New Delhi: Nasdaq-listed ReNew Energy Global Plc on Monday reported a fivefold year-on-year jump in its profit in the quarter ended March. The net profit for the fourth quarter of FY25 stood at ₹ 313.7 crore ($37 million) compared with ₹ 60.9 crore ($7 million) a year earlier, according to the company's filing to the US Securities and Exchange Commission. The increase was primarily 'driven by higher operating revenues, external sales from our module and cell manufacturing operations, and lower tax incidence, partially offset by higher scale linked financing costs & depreciation, including costs attributable to external sales from our module and cell manufacturing operations, and lower resource availability," the filing said. ReNew Energy's total income during the period under review was ₹ 3,439.1 crore, nearly 39% higher than ₹ 2,477.6 crore a year earlier. The total revenue includes external sales from the module and cell manufacturing operations worth ₹ 991.4 crore. For the financial year 2024-25, the company reported a total income of ₹ 10,907 crore, compared with ₹ 9,653.1 crore in FY24. As of 31 March 2025, ReNew Energy said its portfolio comprised 17.3 gigawatts (GW) of green energy capacity, compared to 13.5 GW a year earlier. In the ongoing financial year (FY26), the company has signed 1.2 GW of power purchase agreements, taking the total portfolio to 18.5 GW along with a 1.1 GWh battery energy storage system. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing. On the proposed delisting, the company said that a special committee led by Manoj Singh, the lead independent director and comprising six independent non-executive ReNew directors, would consider the non-binding proposal and the active discussions are ongoing with the consortium of Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, Platinum Hawk C 2019 RSC Ltd (trustee for the Platinum Cactus A 2019 Trust, a wholly owned subsidiary of the Abu Dhabi Investment Authority), and Sumant Sinha, the founder, chairman and CEO of ReNew. The consortium had offered to acquire the listed shares of ReNew. On 11 December 2024, the company announced that it had received the non-binding proposal to acquire the entire share capital not already owned by members of the consortium for $7.07 per share. The special committee has retained an independent financial advisor, Rothschild & Co, and independent legal counsel Linklaters LLP, the statement said. 'Active discussions with the Consortium are ongoing and the Special Committee will provide an update to the market on the outcome as soon as reasonably practicable." The statement said the ReNew executive management's primary focus will be to continue to ensure the effective management of the company, in addition to helping evaluate the process as required by the special committee.
