ReNew Energy Global Plc is a leading utility-scale renewable energy provider and decarbonization solutions company operating exclusively in India. The company develops, operates, and maintains wind, solar, and hydro power projects while offering integrated clean energy solutions including battery storage systems, solar module and cell manufacturing, transmission infrastructure, and energy management services. ReNew generates revenue through long-term power purchase agreements, typically lasting 25 years with fixed or capped escalation tariffs, selling electricity to central government agencies, state distribution companies, private industrial and commercial customers, and merchant markets; the company maintains capital discipline with target levered equity returns of 16–20% and diversifies risk across nine states through a portfolio of utility-scale projects.