ReNew Power, established in 2011, is one of India’s largest renewable energy IPPs in terms of total energy generation capacity and the first Indian RE firm to list on NASDAQ (NASDAQ: RNW). Since commencing operations with a 25.2 MW wind project in Jasdan, Gujarat, the company has grown exponentially and has a current renewable asset base of more than 13 GW, including projects under development and in the pipeline. In May 2022, ReNew Power became the 1st RE company in India to cross 7.5 GW of installed capacity. ReNew’s total capacity including pipeline and under-construction projects amounts to more than 13 GW.
ReNew Power develops, builds, owns and operates utility-scale wind and solar energy projects that generate energy for the government, commercial and industrial customers. It today operates more than 140+ utility-scale projects spread across 9 states in India. In more than a decade of its operation, ReNew projects have generated over 1.3 lakh jobs, directly and indirectly. ReNew generates 1.8% of India’s total electricity annually, and in doing so helps mitigate half a per cent of India’s carbon emissions in a year. Currently, the company is ranked among India’s top 40 companies across sectors by asset size and has the highest CAGR of assets among Indian companies in the last 5 financial years. It is India’s only renewable energy unicorn as per the Hurun India Unicorn Index 2020. In March 2020, ReNew Power became the first renewable energy company in the world to be named to the World Economic Forum’s Global Lighthouse Network, which is an exclusive community of organizations that have demonstrated exemplary adoption of 4 IR technologies for business impact. Recently, ReNew Power was recognized among the top 10 Companies globally in Fortune Magazine’s 2021 ‘Change the World’ list.
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