ReNew Power

ReNew Power, founded by Mr Sumant Sinha, in 2011, is one of India’s leading renewable energy Independent Power Producer (IPP) by capacity, and is the 10th largest renewable IPP by operational capacity globally. A Nasdaq listed company (RNW), ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. With a total capacity of more than 10GW (including projects in pipeline), ReNew Power’s solar and wind energy projects are spread across 110+ sites, with a presence spanning 8 states in India, contributing to 1.4% of India’s power capacity. Currently, it contributes to 1.4% of India’s total installed power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In 10 years of its operation, ReNew Power has generated almost 1 lakh jobs, directly and indirectly. The company has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF and JERA. ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. The company stands committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.