ReNew Energy Partners with Google for 150 MW Solar Project in Rajasthan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Businesswire
- Long-term Partnership: ReNew's long-term agreement with Google will develop a 150 MW solar project expected to be commissioned by 2026, generating approximately 425,000 MWh annually, equivalent to powering over 360,000 Indian households, significantly advancing India's clean energy transition.
- Portfolio Expansion: This agreement expands ReNew's commercial and industrial portfolio to 2.7 GW, reinforcing its position as a leading provider of clean energy and carbon reduction solutions in India, thereby enhancing its market competitiveness.
- Renewable Energy Investment: The project's implementation will support India's target of achieving 500 GW of non-fossil fuel energy capacity by 2030, underscoring the essential role of private sector investment in accelerating the clean energy transition.
- Climate Action Precedent: The collaboration between ReNew and Google reflects growing global confidence in India's clean energy ecosystem, promoting scalable climate-positive solutions and helping global companies meet their sustainability commitments.
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Analyst Views on RNW
Wall Street analysts forecast RNW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RNW is 7.67 USD with a low forecast of 7.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 5.430
Low
7.00
Averages
7.67
High
8.00
Current: 5.430
Low
7.00
Averages
7.67
High
8.00
About RNW
ReNew Energy Global Plc is a decarbonization solutions company. The Company is a utility-scale renewable energy solutions provider in India. Its segments include wind power, solar power, hydro power, transmission line, and manufacturing. Its wind power segment includes utility-scale wind energy projects in India. Its solar power segment includes utility-scale solar energy projects in India. Its hydro power segment includes hydro energy projects in India. Its transmission line segment includes construction and maintenance of transmission lines. Its manufacturing segment includes manufacturing of solar panels and modules. It primarily operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It conducts business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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