L R AS Published on Tuesday 21 June 2022 - n° 409 - Categories:company results

India's ReNew to expand rapidly in 2021/2022

India's ReNew Energy increased its sales by 27% to $912m in the year to 31 March 2022. Its net loss, at $213m, was almost

doubled as a result of $174m linked to its listing on the NASDAQ stock exchange last August. Adjusted profit rose 32% to $232m.

ReNew's portfolio consists of 7.6 GW in operation and 3.1 GW under construction.

Forecasts for the next financial year: the company expects sales of INR 66,000 to 69,000 million ($844 to $883 million).

Last month, ReNew signed for 2 GW of solar PV capacity (PPA) with Indian utilities and companies.

https://www.pv-tech.org/renew-energy-loss-jumps-on-back-of-nasdaq-listing-costs/

PV Tech of 15 June 2022

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