The following is a summary of the ReNew Energy Global Plc (RNW) Q4 2024 Earnings Call Transcript:

Financial Performance:

• ReNew Energy reported strong financial growth in FY 2024, surpassing expectations by auctioning over 62 gigawatts of renewable energy capacity.

• In FY 2024, ReNew Energy secured 8 gigawatts of new capacity, marking a significant 60% increase to its existing portfolio.

• The company reported its first profitable year since listing with a net profit of INR 4.1 billion ($0.12 EPS).

Business Progress:

• ReNew Energy significantly expanded its renewable energy portfolio by securing 8 gigawatts of new capacity, demonstrating an impressive 60% growth.

• The company has a pipeline of over 21 gigawatts of projects targeted for completion by 2029, more than doubling its fiscal year 2024 capacity.

• ReNew Energy successfully signed PPAs for 2.2 gigawatts in FY 2025, growing its contracted portfolio to 15.6 gigawatts.

Opportunities:

• The expansion in auction volume and securing of new capacity underline ReNew's capabilities to leverage high-growth opportunities in the renewable energy sector.

• Strategic focus on research and digital capabilities enhances its competitiveness in firm power or complex projects, which are projected to grow rapidly.

Risks:

• There are risks related to the signing of additional PPAs for the remaining capacity, which could affect project timelines and financial outcomes.

• Variability in government policies or delays in policy implementation may impact project schedules and company operations.

More details: ReNew Energy Global IR

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