Spark up your portfolio with the top energy stock: ReNew Energy ReNew Energy Global (NASDAQ:RNW) reported what executives described as its strongest fiscal year to date, citing record profitability, expanded operating capacity, lower leverage and growth in its manufacturing and…
mmercial and industrial businesses. On the company’s fiscal fourth-quarter and full-year 2026 earnings call, Founder, Chairman and CEO Sumant Sinha said ReNew’s operating portfolio reached approximately 12.8 gigawatts, up 25% year over year after adjusting for asset sales
The company commissioned 2.4 gigawatts during the year, its highest annual total, and its committed portfolio now stands at 20.2 gigawatts, including 1.7 gigawatts of battery energy storage systems. ReNew’s broader pipeline, including projects where it has won auctions but not yet signed power purchase agreements, exceeds 26 gigawatts, Sinha said. Sinha framed the company’s performance against a backdrop of rising energy security concerns in India, where the country remains heavily dependent on energy imports.
He said geopolitical tensions in the Middle East and rising domestic power demand have reinforced the importance of renewable energy as a domestic source of power. India installed 51 gigawatts of renewable capacity in fiscal 2026, the highest annual total to date, accounting for 90% of new capacity additions, Sinha said. Solar remained the main growth driver, while increasing power demand during non-solar hours is supporting adoption of battery storage and hybrid projects.