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ReNew surpasses 10 GW RE capacity, adds 1.94 GW in FY24

Thursday, 11 Apr 2024
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Clean energy firm ReNew has completed the construction of 1.94 GW of renewable assets in FY24, taking its total capacity to over 10 GW. Accounting for assets sold, the company's revenue generating capacity stands at 9.52 GW as on 31 March, 2024.

The company added 1,174 MW of solar and 768 MW of wind energy during FY24. During this period, ReNew contributed about 10 percent of the country's total solar and wind energy generation. In particular, the company's wind portfolio of 4.7 GW, represents 10.5 percent of India's total wind energy capacity.

In 2023-24, ReNew won the auctions to supply 4.8 GW (PPA) RE capacity, accounting for 10.1 percent of the total capacity for which tenders were concluded during the year. Looking ahead, this would enable the company to double its RE asset portfolio to 20 GW by 2027/28.

ReNew has a presence across the country with over 150 renewable energy (RE) sites across 10 Indian states and employs more than 4,000 people. The company achieved backward integration through the manufacturing of solar modules and cells.

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