OverviewSuggest Edit

ReNew Power is a renewable energy company. it 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.

TypePrivate
Founded2011
HQGurugram, IN
Websiterenewpower.in
Employee Ratings4.2

Latest Updates

Employees (est.) (Jul 2021)1,091
Revenue (FY, 2019)₹1 B(+3%)

Key People/Management at ReNew Power

Michael Specht Bruun

Michael Specht Bruun

Director
Sumant Sinha

Sumant Sinha

Chairman and Managing Director
Ram Charan

Ram Charan

Independent Director
Satoshi Yajima

Satoshi Yajima

Director
Anuj Girotra

Anuj Girotra

Director
Vanitha Narayanan

Vanitha Narayanan

Independent Director
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ReNew Power Office Locations

ReNew Power has offices in Gurugram, Bengaluru, Bhopal, Hyderabad and in 2 other locations
Gurugram, IN (HQ)
Commercial Block-1, Zone 6, Golf Course Road, DLF City Phase-V
Bengaluru, IN
#16 Ground Floor, Curve Road, Tasker Town, Near Indian Express Circle
Bhopal, IN
292, Rohit Nagar Phase- 1, Bawadiakala
Hyderabad, IN
Aparna Crest, First Floor, Road No. 2, Banjara Hills
Jaipur, IN
707, 7th Floor, Kailash Tower, Tonk Road, Lal Kothi
Pune, IN
304, 3rd Floor, Town Square Shopping Center New Airport Rd
Show all (6)

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

2 years 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

ReNew Power's revenue was reported to be ₹1.04 b in FY, 2019 which is a 2.6% increase from the previous period.
INR

Revenue (FY, 2019)

1.0b

Revenue growth (FY, 2019 - FY, 2019), %

2.6%

Net income (FY, 2019)

55.5m

EBITDA (FY, 2019)

888.7m

Market valuation

2.0b

Cash (31-Mar-2020)

280.0m

EV

5.1b
INRFY, 2017FY, 2018FY, 2019

Revenue

889.7m1.0b1.0b

Revenue growth, %

14%3%

Operating expense total

434.0m433.7m451.3m

Depreciation and amortization

297.3m297.3m297.3m
INRFY, 2017FY, 2018FY, 2019

Cash

31.0m465.2m280.0m

Accounts Receivable

487.7m248.0m90.9m

Prepaid Expenses

9.4m9.9m6.7m

Current Assets

1.4b1.5b1.7b
INRFY, 2017FY, 2018FY, 2019

Net Income

(12.3m)142.2m170.2m

Depreciation and Amortization

297.3m291.3m297.3m

Accounts Payable

62.1m(132.1m)6.0m

Cash From Operating Activities

954.8m867.8m877.1m
Show all financial metrics

ReNew Power Acquisitions / Subsidiaries

Company NameDateDeal Size
Ostro Energy PrivateApril 02, 2018$1.54 b

ReNew Power Online and Social Media Presence

Embed Graph

ReNew Power News and Updates

ReNew Power Announces New Affiliate Relationship with the Precourt Energy Institute's 'StorageX Initiative' for New Energy Storage System Technology Development

GURGAON, India, June 8, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced a collaboration agreement with the Precourt Institute for Energy at Stanford University and its StorageX Initiative ("StorageX"). StorageX is an...

ReNew Power to Participate in Upcoming Investor Conferences in June

GURGAON, India, June 7, 2021 /PRNewswire/ -- ReNew Power (or "ReNew"), today announced that its management will present and meet with investors at the following events: Cowen Sustainability & Energy Transition Summit, June 8, 2021 RBC Global Energy, Power & Infrastructure Conference, June...

ReNew Power, India's Leading Renewable Energy Company, Announces the Commissioning of 105 MW Solar Generation Project

GURGAON, India, April 21, 2021 /PRNewswire/ -- ReNew Power ("ReNew", or "the Company"), India's leading renewable energy company, announced that it has commissioned a 105 megawatt (MW) solar generation facility in the Indian state of Gujarat. The project has a 25-year power purchase...

ReNew Power, India's Leading Renewable Energy Company, Announces the Commissioning of 110 MW Solar Generation Project

GURGAON, India, April 7, 2021 /PRNewswire/ -- ReNew Power ("ReNew", or "the Company"), India's leading renewable energy company, announced that it has commissioned a 110 megawatt (MW) solar generation facility in the Indian state of Rajasthan. As part of the project, ReNew has signed a...

ReNew Power successfully prices $585 Million of U.S. Dollar-Denominated "Green Bonds"

GURGAON, India, April 5, 2021 /PRNewswire/ -- ReNew Power Private Limited ("ReNew Power" or the "Company"), India's leading renewable energy company, today announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated senior secured "green bonds" due 2028 on March 31,...

ReNew Power completes 300-MW wind farm in Gujarat

Indian renewable power producer ReNew Power Pvt Ltd on Thursday said it has commissioned a 300-MW wind power plant in the western Indian state of Gujarat.
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ReNew Power Blogs

Gender-responsive lens will create equitable world for women in a post-COVID world

Gender budgeting and gender-responsive-investing makes the allocation of resources equitable and needs to be addressed in every sector and not in health, education or rural areas alone. Read MoreGender-responsive lens will create equitable world for women in a post-COVID world

A promising Budget in the midst of a crisis

In the midst of a global pandemic, an economic downturn and a social crisis of epic magnitude, the first paperless budget (perhaps a reinstatement of the government’s commitment to the environment), is meant to pave the path towards recovery, in terms of health and finance, and reinvigorate human ca…

Climate entrepreneurship is the key to India’s rise to global leadership

What would be a better way to encourage women to enter the mainstream economic activity than through climate entrepreneurship!Read MoreClimate entrepreneurship is the key to India’s rise to global leadership

India won’t be Atmanirbhar without collaboration between Industry and Academia

The timeline to curb carbon emissions globally is growing disturbingly short and India will have to play its part as one of the biggest developing countries in the worldRead MoreIndia won’t be Atmanirbhar without collaboration between Industry and Academia

COVID 19: AN OPPORTUNITY TO EXPAND WOMEN’S ROLE IN RENEWABLE ENERGY

Uninterrupted access to affordable, modern and clean energy can act as a game changer for women, empowering them and bringing about a dramatic improvement in their quality of life, particularly in developing nations. Read MoreCOVID 19: AN OPPORTUNITY TO EXPAND WOMEN’S ROLE IN RENEWABLE ENERGY
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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 Michael Specht Bruun, Sumant Sinha and Ram Charan.

  • How many employees does ReNew Power have?

    ReNew Power has 1,091 employees.

  • What is ReNew Power revenue?

    Latest ReNew Power annual revenue is ₹1 b.

  • What is ReNew Power revenue per employee?

    Latest ReNew Power revenue per employee is ₹955.8 k.

  • Who are ReNew Power competitors?

    Competitors of ReNew Power include CLP India, Greenko and Hero Future Energies.

  • Where is ReNew Power headquarters?

    ReNew Power headquarters is located at Commercial Block-1, Zone 6, Golf Course Road, DLF City Phase-V, Gurugram.

  • Where are ReNew Power offices?

    ReNew Power has offices in Gurugram, Bengaluru, Bhopal, Hyderabad and in 2 other locations.

  • How many offices does ReNew Power have?

    ReNew Power has 6 offices.