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ReNew Power Ventures Pvt. Ltd. is one of the largest clean energy companies in India with an installed and operational capacity of 500 MW across the states of Maharashtra, Rajasthan, Karnataka and Gujarat. The company has an additional portfolio of 500 MW of wind energy, currently under construction. ReNew Power, which is also one of the most capitalized renewable energy companies in the country, has recently forayed into utility-scale solar with a pipeline of 250 MW of projects, under construction in Madhya Pradesh, Andhra Pradesh and Telangana. ReNew Power is committed to leading a change in the country’s current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India’s carbon footprint. 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. The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions. The company upholds ethical corporate practices and complies with FCPA regulations. It is committed to continually improve Quality, Health, Safety and Environment (QHSE) performance of its people and operations. To meet stringent QHSE targets, ReNew Power is certified for Integrated Management System (IMS), which include the following International Standards: • ISO 9001 – Quality Management System • ISO 14001 – Environment Management System • OHSAS 18001 – Occupational Health & Safety Management System Key stakeholders in ReNew Power are Goldman Sachs, Asian Development Bank, Global Environment Fund and the founder Chairman and CEO Sumant Sinha, who has extensive corporate experience both in India and overseas.
TypePrivate
Founded2011
Websiterenewpower.in
Employee Ratings4

Latest Updates

Employees (est.) (Sep 2019)759(+3%)

Key People/Management at ReNew Power

Sumant Sinha

Sumant Sinha

Founder & CEO
Parag Sharma

Parag Sharma

COO
Pushkar Prasad

Pushkar Prasad

VP of HR & Admin
Balram Mehta

Balram Mehta

Senior VP of Techno Commercial
Kailash Vaswani

Kailash Vaswani

VP of Corporate Finance
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ReNew Power Office Locations

ReNew Power has offices in Hyderabad, Pune, Gurugram, Bhopal and in 1 other location
Bengaluru, IN
Curve Rd, Swamy Shivanandapuram, Shivaji Nagar
Bhopal, IN
Shop No. 10, Rohit Nagar Shopping Complex Phase 1, Rohit Nagar, Bawadiya Kalan
Gurugram, IN
Commercial Block-1 Golf Course Road Phase V, DLF City, Zone 6
Hyderabad, IN
Plot no. 44, Road Number 2, Sagar Society, Sri Nagar Colony, Kamalapuri Colony, Banjara Hills
Pune, IN
304, 3rd Floor, Town Square, Shopping Centre, New Airport Rd, Mhada Colony, Viman Nagar
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ReNew Power Financials and Metrics

Summary Metrics

Founding Date

2011

ReNew Power total Funding

$2.3 b

ReNew Power latest funding size

$300 m

Time since last funding

3 months ago

ReNew Power investors

ReNew Power's latest funding round in July 2019 was reported to be $300 m. In total, ReNew Power has raised $2.3 b. ReNew Power's latest valuation is reported to be $2 b.
View all funding rounds

ReNew Power Revenue

Market valuation

2.0b
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ReNew Power Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Ostro Energy PrivateApril 02, 2018$1.54 b

ReNew Power Online and Social Media Presence

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ReNew Power News and Updates

Clean energy company ReNew Power raises $300M via rights issue

Goldman Sachs, Abu Dhabi Investment Authority (ADIA) and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, with each of the shareholders infusing $100 million.

Goldman-Backed ReNew Power Plans Asset Sale as IPO Shelved

The company isn’t alone in withdrawing plans for an IPO or considering an infrastructure investment trust

ReNew Power, NTPC eye PTC India's wind power business

ReNew Power and NTPC are expected to soon submit binding bids for acquiring the PTC India's wind power assets.The sale, being managed by KPMG's investment banking arm, could fetch a valuation of around ₹2,000 crore

ReNew Power secures OPIC debt funding of up to USD 350 mn

Clean energy producer ReNew Power Thursday said it has secured fresh debt financing of up to USD 350 million from the US government's development finance institution Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing when OPIC had granted a loan of USD 250 mil…

Will set up 325,000 Mw renewable capacity in 10 years: ReNew Power CEO

Promoters in India identify too closely and control their companies too much, says ReNew Power CEO Sumant Sinha

Norway's Equinor plans to pick a substantial stake in ReNew Power

Goldman Sachs, the lead investor in the firm, & Abu Dhabi Investment Authority are looking to exit
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ReNew Power Blogs

IIT Delhi Confers Distinguished Alumnus Award 2018 on Sumant Sinha

The post IIT Delhi Confers Distinguished Alumnus Award 2018 on Sumant Sinha appeared first on ReNew Power.

ReNew Power Wins 3 MW Floating Solar PV Project at Visakhapatnam

The post ReNew Power Wins 3 MW Floating Solar PV Project at Visakhapatnam appeared first on ReNew Power.

ReNew Power Frequently Asked Questions

  • When was ReNew Power founded?

    ReNew Power was founded in 2011.

  • Who are ReNew Power key executives?

    ReNew Power's key executives are Sumant Sinha, Parag Sharma and Pushkar Prasad.

  • How many employees does ReNew Power have?

    ReNew Power has 759 employees.

  • Who are ReNew Power competitors?

    Competitors of ReNew Power include CleanChoice Energy, Enel Green Power and Vergnet.

  • Where are ReNew Power offices?

    ReNew Power has offices in Hyderabad, Pune, Gurugram, Bhopal and in 1 other location.

  • How many offices does ReNew Power have?

    ReNew Power has 5 offices.