ReNew Energy to set up $2.57 billion solar, wind project in India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2025
0mins
Source: Reuters
Investment in Renewable Energy: ReNew Energy Global plans to invest 220 billion rupees ($2.57 billion) in a hybrid renewable energy project in Andhra Pradesh, aiming to generate 2.8 GW of energy through solar and wind sources.
India's Clean Energy Goals: The investment comes as India seeks to meet its clean energy targets, needing to double capacity additions to achieve 500 GW of non-fossil power by 2030 after falling short in 2022.
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: 5.500
Low
7.00
Averages
7.67
High
8.00
Current: 5.500
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.








