Record Construction and Operating Capacity
ReNew Power constructed over 2 gigawatts of renewable energy assets in fiscal year 2025, increasing total operating capacity to 11.2 gigawatts, which is a new high for the company. This represents a 17% increase year-over-year and a 21% increase after excluding asset sales.
Significant Contracted Portfolio Growth
The contracted portfolio now stands at 18.5 gigawatts, 18% higher than the previous year. ReNew added 1.3 gigawatts of Power Purchase Agreements (PPAs) since Q3 fiscal 2025 and signed PPAs for 5.3 gigawatts since April 2024.
Strong Financial Performance
Adjusted EBITDA grew by 14% year-over-year, with margins in the IPP business improving to almost 83%. Profit before tax increased by 23% to INR 10 billion.
Expansion of Manufacturing Capabilities
ReNew's solar manufacturing facilities with 6.4 gigawatts of module manufacturing and 2.5 gigawatts of cell capacity are fully stabilized and contributing significantly to the P&L. The company plans to expand the cell facility by 4 gigawatts.
Positive Rate Environment for Financing
The Reserve Bank of India's rate cuts are beginning to reflect in new greenfield financing, and ReNew raised USD 2 billion in debt financing at competitive rates.
ESG and Sustainability Achievements
ReNew Power achieved top ESG ratings and received several awards, including the CII Climate Action Program award and inclusion in the S&P Global Sustainability Yearbook.