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ReNew Power India
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Short description

Developer of solar and wind energy installations

Founded in 2011
Founded in

Company type Public Public (RNW)
Company type

Industry Group energy & power

Sector energy services

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters India India
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Updated by Cleantech Group on 04/25/2023

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Date Company
08/07/2023

Airtouch Airtouch

ReNew Power has purchased $2.5 million worth of Airtouch's solar panel cleaning machines and Airtouch will operate the cleaners for 25 years which is expected to generate an additional $5.9 million. The machinery will be installed by the end of the first half of 2024.

Confirmed by Airtouch
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Date Partner Type
08/07/2023
Airtouch Airtouch
ReNew Power has purchased $2.5 million worth of Airtouch's solar panel cleaning machines and Airtouch will operate the cleaners for 25 years which is expected to generate an additional $5.9 million. The machinery will be installed by the end of the first half of 2024.
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Confirmed by Airtouch
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IPO INFORMATION

Date

08/24/2021

IPO status

Listed

IPO Type

SPAC

Amount

$610M

Initial shares

Ticker symbol

RNW

Exchange listed

NASDAQ

Prospectus URL

Prospectus

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Description

ReNew Power entered into a definitive business combination agreement with RMG Acquisition Corporation II; upon closing, the combined entity is listed on the NASDAQ under the new ticker symbol “RNW”. The deal has created India’s largest publicly traded renewable energy company by total electricity generation.

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Date Investors Type Amount
04/24/2023 (0)
Post-money valuation of
ReNew Power has issued green bonds to raise US$400 million for its subsidiary Diamond II.
 Project Finance $400,000,000
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