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ReNew Power

  • Operational capacity of 5.44 GW
  • Revenue of Rs. 54,491 million (US$ 742 million) in FY21.
  • India’s largest renewable energy independent power producer

ReNew Power Ventures operates as an independent power producer. The company engages in the generation of non-conventional energy through solar and wind power. It sells its power to state electricity boards and large industrial companies in India. It was founded in 2011 and commenced operations in 2012 with their first project with a capacity of producing 25.20 MW from Jasdan, Gujarat. Renew Power has a capacity of more than 8.65 GW of wind & solar power assets, of this, more than 5.44 GW is already operational across the country. It plans to double its portfolio of running plants and projects under implementation to 10,000 MW in five years.

Company Website: https:// renewpower.in

ReNew Power – Tapping Solar Lighting Lives

2021

In September 2021, ReNew Power announced that it has commissioned a 250 MW solar project in Jaisalmer district, Rajasthan.

In August 2021, ReNew Power acquired two operating renewable energy portfolios in India — 260MW/330MWp solar projects in the state of Telangana and a 99MW hydropower facility in Uttarakhand. The combined value of the acquisition was roughly Rs. 28.5 billion (US$ 384.0 million).

In June 2021, ReNew Power announced an agreement with the Precourt Institute for Energy’s ‘StorageX Initiative’ for the development of new energy storage system technology.

In May 2021, ReNew Power announced plan to build a solar cell and module manufacturing capacity in Gujarat.

In April 2021, the company announced that it has commissioned a 105 megawatt (MW) solar generation project in Gujarat.

In April 2021, the company announced its goal to achieve net-zero greenhouse gas emissions by 2050.

In April 2021, the company announced that it has commissioned a 110 megawatt (MW) solar- generation project in Rajasthan.

ReNew Power announced that it has commissioned a 300-megawatt (MW) wind power generation facility in Gujarat.

ReNew Power was named in the World Economic Forum's (WEF) Global Lighthouse Network, which honours firms using emerging technologies to achieve environmentally sustainable, community-friendly and productive development.
2020

In August, ReNew Power and the UN Environment Programme (UNEP) inked an agreement to promote access to renewable energy and improve energy efficiency.

ReNew Power will invest Rs. 2,000 crore (US$ 271.99 million) in manufacturing solar cells in India

Acquired artificial intelligence and machine learning start-up Climate Connect
2019 Entered in agreement with South Korea based GS E&C to execute its 300 MW solar power plants in Rajasthan
At Vidya School, 5.12kW solar-rooftop system was inaugurated which was installed by ReNew Power
Received World Quality Congress Awards 2019 for Best Solar Utility of the Year and Best Solar Innovation
2019 ReNew Power announced commissioning of its 300 MW solar plant at Pavagada Solar Park in Karnataka.
2018
Achieved a total operational capacity of 3.92 GW.
Acquired OEPL and KCT with an operational portfolio of 858.10 MW and 103.10 MW Respectively.
2017 Acquired the assets of Vikram Solar Group.
2017
Became the first renewable energy IPP in India to reach 1 GW of renewable commissioned capacity.
2016 Doubled operational capacity and achieved a total commissioned capacity of 986.90 MW.
2016 Became the first renewable energy independent power producer (“IPP”) of India to raise Rupee denominated masala bonds.
2015 Commissioned their first large distributed solar energy project with a capacity of 860 kWp.
2014 Investments by GSW, ADB and GEF in the form of equity.
2012 Commissioned their first utility scale wind energy project with 25.2MW capacity.

 

Renewable Energy
The Government of India is aiming to achieve 227 GW of renewable energy capacity by 2022, much ahead of its target 175 GW as per the Paris Agreement.