ReNew Power is a leading renewable energy producers in India, initially focusing on purchasing and operating the majority of wind farms in India.
ReNew Power Private Limited develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.
ReNew Wind Power was founded in Jan 2011 by Sumant Sinha. The company is headquartered in Gurgaon, Haryana, India.
ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable and socially responsible manner.
ReNew Power commissioned its first wind farm project in Rajkot district in Gujarat in 2012. Shri. Narendra Modi, the Prime Minister of India, inaugurated the 25.2 MW wind farm at Jasdan.
ReNew Power operates more than 100 utility scale projects spread across 8 states in India, generating 1% of India’s total electricity and helping to mitigate 0.5% of India’s total carbon emissions. In 7 years of its operation, ReNew projects have generated almost 40,000 jobs, directly and indirectly.
ReNew Power is backed by Goldman Sachs, Abu Dhabi Investment Authority, JERA, Chubu Electric Power Co., Global Environment Fund, Canadian Pension Plan Investment Board and others. The company raised $450M in a Debt financing on Jan 22, 2020. This new round brings ReNew Power's total funding to $2.8B to date.
ReNew Power was reported valued at $2B, when JERA acquired 10 per cent by investing around $200 million in 2017. Renew Power was named Wind Energy Developer of the Year at 4th Wind IPP Summit Awards 2014-15; Energy & Environment Foundation Environment Award- Gold Category at the EEF "Global Awards 2015"; Best Corporate Social Responsibility Practices Award at 5th Asia Best CSR Practices Awards 2015.