ReNew Energy revenue jumps 19.4% to $194 mn

By Editor


ReNew Energy Global said its revenue increased 19.4 percent to $194 million with a net loss of $49 million for the third quarter ended December 31, 2022.

ReNew Energy’s revenue for the first nine months of FY23 rose 23.1 percent to $768 million with a net loss of $62 million.

ReNew Energy’s portfolio consisted of 13.4 GWs, a 30.2 percent increase year on year, of which 7.8 GWs are commissioned and 5.6 GWs are committed. Approximately ~0.3 GW of Purchase Power Agreements (PPAs) were signed in the quarter and only ~1 percent of the total portfolio awaits PPAs/contracts as of December 31, 2022.

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