ReNew, a global leader in clean energy solutions, celebrated a significant achievement by surpassing 10 GW of gross renewable energy assets. The milestone underscores the company’s pivotal role in India’s transition to sustainable energy.
Expansion and Capacity Growth
In the fiscal year 2023-24, ReNew completed the construction of 1.94 GW of renewable energy assets, pushing its cumulative capacity beyond 10 GW. Notably, the company’s revenue-generating capacity stands at 9.52 GW as of March 31, 2024.
During FY24, ReNew demonstrated remarkable growth with the addition of 1,174 MW of solar and 768 MW of wind energy. This substantial capacity expansion solidifies ReNew’s position as a frontrunner in India’s renewable energy sector.
Strategic Contributions to India’s Clean Energy Goals
ReNew’s significant contributions to India’s clean energy landscape include supplying approximately 10 percent of the nation’s total solar and wind energy generation in FY24. The company boasts India’s largest wind portfolio, representing 10.5 percent of the country’s total wind energy capacity.
Vision for Future Growth
Sumant Sinha, Founder, Chairperson, and CEO of ReNew, expressed pride in reaching this milestone and outlined ambitious plans for the future. ReNew aims to double its clean energy generation capacity in the coming years, aligning with India’s goal of tripling its renewable energy capacity by the end of the decade.
Commitment to Sustainability and Innovation
ReNew’s commitment to sustainability extends beyond energy production, encompassing social and environmental initiatives. The company’s adoption of Fourth Industrial Revolution technologies and focus on community engagement exemplify its dedication to driving positive change.
Established in 2011, ReNew has consistently spearheaded India’s renewable energy transformation. With a diverse portfolio and robust expansion plans, ReNew is poised to play a pivotal role in India’s journey towards a sustainable, low-carbon future.
Source：businesswire.com
