ReNew 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: Newsfilter
- Portfolio Expansion: ReNew's long-term agreement with Google expands its commercial and industrial portfolio to 2.7 GW, further solidifying its leadership position in India's clean energy market.
- Renewable Energy Contribution: The 150 MW solar project, scheduled for commissioning in 2026, is expected to generate approximately 425,000 MWh of clean electricity annually, equivalent to powering over 360,000 Indian households, thereby aiding India's goal of achieving 500 GW of non-fossil fuel energy by 2030.
- Climate Action Catalyst: This agreement not only enhances ReNew's bankability but also supports Google's efforts to reduce emissions across its value chain, highlighting the critical role of private sector investment in accelerating India's energy transition.
- Sustainability Commitment: ReNew is advancing towards its net-zero emissions target by 2040, promoting renewable energy use and value chain decarbonization through long-term partnerships with global tech leaders, further facilitating the transition to a low-carbon economy.
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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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