Sumant Sinha

ReNew Results for Q4 And Full Fiscal Year 2024- Net Profit Rises To $50 Million

Nasdaq listed, Sumant Sinha led  ReNew Energy Global Plc , has announced its unaudited consolidated IFRS results for Q4 FY24 and year ended March 31, 2024. Operating Highlights: • As of March 31, 2024, the company’s portfolio consisted of ~13.5 GWs, of which ~9.5 GWs are generating revenue and ~4 GWs are committed, compared to […]

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News Briefs May 16- ReNew & SG Tie-Up, Nextracker’s Milestone, Carbon PV

ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects NASDAQ listed ReNew, has announced the signing of a Memorandum of Understanding (MoU) with French banking major Societe Generale, to support the financing and development of the Company’s various strategic energy transition projects both in India and globally. […]

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ReNew Contracts 5 PPAs Worth 2.2 GW, 438 MW Corporate PPA

Underlining its continued progress with key objectives like a larger portfolio and inroads into the corporate PPA market, ReNew, one of India’s leading renewable energy companies, has announced the signing of five Power Purchase Agreements (PPAs) totaling ~2.2 GW of RE capacity. These significantly expand its fully contracted renewable energy portfolio that now stands at […]

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ReNew Crosses 10 GW Of Gross Renewable Energy Assets

Sumant Sinha led  ReNew, one of the earliest and largest players in the clean energy space in India,  announced on Wednesday that it has completed construction of 1.94 GW of RE assets in FY24, taking the cumulative capacity set up by the company to over 10 GW, a major milestone for the firm. Accounting for […]

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ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion Funding

ReNew Energy Global Plc (“ReNew”), on Sunday, signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects. The MoU covers projects with investment value of more than US$ 5.3 billion between 2023 and 2028. The MoU was signed at COP28, Dubai by ReNew’s Founder, […]

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E-Mobility Startup Baaz Bikes Eyes New Subscription Models with $8 Mn Funding

Baaz Bikes, an electric mobility platform that helps gig workers make deliveries by its in-house designed bikes supported by automated battery swapping infrastructure, has pocketed $8 Mn in its Series A funding round. The funding round was led by BIG Capital based in Singapore. It also saw participation from Japan-based Rakuten Capital, Kalaari Capital, 9Unicorns, […]

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Kailash Vaswani to Steer ReNew as Chief Financial Officer

The Board of Directors of ReNew Energy Global plc has accepted the resignation of Kedar Upadhye as the Chief Financial Officer of ReNew Energy Global Plc, on September 6, 2023.Upadhye’s resignation will be effective on October 30, 2023. Upadhye is resigning to pursue an opportunity outside ReNew in a products-driven sector. Sumant Sinha, Founder, Chairman […]

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ReNew Energy Q1 Analyst Meet- Focus On Derisking, Valuations

On the second anniversary of its NASDAQ listing, ReNew Energy Global had a very positive outlook to share with analysts. Be it the growth in portfolio by almost 3 GW, almost all of it comitted through PPAs, or the drop in average collection period from over 200 to 114 days, or a clear growth path […]

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ReNew Power Is Now ReNew, As Firm Seeks A Bigger Canvas

NASDAQ listed Renew Power has a new name, logo and domain now. The firm has made a serious statement of intent with a shift to the more generic ReNew along with the matching domain, at The changes are being accompanied with the firm’s transition from being just an energy player to a firm seeking […]

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