OUR MILESTONES

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2021

– ReNew becomes the world’s first renewable energy company to be named to the World Economic Forum’s Global Lighthouse Network
– Raised USD 1045 million through overseas sale of green bonds
– ReNew Power has made its Nasdaq debut, becoming the first Indian company to raise around USD 1 bn by taking SPAC route for Nasdaq listing

2020

– ReNew Power wins India’s first ever Round The Clock Renewable Energy tender for 400 MW
– ReNew Power wins 300 MW in SECIs wind -solar hybrid plus storage tender for peak power supply
– ReNew Power commits INR 20 Cr. towards Post Covid relief and rehabilitation
– Acquires Climate Connect – a digital – analytics, software development, machine learning and artificial intelligence startup with specialization in the power sector
– Raised $325 million through overseas sale of green bonds, first successful bond issuance by an Indian renewables company post Covid induced economic slowdown

2019

-Became the first clean energy company in India and 11th globally (ex-China) to cross 5 GW of installed capacity; also ranked among top Indian companies by asset base
-Obtained a second round of debt funding of up to USD 350 million from the US Government’s development finance institution, Overseas Private Investment Corporation (OPIC)
-Raised USD 1.2 billion during March 2019 to January 2020
-Renew. Hub, Gurugram based corporate office awarded LEED GOLD certification by US Green Buildings Council for model sustainable construction; also received certification from The Great Place To Work institute
-Commissioned ReNew’s largest solar plant of 300 MW capacity at Pavagada, Karnataka. It is India’s first utility scale solar plant to use high-efficiency Mono PERC modules and is based on seasonal tilt technology
-Inked partnerships with leading South Korean construction firm GS E&C, Japanese utility JERA and Equinor. Concluded tie-ups with premier academic institutions such as Princeton, Stanford and Columbia University for industry-academia collaborative research

2018

-We approximately doubled our operational capacity with capacity added through our acquisitions by end of this Fiscal
-CPPIB invested in our Company by purchasing the Equity Shares held by ADB for a total consideration of ₹ 9,180 million and further invested ₹ 16,089 million as subscription to Equity Shares, in January and March 2018, respectively
-We completed the acquisition of Ostro Energy Private Limited (“Ostro Energy”) and its portfolio of wind and solar energy projects in March, 2018. In line with our in-house EPC strategy for development of our utility scale solar energy projects, we completed in-house development of projects

2017

-We became the first renewable energy IPP in India to reach 1 GW of renewable commissioned capacity in April 2016
-We approximately doubled our operational capacity including capacity added through our acquisitions by end of this Fiscal
-We acquired the assets of Vikram Solar Group and completed the acquisition of utility scale wind energy project located at Vinjalpur with a capacity of 12 MW
-The Restricted Group issued masala bonds with an aggregate value of ₹ 31,227 million to refinance a part of our portfolio

2016

-We approximately doubled our operational capacity.
-We commissioned our first utility scale solar energy project at Sheopur with a capacity of 50 MW in three phases.

-Our Company became the first renewable energy independent power producer (“IPP”) of India to raise Rupee denominated masala bonds

2015

-We commissioned our first large distributed solar energy project in 2015

2014

-We commissioned our first distributed solar energy project with a capacity of 300 kWp in July 2014

2013

-GSW further invested in our Company in the form of Equity Shares in July 2012 and in September 2012

2012

-GSW invested in our Company in the form of Equity Shares in September 2011

-We commissioned our first utility scale wind energy project in Jasdan, Gujarat (with a capacity of 25.2 MW) in March 2012

2011

-ReNew Power raised initial equity from GS

-ReNew Power had 0 MW capacity commissioned / under execution