ReNew, established in 2011 and a subsidiary of ReNew Energy Global PLC, is one of India’s largest renewable energy IPPs in terms of total energy generation capacity. Since commencing operations in 2011 with a 25.2 MW wind project in Jasdan, Gujarat, the company has grown exponentially, and has a current renewable asset base of 13.8 GW (as on Oct 2023), including projects under development and in the pipeline. ReNew is one of the largest renewable energy companies globally and in October 2019, ReNew became the first RE company in India and among the top 15 globally to cross 8.0 GW of total capacity. ReNew’s current commissioned capacity stands at ~8.3 GW (as on Oct 2023) which lights up approximately ~14 million homes across India, represents about 1% of total electricity demand in India, and mitigates 0.5% of India’s carbon emissions.
ReNew operates more than 150+ utility scale projects spread across 9 states in India. The company also provides decarbonization solutions through a mix of green hydrogen, intelligent (data-driven) solutions, energy storage, manufacturing, and carbon markets. As a responsible corporate citizen, ReNew works closely with communities to create a positive impact at the grassroots level. The company’s social initiatives have impacted 1 million lives. ReNew has committed to be a net zero company by 2040. ReNew has been ranked among the top seven renewable power companies in the world and among the top 10 global utility firms by Morningstar Sustainalytics. The company has been rated as a top performer on ESG performance by Refinitiv, sitting at the top of all electric utilities & independent power producers in India, and second overall globally for FY 21-22. Over the years, ReNew has been decorated with major industry awards. The company has been recognised as the Global Lighthouse by the World Economic Forum—the only renewable energy company worldwide to earn this distinction. It was recognised among the top 10 companies globally by Fortune Magazine’s ‘Change the World’ list. ReNew also received the Clean Energy Transition Award at the Reuters Responsible Business Awards 2020, and was identified as one of India’s best workplaces in the Oil, Gas and Energy category by Best Places to Work in 2021. The company has also won the Golden Peacock Award for Corporate Social Responsibility for 2022. In 2023, we were recognised among ‘Top 15 Climate Tech Companies to Watch’ by the MIT Technology Review.