Founded in 2011 by Sumant Sinha, ReNew Power began as a bold idea to transform India’s energy sector. Sinha, a former Wall Street banker, leveraged his financial expertise and experience in the energy industry to navigate early challenges like land acquisition, regulatory hurdles, and power purchase agreements.

A turning point came with Goldman Sachs’ $200 million investment, enabling ReNew to scale from its first 25 MW wind farm in Gujarat to over 13 GW of current and planned capacity across India. Strategic diversification into solar, disciplined bidding, and long-term contracts helped the company mitigate risks in a volatile market.

ReNew’s innovative approach included backward integration with solar module manufacturing and a balanced technology mix of wind and solar. The company now contributes nearly 1.8% of India’s electricity and mitigates 0.5% of national carbon emissions. FY 2024 revenue crossed ₹97 billion with a net profit of ₹414 crore.

Beyond numbers, ReNew has created over 100,000 jobs and positively impacted millions of lives, proving that sustainable business can drive both financial returns and environmental change.