Renew Energy Global PLC
NASDAQ:RNW

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Renew Energy Global PLC Logo
Renew Energy Global PLC
NASDAQ:RNW
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Price: 5.5 USD -27.15% Market Closed
Market Cap: 2B USD

Renew Energy Global PLC
Investor Relations

In the vast and rapidly evolving landscape of renewable energy, Renew Energy Global PLC has emerged as a beacon of innovation and sustainability, driven by its mission to combat climate change and transition the world towards cleaner energy solutions. Hailing from a corporate heritage rooted in expertise and a forward-thinking ethos, the company operates at the intersection of technological advancement and ecological responsibility. Its core business involves the development, construction, ownership, and operation of renewable energy projects across solar and wind sectors. These projects are strategically dispersed across India, a nation endowed with ample sunlight and windy expanses, which facilitates the optimum conversion of natural resources into electricity with a significantly reduced carbon footprint compared to traditional methods.

Renew Energy Global generates revenue primarily through long-term agreements for the sale of electricity, often with the government or large end-users, secured through Power Purchase Agreements (PPAs). These contracts provide a steady cash flow and hedge against the volatility of energy prices, ensuring a sustainable financial model. Additionally, the company might earn from the sale of Renewable Energy Certificates (RECs), incentivizing electricity consumers and producers to transition towards more sustainable energy options. By leveraging cutting-edge technology to maximize efficiency and minimize cost, Renew Energy Global PLC not only reinforces its competitive edge but also enhances the attractiveness of its offerings in the global energy marketplace. Through strategic financing and meticulous planning, the company positions itself as a leader in the renewable sector, turning the promise of a greener future into a profitable reality.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 10, 2025
AI Summary
Q2 2026

Strong Growth: ReNew's revenue rose over 50% year-on-year in the first half of fiscal 2026, supported by expanded renewable capacity and robust manufacturing sales.

EBITDA Guidance Raised: The company reaffirmed its consolidated adjusted EBITDA guidance of INR 87–93 billion for FY26, now expecting to be at the higher end of that range. Manufacturing EBITDA guidance was increased to INR 10–12 billion.

Capacity Expansion: Over 2.1 GW of new renewable capacity was commissioned since October 2024 (up 22%), with an additional 1.2 GW added so far this fiscal year. FY26 construction targets of 1.6–2.4 GW remain on track.

Leverage Improvement: Headline leverage declined from 8.6% to 7% year-on-year, and operational leverage remains below internal thresholds.

Manufacturing Performance: Manufacturing margins moderated to 33% in Q2 (from 40% in Q1), attributed to seasonal factors and input costs; margins are expected to normalize further as capacity rises.

Contracting Pipeline: 3.8 GW of PPAs were signed in the last 12 months, with ongoing efforts to convert roughly 6 GW of LOAs into PPAs, although timelines remain uncertain due to DISCOM and transmission dynamics.

Sustainability Leadership: ReNew achieved an S&P Global CSA score of 83, the highest for any Indian IPP, and reported an 18.2% reduction in Scope 1 and 2 emissions from the baseline.

Take-private Progress: The special committee has only received a bid from the consortium and expects a binding offer by November; timeline for completion is estimated at 7–8 months.

Key Financials
Adjusted EBITDA
INR 53.5 billion (H1 FY26)
Manufacturing Adjusted EBITDA
INR 3.3 billion (Q2 FY26); INR 8.6 billion (H1 FY26)
EBITDA Margin (Manufacturing)
33% (Q2 FY26)
Installed Renewable Energy Capacity Commissioned
over 2.1 GW since October 2024; 1.2 GW YTD FY26
PPAs Signed
3.8 GW over last 12 months
Leverage (Headline)
7% (September 2025)
Leverage (Operating Asset Level, TTM)
5.5x
Manufacturing Production
over 2 GW modules and over 900 MW cells (H1 FY26)
S&P Global CSA Score
83
Scope 1 & 2 Emissions Reduction
18.2% reduction from baseline
Employee Diversity
16.2% full-time employee diversity
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sumant Sinha
Founder, Chairman & CEO
No Bio Available
Mr. Kailash Vaswani
Chief Financial Officer
No Bio Available
Nathan Judge
Investor Relations Officer
No Bio Available
Mr. Ashish Jain
Company Secretary & Compliance Officer
No Bio Available
Mr. Vikash Sohanlal Jain
Group President of Legal & CS
No Bio Available
Mr. Ajay Tripathi
Chief Human Resources Officer
No Bio Available
Ms. Vaishali Nigam Sinha
Cofounder of ReNew & Chairperson of Sustainability
No Bio Available
Mr. Balram Mehta
COO and Group President of ReNew Services Business & Wind Projects
No Bio Available
Mr. Sanjay Varghese
Group President of Solar Manufacturing & Solar Projects
No Bio Available
Mr. Vikram Kapur
Group President of Growth Business (Green Hydrogen, Carbon Credits, Digital) & International
No Bio Available

Contacts

Address
London
C/O 40 Bank Street, Canary Wharf
Contacts
+442075197216.0
renewpower.in