RNWWW · ReNew Energy Global plc

ReNew achieved its highest annual commissioning milestone by adding 2.4 GW of renewable capacity in FY2026, comprising 1.75 GW solar, 0.62 GW wind, and 25 MW/100 MWh BESS, at the top end of guidance. This brought operating capacity to 12.6 GW after divesting 600 MW of assets, positioning ReNew as India's second-largest renewable operator and equivalent to powering 24 million households while avoiding 23 million tonnes of CO2e annually. Gross capacity reached 20 GW, with 450 MW fully constructed and imminent for commissioning. The C&I segment via ReNew Green demonstrated robust demand, securing 2.5 GW committed capacity (over 2 GW live) from global tech leaders like Microsoft, Amazon, and Google, bolstered by a $95M equity infusion from Leapfrog-led consortium in March 2026. Manufacturing scaled strongly, producing 4.1 GW modules and 1.86 GW cells during the year from 6.5 GW module and 2.5 GW cell capacity, supported by $100M from British International Investments, with 4 GW cell expansion targeted by December 2026. CEO Sumant Sinha highlighted execution strength amid India's rising power demand, renewable cost advantages, and policy support, underscoring long-term growth potential despite global headwinds. This operational delivery enhances ReNew's scale, diversification across utility/C&I/manufacturing, and leadership in India's green energy transition.