01/09/2025 | Press release | Distributed by Public on 01/09/2025 05:36
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.<_o3a_p>
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. <_o3a_p>
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."<_o3a_p>
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.<_o3a_p>
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.<_o3a_p>
Other events<_o3a_p>
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. <_o3a_p>
About ReNew<_o3a_p>
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. <_o3a_p>
For more information, visit http://www.renew.comand follow us on LinkedIn, Facebook, Twitter and Instagram.<_o3a_p>
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*As of 8th January 2025, 67% of 261 companies have been assessed for CSA 2024<_o3a_p>
**Includes 300 MW SECI solar asset, for which a definitive sale agreement was signed in December 2024 <_o3a_p>
Press Enquiries<_o3a_p>
Shilpa Narani | [email protected]<_o3a_p>
Investor Enquiries<_o3a_p>
Anunay Shahi, Nitin Vaid | [email protected]<_o3a_p>