ReNew Power Private Limited
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ReNew Power Private Limited - overview
Established
2011
Location
Gurgaon, Haryana, India
Primary Industry
Renewable Energy
About
Based in Haryana, India, and founded in 2011, ReNew Power Private Limited provides renewable energy services for industries such as automobile, government, retail, pharmaceuticals, and railways. Sumant Sinha is the founder, chairman, and CEO of the company. As of 2024, The company is a public company and is listed on Nasdaq under the ticker symbol RNW. In August 2021, RMG Acquisition Corporation II, a SPAC backed by RMG, alongside BlackRock, BNP Paribas Private Equity, Sylebra Capital, Zimmer Partners LP, TT International Asset Management Ltd.
, and Mr. Chamath Palihapitiya, acquired ReNew Power Private Limited. In March 2023, CPP Investment Board agreed to acquire a 14% minority stake in ReNew Power Private Limited from Goldman Sachs Asset Management for USD 286. 6 million, or USD 4.
8 apiece, in a PIPE deal. ReNew develops, builds, owns and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. With a total capacity of more than 10GW, ReNew Power’s solar and wind energy projects are spread across 110+ sites, with a presence spanning 8 states in India. The firm has a group of stockholders containing several marquee investors including Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF, and JERA.
The company works with its portfolio companies to offer renewable energy solutions including, but not limited to, rooftop solar panels, floating solar panels, thermal plants, ground-mounted solar energy, and virtual power plants.
Current Investors
Riverside Management Group, BlackRock, Sylebra Capital
Primary Industry
Renewable Energy
Sub Industries
Electric Utilities, Solar Power, Wind Power
Website
www.renewpower.in/
Verticals
Clean Technology
Total Amount Raised
Subscriber access only
ReNew Power Private Limited - timeline of key events
ReNew Power Private Limited - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 194,983,628.196 | 381,912,717.286 | 12,538,191.613 | 12,512,660.64 | 9,323,753.655 | - | - | - |
| % Revenue Growth (YoY) | - | 95.9% | (96.7%) | (0.2%) | (25.5%) | - | - | - |
| EBITDA (USD) | 180,122,736.889 | 340,142,669.492 | 11,937,457.049 | 11,449,172.311 | 8,110,609.729 | - | - | - |
| Operating Income (USD) | 123,030,675.742 | 229,598,349.786 | 7,679,995.136 | 7,254,347.926 | 5,065,827.026 | - | - | - |
| Operating Margin | 63.1% | 60.1% | 61.3% | 58.0% | 54.3% | - | - | - |
| % EBITDA Margin | 92.4% | 89.1% | 95.2% | 91.5% | 87.0% | - | - | - |
| NET Income (USD) | 7,597,121.146 | 8,067,089.387 | 1,510,463.334 | 782,798.743 | 389,737.036 | - | - | - |
| % Net Margin | 3.9% | 2.1% | 12.0% | 6.3% | 4.2% | - | - | - |
ReNew Power Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, PIPE, Trade Sale | Completed | ReNew Power Private Limited | - | ||||||||
| LP Direct, Trade Sale | Completed | ReNew Power Private Limited | - | ||||||||
| Add-on | Completed | ES Energy | - | ||||||||
| Add-on | Completed | Srei Equipment Finance Ltd. | - | ||||||||
| Add-on | Completed | Ostro Energy Private Limited | - |
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ReNew Power Private Limited - employee data
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