On November 8, 2023, Renew Power announced its plan to invest Rs. 44,000 crore (US$ 5.29 billion) by FY’26, adding 9 GW of capacity. The investment, split between wind and solar projects, aims to secure Power Purchase Agreements (PPAs) for 5.5 GW by FY’24-’25, with bids won for an additional 3.5 GW.
In October 2023, ReNew was recognised in MIT Technology Review’s Top 15 Climate Tech Companies to Watch.
In September 2023, ReNew announced the launch of its Clinton Global Initiative (CGI) Commitment to Action by tackling two of the toughest barriers to the renewable energy transition— clean energy production and youth education.
On July 6, 2023, ReNew Energy Global Plc and Gentari Sdn Bhd announced a 50:50 joint venture to develop 5 GW of solar, wind, and energy storage projects in India. This partnership, facilitated by Gentari Renewables India Pte. Ltd., aligns with Petronas' goal to build 40GW of renewable energy capacity. The venture reflects ReNew's ambitious capital expenditure plan and accelerates both companies' decarbonization objectives.
ReNew Energy Global has been ranked among the top seven renewable power companies in the world and among the top 10 global utility firms by Morningstar Sustainalytics. Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material Environmental, Social, and Governance risks.
ReNew raises US$ 400 million through issuance of Green Bonds, sees strong demand from global investors.
ReNew is recognized as one of the best companies globally for ESG performance by Refinitiv.
In February 2023, ReNew Power rebranded itself as ReNew and announced that the new identity reflects the company’s transition from being a pure-play renewable independent power producer to an end-to-end provider of solutions across the decarbonisation spectrum.
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