ReNew crosses 10 GW of gross renewable energy assets


ReNew announced this week that it completed construction of 1.94 GW of renewable energy assets (1,174 MW of solar and 768 MW of wind energy) in FY 2023-24, taking the cumulative capacity set up by the company to over 10 GW. Accounting for assets sold, the company’s revenue generating capacity stands at 9.52 GW as on March 31, 2024.

In FY 2023-24, ReNew contributed about 10% of India’s total solar and wind energy generation. The company has a wind portfolio of 4.7 GW, representing 10.5% of India’s total wind energy capacity.

In 2023-24, ReNew won auctions to supply 4.8 GW of RE power (PPA capacity), accounting for 10.1% of the total capacity for which tenders were concluded during the year. Looking ahead, this would enable the company to double its RE asset portfolio to 20 GW by 2027-28.

ReNew has a deep presence across the country with over 150 renewable energy sites across 10 Indian states and employs more than 4,000 people. The company is among the top ten renewable energy companies globally (outside China), owing to its balanced portfolio of solar and wind energy. It has also achieved backward integration through the manufacturing of solar modules and cells.

As on Dec. 31, 2023, the company had a balance sheet size of around $10.6 billion (INR 88,600 crore), with strong visibility of funding for current and future projects.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: