VISION, MISSION AND VALUES

ReNew Power is committed to leading a change in the country’s current energy portfolio by delivering cleaner and smarter energy choices, thereby reducing India’s carbon footprint.

Clean Energy

5600 + MW

States

16

Total Equity

$880 million

Asset Base

$3 billion

Our Vision

To be a responsible leader in providing clean energy solutions for sustaining the Earth

Our Mission
  • To be India’s leading renewable energy company providing the most innovative clean energy solutions to our clients.
  • To execute and operate our projects efficiently and maintain the highest standards of quality, safety and environmental sustainability
  • To foster a culture of trust, collaboration and performance to achieve our business goals and be an employer of choice.
  • To adhere to the highest standards of corporate governance and be a responsible corporate citizen.
  • To operate ethically and fairly at all times while continually advancing stakeholder interests.

OUR VALUES & GUIDING PRINCIPLES

Collaboration

Team up, down & across;
Be a trustworthy partner

Effectiveness

Get things done;
Achieve results

Commitment

Continually give your best;
Drive excellence

Integrity

Be ethical;
Be accountable

OUR ACHIEVEMENTS

We are the largest renewable energy IPP in India in terms of total energy generation capacity. As of March 31, 2018, we had a total capacity of over 5.85 GW, comprising over 3.90 GW of operational capacity and over 1.60 GW of capacity under development

We have a strong track record of organic and inorganic growth having nearly doubled our operational capacity in each of the last three Fiscal Years.

We have demonstrated our ability to access diversified pools of Indian and international capital, including equity, project finance and corporate debt, from a broad cross-section of investors, lenders and other capital providers.

We have grown faster than the renewable energy industry in India as a whole over the Fiscals 2011 – 2018. Between Fiscals 2013 – 2018 we grew our total operational capacity at a CAGR of 96.46% as compared to a CAGR of 21% over Fiscals 2011 – 2018 for operational capacity growth in the Indian renewable energy industry as a whole.

Since incorporation, we have added more operational capacity organically than any other renewable energy IPP in India.

History of Innovative Financing

  • Raised raised more than USD 1.5 Billion through closure of nonconvertible debentures (NCDs).
  • First Indian renewables IPP to raise USD 475 million Rupee-denominated “masala” bonds.
  • Got a USD 250 Mn, 23 year debt line for NSM Solar projects from OPIC.
  • Got Takeout financing from IIFCL in renewable sector.
  • Obtained credit enhancement from IIFCL to get AA+(SO) rating on project debt.
  • Raised funds from an Infrastructure Debt Fund (IDF) in renewable sector.