SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2022
Commission File Number: 001-40752
RENEW ENERGY GLOBAL PLC
(Translation of registrants name into English)
C/O Vistra (UK) Ltd 3rd Floor
11-12 St Jamess Square London SW1Y 4LB
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
ReNew will invest approximately $138 million for its 51% stake in a 400 MW Round the Clock (RTC) project and receive EPC margins for the development of the project. The current estimated cost of the project is $1.35 billion and the increase from the previous estimate of $1.2 billion is primarily due to (a) EPC margins in line with industry trends that would accrue to ReNew; (b) an increase in estimated capex due to inflation, and (c) an increase in taxes that is expected to be recovered through an increase in tariff over the 25 year PPA. Apart from procurement of major wind turbine components, ReNew and its affiliates would undertake all other major EPC works, amounting to an estimated ~US$ 612 million, for the RTC project.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|Dated: April 6, 2022
|RENEW ENERGY GLOBAL PLC