OUR MILESTONES

2021
solar panel projects

– ReNew becomes the world’s first renewable energy company to be named to the World Economic Forum’s Global Lighthouse Network.

2020
solar panel projects

– 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
solar panel projects

-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 375 million through the issue of Green Bonds and USD 300 million via Rights Issue with existing investors Goldman Sachs, ADIA and CPPIB contributing equally.
-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
solar panel projects

-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
solar panel projects

-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
solar panel projects

-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
solar panel projects

-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