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ReNew Power
About
ReNew Power is a renewable energy company that focuses on wind-energy projects.
- Gurgaon,Haryana,India
- 1001 - 5000
- http://www.renewpower.in
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
| 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
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Mar 16, 2022
Natera
|
Post-IPO Equity | $5M | Biotechnology | Yes |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Rabobank
|
Yes | Post-IPO Debt |
Abu Dhabi Investment Authority
|
Yes | Funding Round |
Canada Pension Plan Investment Board
|
Yes | Funding Round |
Goldman Sachs
|
Yes | Funding Round |
OPIC - Overseas Private Investment Corporation
|
Yes | Debt Financing |
Yes Bank
|
Yes | Debt Financing |
JERA
|
Yes | Private Equity（PE） |
Asian Development Bank
|
Yes | Debt Financing |
Sylebra Capital
|
— | Private Equity（PE） |
Global Environment Fund Management
|
— | Private Equity（PE） |
Employee Profiles
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 | |
|---|---|---|---|---|
|
Dec 14, 2017
|
Energy | acquisition | — | Detail |
|
Apr 3, 2018
Ostro Energy
|
CleanTech | acquisition | — | Detail |
|
Jun 4, 2020
Climate Connect Technologies
|
Artificial Intelligence | acquisition | — | Detail |
