ReNew Power

company

About

ReNew Power is a renewable energy company that focuses on wind-energy projects.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$50M
Industries
Clean Energy,Energy,Renewable Energy,Solar,Wind Energy
Founded date
Jan 1, 2011
Number Of Employee
1001 - 5000
Operating Status
Active
Stock Symbol
nasdaq:RNW
Legal Name
ReNew Power Ltd.

ReNew Power is a renewable energy company that develops, builds, owns, and operates utility-scale wind, solar energy, and hydro projects. It has a total capacity of more than 10GW (including projects in the pipeline), ReNew Power’s solar and wind energy projects are spread across 110+ sites, with a presence spanning 8 states in India, contributing to 1.4% of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% of India’s total power sector emissions. In 10 years of its operation, ReNew Power has generated almost 1 lakh jobs, directly and indirectly.

It was founded by Mr. Sumant Sinha in 2011 and is based in Gurgaon, India.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
15
$3.82B ₹22.35B
ReNew Power has raised a total of $3.82B ₹22.35B in funding over 2 rounds. Their latest funding was raised on Aug 17, 2022 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 17, 2022 Post-IPO Debt $1B 1 Rabobank Detail
Jan 7, 2022 Post-IPO Debt $400M Detail
Aug 27, 2021 IPO Detail
Feb 23, 2021 Private Equity(PE) 1 Detail
Jan 22, 2020 Debt Financing $450M Detail

Investments

Number of Investments
Number of Lead Investments
1
1
ReNew Power has made 1 investments. Their most recent investment was on Mar 16, 2022, when Natera raised $5M.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 16, 2022 Natera
Post-IPO Equity $5M Biotechnology Yes

Employee Profiles

Number of Employee Profiles
9
ReNew Power has 9 current employee profiles, including Executive Sumant Sinha
Executive
Board member
Executive
Board member
Advisor

Acquisition

ReNew Power has acquired 3 organizations. Their most recent acquisition was KCT Renewable Energy on Dec 14, 2017. They acquired KCT Renewable Energy for 0.

Date Company Name
Industry Acquisition Type Price
Energy acquisition Detail
Apr 3, 2018 Ostro Energy
CleanTech acquisition Detail
Artificial Intelligence acquisition Detail