ReNew
Indian renewable-energy company developing and operating wind, solar, transmission, storage and other clean-energy infrastructure.
Last updated August 31, 2026
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Overview
ReNew, formerly known as ReNew Power, is an Indian renewable-energy company founded by Sumant Sinha in 2011. The business develops, owns and operates large-scale clean-energy assets, with its principal activities concentrated in wind and solar power. It has expanded into related infrastructure and technologies, including electricity transmission, battery energy storage, solar manufacturing and green hydrogen initiatives. The company is headquartered in Gurugram and has projects distributed across multiple Indian states. Goldman Sachs provided the company’s initial institutional backing in 2011, helping ReNew establish itself during a period when India was rapidly increasing its renewable-energy capacity. One of its early landmark assets was a 25.2 MW wind project at Jasdan in Gujarat. ReNew entered solar generation in 2014 through a distributed solar project and subsequently expanded into utility-scale solar. In 2017 it commissioned a 510 MW solar project in Telangana, described in reference material as India’s largest solar farm at the time. By 2016, ReNew had become the first Indian renewable-energy company to reach 1 GW of capacity, and it later scaled its portfolio into the multi-gigawatt range. The company’s growth has been supported by international investors and debt markets. It became the first renewable-energy company to issue rupee-denominated “masala bonds” in 2016. JERA became an equity investor in 2017, while the Abu Dhabi Investment Authority participated in a 2019 rights issue. ReNew also raised dollar-denominated bonds in 2019 to refinance existing debt. In 2021, it agreed to combine with the special-purpose acquisition company RMG Acquisition Corporation II. The resulting ReNew Energy Global began trading on Nasdaq on 24 August 2021 under the symbol RNW, making ReNew the first Indian renewable-energy company to list on that exchange. Goldman Sachs fully exited its investment in 2023, while the Canada Pension Plan Investment Board was identified as a major investor. ReNew has pursued a broader clean-energy platform rather than limiting itself to electricity generation. It has collaborated with Korean engineering company GSE&C on a renewable-energy project in Rajasthan, announced plans in 2020 to manufacture solar cells and modules in India, and participated in transmission infrastructure in Karnataka. It also signed an agreement to develop a green-hydrogen plant in Egypt. The company’s operations have been associated with significant electricity generation and avoided emissions in India, and reference material describes it as contributing roughly one-tenth of the country’s solar and wind generation, with one of India’s largest wind portfolios. The brand was renamed ReNew in February 2023. The company has received recognition from the World Economic Forum’s Global Lighthouse Network, the Sustainable Market Initiative’s Terra Carta Seal and other business, technology and sustainability organizations. ReNew remains focused on expanding renewable generation and complementary infrastructure in India, although portfolio and capacity figures vary by reporting date and by whether they refer to commissioned, gross or total development capacity.
History
ReNew was established in India in 2011 by Sumant Sinha, with Goldman Sachs supplying its initial institutional investment later that year. The company entered the market at a time when India was encouraging rapid expansion of renewable electricity and seeking to attract private capital into wind and solar infrastructure. Its early development included a 25.2 MW wind project at Jasdan in Gujarat, which was inaugurated while Narendra Modi was chief minister of the state. The business broadened beyond wind in 2014, when it commissioned its first distributed solar project. Solar became an increasingly important part of the portfolio, culminating in the commissioning of a 510 MW solar farm in Telangana in 2017. In 2016, ReNew became the first Indian renewable-energy company to reach 1 GW of capacity. It subsequently developed a much larger portfolio of wind and solar assets across India and became one of the country’s prominent independent renewable-power producers. ReNew financed expansion through a combination of equity investment, project finance and bond issuance. In 2016 it became the first renewable-energy company to issue rupee-denominated masala bonds. JERA became an equity holder in 2017. In 2019, the company raised $450 million through dollar-denominated bonds to refinance existing debt, and the Abu Dhabi Investment Authority invested $100 million through a rights issue. The Canada Pension Plan Investment Board later became a major investor. Goldman Sachs, the company’s original institutional backer, fully exited in 2023. The company also developed partnerships and adjacent capabilities. In 2019, ReNew partnered with Korean company GSE&C on renewable-energy development, including the SECI-4 project in Rajasthan. In 2020, it announced plans to manufacture solar cells and modules in India with planned capacity of 2 GW. The same year, ReNew became the first renewable-energy company to be included in the World Economic Forum’s Global Lighthouse Network. Its activities later extended to transmission, battery storage and green hydrogen, including an agreement concerning a green-hydrogen plant in Egypt. A major corporate turning point came in 2021, when ReNew announced a merger with RMG Acquisition Corporation II. The transaction created ReNew Energy Global as a Nasdaq-listed company, and trading began on 24 August 2021 under the ticker RNW. The listing gave the company access to international public capital while retaining its primary operating focus in India. In February 2023, the company rebranded from ReNew Power to ReNew. During 2023–24, it reported reaching 10 GW of gross renewable-energy assets. Reference material also reports 17,385 GWh of electricity generation in 2023 and describes ReNew as having one of India’s largest wind portfolios. Portfolio totals reported for 2025 vary according to methodology and date; cited material describes approximately 18.5 GW in June 2025 and approximately 19.2 GW by December 2025, including development and storage capacity, while commissioned capacity was reported separately. ReNew has continued to present itself as an integrated clean-energy platform spanning generation, storage, transmission, manufacturing and emerging fuels.
- 2023
Rebrand and transmission investment
[1]The company changed its public brand from ReNew Power to ReNew. Norfund’s Climate Investment Fund and KLP invested ₹900 million in a Karnataka transmission project.
- 2021
Nasdaq listing
[1]The company completed its combination with RMG Acquisition Corporation II and began Nasdaq trading on 24 August under RNW.
- 2020
Moves into manufacturing and receives Lighthouse recognition
[1]ReNew announced plans for Indian solar-cell and module manufacturing and joined the World Economic Forum’s Global Lighthouse Network.
- 2019
International financing and Rajasthan partnership
[1]ReNew raised $450 million through dollar bonds, received a $100 million ADIA rights-issue investment and partnered with GSE&C on renewable-energy development.
- 2017
Telangana solar farm commissioned
[1]ReNew commissioned a 510 MW solar farm in Telangana, described in reference material as India’s largest solar farm at the time. JERA also became an equity holder.
- 2016
Reaches 1 GW and issues masala bonds
[1]ReNew became the first Indian renewable-energy company to reach 1 GW of capacity and the first renewable-energy company to raise rupee-denominated masala bonds.
- 2014
Entry into solar generation
[1]The company commissioned its first distributed solar project.
- 2011
ReNew is founded
[1]Sumant Sinha founded ReNew, and Goldman Sachs provided the company’s initial institutional investment.
- 2011
First wind project
[1]ReNew’s 25.2 MW wind project at Jasdan in Gujarat became an early landmark asset.
Products and positioning
A large Indian clean-energy infrastructure platform combining renewable generation with storage, transmission, manufacturing and emerging green-hydrogen capabilities.
Renewable electricity generation · 2011
Wind power
Wind generation is one of ReNew’s foundational businesses. The company develops and operates onshore wind projects across Indian states and has been described as having the country’s largest wind portfolio, with reference material citing approximately 4.7 GW and roughly 10.5% of India’s wind capacity. Projects sell electricity through contracted and market-based arrangements.
Renewable electricity generation · 2014
Solar power
ReNew entered solar in 2014 through distributed generation and later developed large utility-scale solar parks. Its 510 MW Telangana project was a major early landmark. Solar generation complements the company’s wind portfolio and forms a core part of its multi-state renewable-energy platform.
Energy storage
Battery energy storage systems
Battery storage is an expanding part of ReNew’s integrated clean-energy strategy. Storage can help balance intermittent wind and solar output, support firm or round-the-clock renewable power and improve the flexibility of projects connected to India’s electricity system.
Electricity transmission
Transmission infrastructure
ReNew has invested in transmission infrastructure to connect renewable generation to the grid. A Karnataka transmission project received investment from Norfund’s Climate Investment Fund and KLP in 2023.
Renewable-energy manufacturing · 2020
Solar cells and modules
In 2020, ReNew announced plans to manufacture solar cells and modules in India with a stated intended capacity of 2 GW. The initiative was designed to complement project development and support domestic clean-energy supply chains.
Clean fuels · 2022
Green hydrogen
ReNew has explored green hydrogen as an adjacent clean-energy activity. In 2022, it signed an agreement concerning development of a green-hydrogen plant in Egypt, extending the company’s interests beyond electricity generation.
Brand decisions
2023
Rebranding from ReNew Power to ReNewStrategyBackground
The company was broadening its activities from wind and solar generation into storage, transmission, manufacturing and other clean technologies.
Action taken
It adopted ReNew as its public-facing brand name.
Aftermath
The shorter name positioned the company as a broader renewable-energy and clean-infrastructure platform rather than solely a power producer.
2021
Pursuit of a public listing through a SPAC mergerM&ABackground
ReNew sought access to international public capital and announced a combination with RMG Acquisition Corporation II.
Action taken
The transaction created ReNew Energy Global, which began trading on Nasdaq on 24 August 2021 under RNW.
Aftermath
The company became the first Indian renewable-energy company listed on Nasdaq, while its operating base remained India.
2020
Announcement of solar manufacturing plansStrategyBackground
ReNew sought to participate in India’s domestic clean-energy manufacturing supply chain in addition to owning generation assets.
Action taken
The company announced plans to manufacture solar cells and modules in India for a planned 2 GW capacity.
Aftermath
The announcement expanded ReNew’s stated business scope, although the supplied material does not establish the final operating status of the manufacturing plan.
Recent events
Reported
ReNew Power and Fluence announce energy storage joint venture[2]
ReNew Power and Fluence announced a partnership to establish a joint venture offering energy storage solutions in India. The venture's first project is a planned 150-megawatt-hour battery storage project supporting a 300-megawatt renewable energy project being developed by ReNew Power.
Reported
L&T and ReNew Power announce green hydrogen partnership[3]
Larsen & Toubro announced a partnership agreement with ReNew Power to jointly develop, own, execute and operate green hydrogen projects in India.
Reported
ReNew Energy Global lists on Nasdaq[4]
Following its merger with RMG, ReNew Power completed a listing on the Nasdaq stock exchange through the newly created ReNew Energy Global plc.
Reported
ReNew Power completes business combination with RMG Acquisition Corp II[5]
ReNew Power completed its business combination with Nasdaq-listed RMG Acquisition Corp II, which became a wholly owned subsidiary of ReNew Energy Global plc.
Reported
ReNew Power completes business combination with RMG II[6]
ReNew Power said it completed its business combination with RMG Acquisition Corporation II. Following the combination, RMG II became a wholly owned subsidiary of ReNew Energy Global plc.
Reported
ReNew Power announces acquisition of the Singoli Bhatwari hydropower project[7]
ReNew Power announced it would acquire L&T Uttaranchal Hydropower Ltd., which owns the Singoli Bhatwari Hydroelectric Project, from L&T Power Development Ltd. The acquisition would mark ReNew's entry into hydropower.
Reported
ReNew Power announces agreement to acquire operating solar projects in Telangana[7]
ReNew Power announced that it had signed a definitive agreement to acquire 260 MW/330 MWp of operating solar projects in Telangana.
- Unconfirmed
Reported
ReNew acquires two power projects with 359 MW capacity[8]
ReNew Power acquired two power projects with a combined capacity of 359 MW: a 260 MW solar project in Telangana and a 99 MW hydro power project in Uttarakhand.
Reported
ReNew Power announces merger agreement with RMG II[9]
ReNew Power announced a merger agreement with Nasdaq-listed RMG Acquisition Corp. II, with the transaction expected to close in the second quarter of 2021.
Reported
ReNew Power acquires Climate Connect[10]
ReNew Power said it had acquired Climate Connect, an AI and machine-learning start-up, to gain access to energy management services. ReNew Power said it planned to operate Climate Connect as an independent subsidiary.
Sources14 sources
- 1ReNew Energy Globalen.wikipedia.org
- 2ReNew Power 与 Fluence 宣布成立储能合资企业cleantechnica.com
- 3L&T与ReNew Power宣布绿色氢能合作business-standard.com
- 4ReNew Energy Global在纳斯达克上市windpowermonthly.com
- 5ReNew Power 完成与 RMG Acquisition Corp II 的业务合并domain-b.com
- 6ReNew Power完成与RMG II的业务合并economictimes.indiatimes.com
- 7ReNew Power宣布收购Singoli Bhatwari水电项目freepressjournal.in
- 8ReNew 收购总容量为 359 兆瓦的两个电力项目economictimes.indiatimes.com
- 9ReNew Power宣布与RMG II达成合并协议livemint.com
- 10ReNew Power 收购 Climate Connectenergy.economictimes.indiatimes.com
- 11ReNew Power与GS E&C宣布太阳能项目合资合作business-standard.com
- 12Energy firm ReNew Power partners with Korea's GS E&C to execute solar project in Rajasthanenergy.economictimes.indiatimes.com
- 13India's ReNew Power lists on Nasdaq, m cap touches $4.5 bn - BusinessTodaybusinesstoday.in
- 14ReNew announces acquisition of 2 projects worth Rs 2,850 cr - Daily Excelsiordailyexcelsior.com
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