ReNew and Asian Development Bank Unveil $331 Million Agreement for Major Renewable Energy Initiative in Andhra Pradesh
Funding Secured: ReNew Energy has secured US$331 million from the Asian Development Bank (ADB) as part of a US$477 million financial package for a large-scale clean energy project in Andhra Pradesh, which will also include US$146 million arranged through other lenders.
Project Details: The project will integrate 837 MWp of wind and solar capacity with a 415 MWh battery energy storage system, expected to generate 1,641 GWh of clean energy annually, enhancing grid stability and supporting India's energy transition.
Strategic Partnership: This initiative marks the first peak power renewable energy project financed by ADB, reinforcing the long-standing collaboration between ReNew and ADB aimed at decarbonizing India's power sector.
Future Developments: ReNew's ongoing projects include a US$2.5 billion investment in a 2.8 GW hybrid renewable energy complex, which will feature domestically manufactured solar panels and advanced technologies to maximize efficiency and support India's low-carbon growth.
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RENEW SETS DATE AND CONFERENCE CALL INFORMATION FOR FY26 THIRD QUARTER EARNINGS REPORT
- Announcement of Earnings Call: Renew has announced the date and details for its third quarter FY26 earnings call.
- Focus on Financial Performance: The earnings call will provide insights into the company's financial performance for the third quarter.
ReNew Reports Q2 Fiscal Year 2026 Results, Highlighting 84% Year-Over-Year Net Profit Growth for the First Half of FY2026
Company Performance: ReNew Energy Global Plc reported a significant increase in its portfolio capacity to ~18.5 GWs as of September 30, 2025, with a year-over-year growth in commissioned capacity of 12.8% to ~11.4 GWs.
Financial Results: For H1 FY26, total income reached INR 79,715 million (US$ 898 million), with a net profit of INR 9,806 million (US$ 110 million), reflecting substantial growth compared to H1 FY25.
Revenue Breakdown: Revenue from power sales for H1 FY26 was INR 51,548 million (US$ 581 million), while external sales from solar module and cell manufacturing contributed INR 23,351 million (US$ 263 million) to total income.
Future Guidance: The company expects to complete construction of 1.6 to 2.4 GWs by the end of FY26 and anticipates external sales from solar manufacturing to contribute INR 10-12 billion to Adjusted EBITDA.
ReNew and Asian Development Bank Unveil $331 Million Agreement for Major Renewable Energy Initiative in Andhra Pradesh
Funding Secured: ReNew Energy has secured US$331 million from the Asian Development Bank (ADB) as part of a US$477 million financial package for a large-scale clean energy project in Andhra Pradesh, which will also include US$146 million arranged through other lenders.
Project Details: The project will integrate 837 MWp of wind and solar capacity with a 415 MWh battery energy storage system, expected to generate 1,641 GWh of clean energy annually, enhancing grid stability and supporting India's energy transition.
Strategic Partnership: This initiative marks the first peak power renewable energy project financed by ADB, reinforcing the long-standing collaboration between ReNew and ADB aimed at decarbonizing India's power sector.
Future Developments: ReNew's ongoing projects include a US$2.5 billion investment in a 2.8 GW hybrid renewable energy complex, which will feature domestically manufactured solar panels and advanced technologies to maximize efficiency and support India's low-carbon growth.
ReNew Announces Date and Conference Call Details for First Quarter FY26 Earnings
Earnings Report Announcement: ReNew Energy Global plc will release its first quarter earnings report for fiscal year 2026 on August 13, 2025, after Nasdaq closes, with a conference call scheduled for August 14, 2025, at 8:30 AM EST.
Company Overview: ReNew is a leading decarbonization solutions company with a clean energy portfolio of approximately 18.5 GW, focusing on providing comprehensive clean energy solutions and addressing climate change through various innovative offerings.
ReNew Launches Its Second Integrated Report, Celebrating 15th Year of Clean Energy Leadership
Significant Emission Reductions: ReNew Energy Global Plc has achieved an 18.2% reduction in Scope 1 and 2 emissions from its FY22 baseline, surpassing its FY25 target, while sourcing 76% of its electricity from renewables, exceeding the 2025 goal of 50%.
Commitment to Sustainability: The company saved over 540 million liters of water through initiatives, celebrated its 15th anniversary by generating 22 billion kWh of clean energy, and enhanced gender diversity within its workforce, reflecting its dedication to sustainability and social impact.
ReNew Energy Global Plc files its Annual Report on Form 20-F for Financial Year ended March 31, 2025
Annual Report Filing: ReNew Energy Global Plc has filed its annual report on form 20-F for the financial year ending March 31, 2025, with the U.S. Securities and Exchange Commission, available on their website and upon request for shareholders.
Company Overview: ReNew is a leading decarbonization solutions company with a clean energy portfolio of approximately 18.5 GWs, focusing on providing comprehensive solutions in clean energy and addressing climate change through digitalization and carbon markets.
RENEW SETS DATE AND CONFERENCE CALL INFORMATION FOR FY26 THIRD QUARTER EARNINGS REPORT
- Announcement of Earnings Call: Renew has announced the date and details for its third quarter FY26 earnings call.
- Focus on Financial Performance: The earnings call will provide insights into the company's financial performance for the third quarter.
ReNew Reports Q2 Fiscal Year 2026 Results, Highlighting 84% Year-Over-Year Net Profit Growth for the First Half of FY2026
Company Performance: ReNew Energy Global Plc reported a significant increase in its portfolio capacity to ~18.5 GWs as of September 30, 2025, with a year-over-year growth in commissioned capacity of 12.8% to ~11.4 GWs.
Financial Results: For H1 FY26, total income reached INR 79,715 million (US$ 898 million), with a net profit of INR 9,806 million (US$ 110 million), reflecting substantial growth compared to H1 FY25.
Revenue Breakdown: Revenue from power sales for H1 FY26 was INR 51,548 million (US$ 581 million), while external sales from solar module and cell manufacturing contributed INR 23,351 million (US$ 263 million) to total income.
Future Guidance: The company expects to complete construction of 1.6 to 2.4 GWs by the end of FY26 and anticipates external sales from solar manufacturing to contribute INR 10-12 billion to Adjusted EBITDA.
ReNew and Asian Development Bank Unveil $331 Million Agreement for Major Renewable Energy Initiative in Andhra Pradesh
Funding Secured: ReNew Energy has secured US$331 million from the Asian Development Bank (ADB) as part of a US$477 million financial package for a large-scale clean energy project in Andhra Pradesh, which will also include US$146 million arranged through other lenders.
Project Details: The project will integrate 837 MWp of wind and solar capacity with a 415 MWh battery energy storage system, expected to generate 1,641 GWh of clean energy annually, enhancing grid stability and supporting India's energy transition.
Strategic Partnership: This initiative marks the first peak power renewable energy project financed by ADB, reinforcing the long-standing collaboration between ReNew and ADB aimed at decarbonizing India's power sector.
Future Developments: ReNew's ongoing projects include a US$2.5 billion investment in a 2.8 GW hybrid renewable energy complex, which will feature domestically manufactured solar panels and advanced technologies to maximize efficiency and support India's low-carbon growth.
ReNew Announces Date and Conference Call Details for First Quarter FY26 Earnings
Earnings Report Announcement: ReNew Energy Global plc will release its first quarter earnings report for fiscal year 2026 on August 13, 2025, after Nasdaq closes, with a conference call scheduled for August 14, 2025, at 8:30 AM EST.
Company Overview: ReNew is a leading decarbonization solutions company with a clean energy portfolio of approximately 18.5 GW, focusing on providing comprehensive clean energy solutions and addressing climate change through various innovative offerings.
ReNew Launches Its Second Integrated Report, Celebrating 15th Year of Clean Energy Leadership
Significant Emission Reductions: ReNew Energy Global Plc has achieved an 18.2% reduction in Scope 1 and 2 emissions from its FY22 baseline, surpassing its FY25 target, while sourcing 76% of its electricity from renewables, exceeding the 2025 goal of 50%.
Commitment to Sustainability: The company saved over 540 million liters of water through initiatives, celebrated its 15th anniversary by generating 22 billion kWh of clean energy, and enhanced gender diversity within its workforce, reflecting its dedication to sustainability and social impact.
ReNew Energy Global Plc files its Annual Report on Form 20-F for Financial Year ended March 31, 2025
Annual Report Filing: ReNew Energy Global Plc has filed its annual report on form 20-F for the financial year ending March 31, 2025, with the U.S. Securities and Exchange Commission, available on their website and upon request for shareholders.
Company Overview: ReNew is a leading decarbonization solutions company with a clean energy portfolio of approximately 18.5 GWs, focusing on providing comprehensive solutions in clean energy and addressing climate change through digitalization and carbon markets.
