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