Company Description
ReNew Power is the largest renewable energy IPP in India in terms of total energy generation capacity. Since commencing operations with a 25.2 MW wind project in Jasdan, Gujarat, the company has grown exponentially, and has a current renewable asset base of over 8 GW, of which more than 5 GW is operational.
ReNew Power 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. It today 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.
Established in the year 2011 by Sumant Sinha, ReNew Power is backed by marquee investors from across the globe such as Goldman Sachs, Abu Dhabi Investment Authority, Canada Pension Plan Investment Board, JERA (a joint venture between two of Japan’s largest utilities companies, Tokyo Electric Power Co., Inc. and Chubu Electric Power Co.) and Global Environment Fund.