FINWIRES · TerminalLIVE
FINWIRES

ReNew Commissions Record 2.4 GW in FY2026, Becomes India's Second-Largest Renewable Operator

-- Indian firm ReNew Energy Global Plc commissioned approximately 2.4 gigawatts of renewable energy capacity in the fiscal year ended Mar. 31, its highest-ever annual addition, lifting its total operating portfolio to about 12.6 GW, the second-largest in India, the company said in a statement on Wednesday.

The figure reflects an adjustment for 600 megawatts of assets sold during the year. The newly commissioned capacity includes around 1.75 GW of solar, 0.62 GW of wind, and 25 MW/100 MWh of battery energy storage systems. The company added that roughly 450 MW of fully constructed capacity is expected to be commissioned soon. Its total gross capacity stood at about 20 GW at fiscal year-end.

ReNew, which has operated in India's clean energy sector for more than 15 years, continues to expand across both utility-scale and commercial and industrial segments. Its commercial and industrial arm, ReNew Green, has about 2.5 GW of committed capacity, with more than 2.0 GW already operational. The division counts major global firms, including Microsoft, Amazon, and Google, among its partners. In March 2026, ReNew Green secured $95 million in equity funding from a consortium led by LeapFrog Investments.

In solar manufacturing, ReNew reported 6.5 GW of module capacity and 2.5 GW of cell capacity currently in operation, with plans to expand cell capacity by an additional 4 GW by December 2026.

During FY2026, its facilities produced over 4.1 GW of modules and nearly 1.86 GW of cells. Earlier in the year, the manufacturing business received a $100 million equity investment from British International Investment.

The company operates more than 150 renewable energy sites and three solar manufacturing facilities across 10 Indian states, employing roughly 4,500 people. At its current operating capacity, ReNew said it generates enough clean energy to power approximately 24 million households and avoid about 23 million tonnes of carbon dioxide equivalent emissions annually.

Related Articles

Asia

Shakti Pumps (India) Invests INR100 Million in EV Mobility Unit

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) said it has invested 100 million Indian rupees in its wholly owned subsidiary Shakti EV Mobility by subscribing to 10 million equity shares, according to a Tuesday filing to the Indian stock exchanges.Shares of the company rose 1% in Wednesday's trade.With this, Shakti Pumps' total investment in the EV mobility unit has increased to 650 million Indian rupees, the filing said.The investment is aimed at supporting business expansion of the subsidiary, it added.

$BOM:531431$NSE:SHAKTIPUMP
Asia

Challenger's Fiscal 2026 Q3 Update Missed Consensus Across Key Life Metrics, Jarden Says

Challenger's (ASX:CGF) fiscal 2026 third-quarter update missed consensus across key Life metrics, with FM outflows significantly worse than expected, driven by institutional equity mandate attrition in both Australian and global equities, according to a Tuesday note by Jarden.The firm's redemption of all CGFPC notes on May 25 simplifies the capital structure, reduces the AT1 coupon burden, and is earnings-per-share accretive.Jarden sees balanced risk/reward for Challenger in the future, with catalysts including capital management flexibility from the Australian Prudential Regulation Authority reform, as well as expanding retirement partnerships across superfunds.It lowered its fiscal 2026 sales forecast to reflect weaker institutional fixed-term sales, partially offset by higher retail annuity sales as partnerships come online.The investment firm retained its neutral rating on Challenger and raised the price target to AU$8.70 per share from AU$8.60 per share.

$ASX:CGF
Asia

Proya Cosmetics 2025 Profit Down 4%, Revenue Slips 2%

Proya Cosmetics (SHA:603605) posted 2025 attributable net profit of 1.50 billion yuan, down 3.5% from 1.55 billion yuan the previous year.Earnings per share slid to 3.80 yuan from 3.92 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 1.7% year over year to 10.6 billion yuan from 10.8 billion yuan.Shares of the cosmetics maker were up over 1% in recent trade.

$SHA:603605