ReNew Power is a renewable energy company founded in 2011 by Sumant Sinha.
ReNew is a leading decarbonisation solutions provider and the first Indian clean energy company to list on Nasdaq. Founded in 2011, ReNew is at the forefront of fighting climate change by offering decarbonisation solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage. The company achieved a valuation of $8 billion in 2017.
Problem
The fuel shortage in India, coupled with the increasing demand for energy, highlights the urgent need for sustainable alternatives and a strategic shift towards renewable energy sources to ensure long-term energy security and economic stability.
Renew power Solution
ReNew Power focuses on developing clean energy solutions, including wind and solar power, to reduce reliance on non-renewable sources.
Initial Users & Marketing Hack
ReNew Power initially focused on government tenders and corporate clients, leveraging India's renewable energy targets to secure funding and early contracts.
Renew power Offerings
Wind Energy: Development and operation of onshore wind farms, contributing significantly to India's renewable energy capacity.
Solar Energy: Large-scale solar power projects, both photovoltaic (PV) and concentrated solar power (CSP), for utility-scale production.
Hybrid Energy Solutions: Integration of wind and solar energy projects to provide more consistent and efficient power generation.
Distributed Solar Solutions: Rooftop solar installations for commercial and industrial clients, helping businesses reduce energy costs and adopt green energy.
Energy Storage: Investments in battery storage systems to enhance grid stability and improve energy supply during peak demand periods.
Website
Linkedin page
Founder’s profiles
Sumant Sinha, https://www.linkedin.com/in/sumant-sinha-b544553/