ReNew Energy Global Plc is one of the largest renewable energy independent power producers (IPPs) in India and globally. Founded in 2011, the company focuses on the generation of electricity through non-conventional and renewable energy sources, primarily wind, solar, and hydro power. ReNew develops, builds, owns, and operates utility-scale and distributed clean energy projects, boasting a gross portfolio of over 19 GW of commissioned and committed capacity. The company's business model is vertically integrated, encompassing project development, engineering, procurement, and construction (EPC), as well as operations and maintenance (O&M).
In addition to power generation, which accounts for the vast majority of its revenue (approximately 75% in FY25), ReNew has diversified into solar equipment manufacturing, producing solar modules and cells for both internal use and external sales. The company is also expanding its footprint into emerging decarbonization technologies, including battery energy storage systems (BESS), green hydrogen, and intelligent energy management solutions. ReNew primarily operates in India, serving both state and central government utilities as well as commercial and industrial (C&I) customers through long-term power purchase agreements (PPAs). The company went public on the Nasdaq in 2021 via a SPAC merger and continues to play a critical role in India's energy transition and net-zero targets.
