Significant Increase in Operational Portfolio
ReNew reported a 26% year-over-year increase in operational megawatts, with the total operational portfolio reaching 10.8 gigawatts. This reflects strong execution capabilities in project commissioning.
Strong Growth in Committed Portfolio
The total committed portfolio grew by 27% year-on-year to 17.4 gigawatts, with an additional 1.1 gigawatts since the last earnings call.
Cost Optimization Success
Achieved a 500 basis points improvement in margins due to cost optimization initiatives, resulting in lower provisions and improved cash flows.
Recognition for ESG Efforts
ReNew was recognized as India's highest-rated pure-play renewable energy company by S&P, highlighting its commitment to sustainability and ESG practices.
Manufacturing Expansion
ReNew's manufacturing facility is producing around 10 megawatts per day of modules and has secured an order book of about 2 gigawatts, doubling in a quarter.