Company Overview

ReNew Energy Global plc (ReNew) is a leading renewable energy company focused on the development, ownership, and operation of utility-scale clean energy projects. The company operates primarily in the renewable energy and power generation industries, with a core emphasis on wind, solar, and hybrid renewable solutions, alongside a growing presence in energy storage. ReNew generates revenue mainly through long-term power purchase agreements (PPAs) with government-backed entities and commercial and industrial customers, providing predictable and contracted cash flows.

Founded in 2011, ReNew was established to address India’s growing demand for clean and reliable energy. The company scaled rapidly through organic project development and acquisitions, becoming one of the largest renewable energy producers in India. In 2021, ReNew completed a business combination that resulted in its listing on NASDAQ under the ticker RNW, providing access to international capital markets and supporting its long-term growth strategy.

Business Operations

ReNew’s operations are organized around its core renewable energy segments, including Wind Power, Solar Power, and Hybrid and Firm Power Solutions, which integrate wind, solar, and battery storage assets. The company develops, builds, owns, and operates generation assets, earning revenue primarily from the sale of electricity under long-term PPAs, as well as from green attributes such as renewable energy certificates where applicable. Its asset base includes a diversified portfolio of operating, under-construction, and committed projects.

The company conducts the vast majority of its operations in India, where it works closely with central and state government utilities, as well as private-sector offtakers. ReNew controls project development capabilities, engineering and project management expertise, and operational platforms for asset monitoring and maintenance. Its key operating subsidiaries include ReNew Power Private Limited and other project-specific special purpose vehicles that hold individual generation assets.

Strategic Position & Investments

ReNew’s strategic direction centers on scaling capacity, improving portfolio quality, and expanding into higher-value renewable solutions such as hybrid power, round-the-clock renewable energy, and energy storage. The company continues to invest in battery storage systems to complement intermittent generation and to support grid stability, aligning with evolving procurement needs in India’s power market.

Growth has been supported by selective acquisitions of operating and late-stage development assets, as well as ongoing capital investment into new projects awarded through competitive auctions. ReNew has also explored adjacent areas such as green hydrogen and digital energy management solutions, although commercial scale deployment in these areas remains at an early stage based on publicly available disclosures.

Geographic Footprint

ReNew’s operational footprint is concentrated in India, with renewable energy projects distributed across multiple states, including Rajasthan, Gujarat, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, and Telangana. This geographic diversification reduces resource and policy concentration risk and allows the company to leverage region-specific wind and solar profiles.

The company is headquartered in Gurugram, Haryana, India, while its corporate structure is domiciled in the United Kingdom through ReNew Energy Global plc. Although revenue is overwhelmingly generated in India, the company maintains an international presence through capital markets activities, global investors, and technology and equipment sourcing relationships.

Leadership & Governance

ReNew was founded by Sumant Sinha, who has played a central role in shaping the company’s strategy and growth trajectory, emphasizing scale, disciplined capital allocation, and long-term contracted revenues. The leadership team brings experience from global energy, infrastructure, and financial services organizations, supporting governance standards aligned with publicly listed companies.

Key executives include:

• Sumant Sinha – Founder, Chairman, and Chief Executive Officer
• Kedar Upadhye – Chief Financial Officer
• Vikram Vaidyanathan – Group President, Commercial
• Vaibhav Jain – Chief Investment Officer
• Saurabh Kumar – Chief Operating Officer

The leadership philosophy focuses on sustainable growth, operational excellence, and contributing to India’s energy transition while maintaining financial discipline and transparency expected by global investors.