SUSTAINABILITY

IS OFTEN FRAMED AS A CLIMATE STORY, but for finance leaders it is just as much a question of capital, risk and returns. ReNew has built its rise on turning renewable power into an investable business at scale, making it one of India’ s most closely watched renewable energy companies. Although the rise of ReNew may look like a clean energy tale at a first glance, finance has played a major role in its success story. India’ s second largest renewable energy company has grown by turning renewable power into something investors, lenders and partners alike are backing at scale – which has helped make it one of India’ s most closely watched and competitive renewable energy companies.

The rise of ReNew Founded in 2011 by Vaishali Nigam Sinha and Sumant Sinha, ReNew came about at a time when renewable energy in India was still being treated by many as a policy ideal rather than a financeable asset class. In the years since, its growth has tracked a wider shift in Indian infrastructure finance, as solar, wind and storage became increasingly bankable and institutional capital followed.

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