ReNew offers decarbonization solutions including green hydrogen, intelligent data-driven solutions, energy storage, solar manufacturing, and carbon credits. The company has 6.4 GW of solar module and 2.5 GW of solar cell manufacturing capacity with plans to expand solar cells manufacturing by 4GW in 2026. ReNew has been ranked among the top seven renewable power companies globally and has received numerous awards including twice being recognised as a Global Lighthouse by the World Economic Forum.
Cyborg Score Rationale
The company reported a 6.6-fold increase in net profit for the first nine months of FY2026 with total revenue reaching ₹111.08 billion, up 46.3% compared to the prior year. Commissioned capacity increased 12.8% year-over-year to ~11.4 GWs as of September 30, 2025, with an additional 212 MWs commissioned in October 2025. Strategic portfolio diversification into manufacturing provides additional revenue streams.
Top Insights
Q3 FY26 total income rose 48% year-on-year to ₹31.37 billion with net loss narrowing to ₹198 million from ₹3.88 billion
External sales from solar module and cell manufacturing operations increased to ₹30.01 billion from ₹3.46 billion, with net profit surging to ₹6.85 billion
Operating capacity increased from 10.7 GW to 11.8 GW since December FY25, with portfolio growing 19% or 2 GW over the last 12 months despite 900 MW asset sales
In December 2025, Abu Dhabi Future Energy Company (Masdar) withdrew from a consortium planning to acquire and privatize ReNew Energy Global
Named Competitors
Renewable Energy Generation — Global renewable power platform
Solar Energy — Owned solar and wind assets operator
Renewable Energy Generation — Distributed renewable energy solutions
Recent Developments
(February 2026) Q3 FY26 revenue surged 48% year-on-year to ₹31.37 billion with manufacturing operations contributing significantly to profitability
(December 2025) Masdar withdrew from privatization consortium; commissioned capacity reached 11.4 GW with additional 240 MW subsequently commissioned
(November 2025) Q2 FY26 results showed 84% net profit increase in H1 FY26 with portfolio expansion to 18.5 GW
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