ReNew Energy Global Hits Record 2.4 GW FY2026 Commissioning, Becomes India’s Second-Largest Renewable Operator

ReNew Energy Global ( (RNW) ) has issued an announcement.

On April 15, 2026, ReNew Energy Global reported that in FY2026 it commissioned around 2.4 GW of new renewable capacity in India, lifting its operating portfolio to roughly 12.6 GW and making it the country’s second-largest renewable energy operator by capacity after accounting for the sale of 600 MW of assets. The new additions, comprising 1.75 GW of solar, 0.62 GW of wind and a 25 MW/100 MWh battery storage system, mark the company’s highest-ever annual commissioning and, together with about 450 MW of fully constructed projects awaiting commissioning, underscore its execution strength and the growing role of renewables in meeting India’s rising power demand.

ReNew highlighted that its commercial and industrial arm, ReNew Green, now has 2.5 GW of committed capacity, more than 2 GW of which is operational, supported by blue-chip clients including Microsoft, Amazon and Google and bolstered by a $95 million equity injection in March 2026 from a Leapfrog Investments–led consortium. The company’s solar manufacturing business, which produced over 4.1 GW of modules and 1.86 GW of cells in FY2026 and received a $100 million equity investment from British International Investments earlier in the year, reinforces ReNew’s vertically integrated position in India’s energy transition, with its 12.6 GW operating base expected to power about 24 million households and avoid around 23 million tonnes of CO₂e emissions annually.

The most recent analyst rating on (RNW) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.

Spark’s Take on RNW Stock

According to Spark, TipRanks’ AI Analyst, RNW is a Neutral.

The score is driven by improving operations and a constructive earnings update (raised guidance, refinancing progress, and capital recycling), but tempered by high leverage and negative free cash flow that increase funding risk. Technicals add pressure due to a clear downtrend, while valuation is moderately supportive based on the P/E.

To see Spark’s full report on RNW stock, click here.

More about ReNew Energy Global

ReNew Energy Global is a Nasdaq-listed decarbonization solutions provider and one of the world’s largest clean energy companies, with a gross portfolio of about 20 GW as of March 31, 2026, including 1.7 GW of battery storage. The company operates as a major independent power producer in India and offers end-to-end services across utility-scale and commercial and industrial segments, along with digital energy solutions, storage, carbon markets, and a sizable solar manufacturing platform with 6.5 GW of module and 2.5 GW of cell capacity, which it is expanding by a further 4 GW.

Average Trading Volume: 802,043

Technical Sentiment Signal: Sell

Current Market Cap: $1.76B

For a thorough assessment of RNW stock, go to TipRanks’ Stock Analysis page.