9 January 2025
ReNew
Gurugram, India, Jan 09, 2025:
ReNew Energy Global Plc ("ReNew") (NASDAQ: RNW), India’s leading
decarbonization solutions provider, has secured the highest score for a pure-play
renewable energy company in the Indian power sector in the recently released
S&P Global Corporate Sustainability Assessment (CSA) results. Demonstrating
a remarkable leap in its Environmental, Social, and Governance (ESG)
performance, ReNew scored an impressive 71 out of 100, registering an
extraordinary growth of almost 30% from its FY 2023 score of 55.
This
achievement places ReNew in the top 10 percentile of the global energy sector* and
marks a ground-breaking milestone as one of the two energy companies in India
to surpass the '70' score threshold.
Speaking
on this milestone, Vaishali Nigam Sinha,
Co-Founder and Chairperson - Sustainability, ReNew, said, “Becoming the
highest-rated pure-play renewable energy company in India in the S&P Global
CSA ratings is a defining moment for ReNew and solidifies our position as a
sustainability leader in the Indian power sector. This achievement highlights
our constant focus on sustainable practices, transparency, and fostering a
robust ESG culture. It reflects our unwavering commitment to setting new
benchmarks for the energy transition in India.”
ReNew’s
impressive performance in the CSA reflects its commitment to sustainable and
responsible business operations. The Company’s adoption of Integrated Reporting
and its continuous improvements in transparency and disclosures have played a
key role in achieving this distinction.
As
one of the world’s oldest and most trusted ESG rating systems, the S&P
Global CSA underscores ReNew’s leadership in decarbonisation and its role as a
pioneer in India’s energy transition.
Other events
ReNew signed 3 Power Purchase
agreements (PPAs) with a combined Renewable Energy capacity of ~1.1 GW, taking
its total portfolio as of January 8, 2025, to 17.4** GW on a gross basis. The
PPAs include a 50 MW solar PPA with the Solar Energy Corporation of India (“SECI”)
at INR 2.60 per unit, a 200 MW RTC PPA (RE ~600 MW) with Railway Energy
Management Company Limited (“REMCL”) at INR 4.37 per unit, and a ~250 MW FDRE
PPA (~RE 500 MW) with NHPC Limited at INR 4.64 per unit.
About ReNew
ReNew is a leading decarbonization
solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy
portfolio of ~17.4** GWs on a gross basis as of January 8, 2025, is one of the
largest globally. In addition to being a major independent power producer in
India, we provide end-to-end solutions in a just and inclusive manner in the
areas of clean energy, digitalization, storage, and carbon markets.
For more information, visit http://www.renew.com and follow us on LinkedIn,
Facebook, Twitter and Instagram.
*As of 8th January 2025, 67% of 261 companies have
been assessed for CSA 2024
**Includes 300 MW SECI solar asset, for which a
definitive sale agreement was signed in December 2024
Press Enquiries
Shilpa Narani | shilpa.narani@renew.com
Investor Enquiries
Anunay Shahi, Nitin Vaid | ir@renew.com
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