India's ReNew Sees Domestic Clean Energy Boom Fueling Its Growth [BNN Bloomberg (Canada)]
ReNew Energy Global plc - Class A Shares (RNW)
Company Research
Source: BNN Bloomberg
ReNew Energy Global Plc will pause its overseas investment plans to focus on the fast-growing Indian market as it seeks to double its renewables capacity. “We don't need to go anywhere,” Chief Executive Officer Sumant Sinha said Thursday in a Bloomberg Television interview with Haslinda Amin. “At this time, our focus is entirely on India.” ReNew's plan to concentrate on the domestic market echoes rival Adani Green Energy Ltd.'s strategy to funnel much of its resources into India. The companies are betting on what Sinha reckons is a $500 billion investment opportunity, as the south Asian economy seeks to nearly triple its clean power capacity by 2030. ReNew, backed by investors including Canada Pension Plan Investment Board, Abu Dhabi Investment Authority and Jera Co., signed a preliminary accord in 2022 to invest $8 billion in a green hydrogen project in Egypt. It later said it was looking for offtake deals for that project and was exploring other regions such as Oman, Saudi Ar
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RNW
News
- ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in IndiaBusiness Wire
- ReNew Energy Global Plc (NASDAQ: RNW) had its price target lowered by analysts at Roth Mkm from $9.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- ReNew Crosses 10 GW of Gross Renewable Energy AssetsBusiness Wire
- India's ReNew Sees Domestic Clean Energy Boom Fueling Its Growth [Financial Post (Toronto, Ontario, Canada)]Financial Post
- ReNew Energy Global: The Indian Renewables Opportunity Is Opening Up [Seeking Alpha]Seeking Alpha
RNW
Sec Filings
- 4/4/24 - Form 6-K
- 3/25/24 - Form 144
- 2/20/24 - Form 6-K
- RNW's page on the SEC website