ReNew Energy Global

Sumant Sinha started ReNew in 2011. Goldman Sachs invested that September. In 2023, Goldman Sachs exited the company completely.

In 2014, ReNew entered the Indian solar market by commissioning its first distributed solar project. Its first project, a 25.2 MW wind site in Jasdan, Gujarat, was inaugurated by Narendra Modi, then Chief Minister of Gujarat. It commissioned India's largest solar farm (510 MW) in Telangana in 2017.

In 2016, it became the first Indian renewable energy company to achieve 1 GW capacity and was also among the first companies to scale to 10 GW installed capacity.

The company's initial investment came from Goldman Sachs in 2011. As of 2023, Canada Pension Plan Investment Board (CPPIB) is a major investor in the company.

In 2016, ReNew became the first renewable energy company to raise rupee-denominated “masala bonds”.

In 2017, JERA (a joint venture between Tokyo Electric Power and Chubu Electric Power) became an equity holder in the company. In 2019, it raised $450 million through dollar bonds to refinance existing debt. The same year, the Abu Dhabi Investment Authority (ADIA) invested $100 million via a rights issue.

In 2021, ReNew announced that it would go public through a merger with RMG Acquisition Corporation II. It was listed on the NASDAQ on 24 August 2021 under the symbol ‘RNW’.

In 2023, Norway's Climate Investment Fund managed by Norfund, along with pension fund KLP, invested ₹900 million in ReNew's transmission project in Karnataka.

In November 2025, ReNew announced an investment of ₹60,000 crore (US$6.7 billion) in Andhra Pradesh to develop renewable energy projects, following agreements with the state government.

As of December 2025, ReNew's total portfolio stood at approximately 19.2 GW, including 1.5 GW of battery energy storage systems (BESS), with a commissioned capacity of 11.4 GW.

As per reports in December 2025, Abu Dhabi Future Energy Company (Masdar) withdrew from a consortium planning to acquire and privatize ReNew Energy Global.

In 2019, ReNew partnered with Korean company GSE&C in renewable energy, jointly developing the SECI-4 project in Rajasthan.  A year later, in 2020, ReNew announced that it would manufacture solar cells and modules in India for 2 GW capacity.

In 2020, ReNew became the first renewable energy company to be named to the World Economic Forum’s Global Lighthouse Network.

In 2022, ReNew helped India avoid 0.5% of its annual carbon emissions and generated 14,263 GWh of clean electricity, enough to power around 4 million Indian households. In the same year, the company signed an agreement to set up a green hydrogen plant in Egypt.

ReNew reached 10 GW of gross renewable energy assets during 2023-24. It generated 17,385 GWh in 2023. It contributes approximately 10% of India’s total solar and wind energy generation and has the largest wind portfolio in India, with a capacity of 4.7 GW, representing 10.5% of India’s total wind energy capacity.

According to an Economic Times report, ReNew now operates approximately 18.5 GW of clean energy portfolio as of June 2025.

The company’s initial investment came from Goldman Sachs in 2011. As of 2023, Canada Pension Plan Investment Board (CPPIB) stands as ReNew’s major investor.

In 2016, ReNew became the first renewable energy company to raise rupee-denominated masala bonds.

In 2017, JERA (a joint venture between Tokyo Electric Power and Chubu Electric Power) became an equity holder to the company. In 2019, It raised $450 million through dollar bonds to retire some of its existing debt. The same year, the Abu Dhabi Investment Authority (ADIA) invested $100 million into ReNew via rights issue.

In 2021, ReNew announced that it would go public through its merger with a SPAC called RMG Acquisition Corporation II. The merged company was to be called ReNew Energy Global PLC and listed on NASDAQ. ReNew was listed on the NASDAQ on 24 August 2021 under the symbol ‘RNW’.

Its associated warrants expired worthless on 21 August 2026 as ReNew Energy PLC expressed a lack of interest on continuing expanding its share price and further increasing investor sentiment as reported on their Form 6-K dated 19 August 2026.

In 2023, Norway’s Climate Investment Fund managed by Norfund along with pension fund KLP invested Rs. 900 million in ReNew’s transmission project in Karnataka.

ReNew has a portfolio of more than 19.2 GW located in ten states of India.

ReNew has been recognized twice as a Lighthouse by the World Economic Forum and has been included in MIT Technology Review's list of Top 15 Climate Tech Companies to watch.

In 2023, ReNew received the Sustainable Market Initiative's Terra Carta Seal award. It has also been recognized as an Energy Transition Changemaker by the COP28 Presidency for deploying the country's first round-the-clock power project.

ReNew is the recipient of awards, including by the Economic Times, 2022, the Stevie International Business Awards (Energy Entrepreneur of the Year and Energy Sector Innovation of the Year in 2019 and Chairman of the Year and Energy Company of the Year in 2020, by VCCircle and S&P Global, the Clean Energy Transition Award at Reuters Responsible Business Awards, 2020, the Forbes India Leadership Award, 2017, among others.