India's ReNew Energy Adds Record 2.4 GW Clean Capacity

India's largest renewable energy company just shattered its own records, proving that the world's clean energy transition is accelerating faster than ever.

ReNew Energy Global commissioned 2.4 gigawatts of renewable capacity in fiscal year 2026, the most the company has ever built in a single year. That's enough clean electricity to power roughly 2 million homes across India.

The milestone brings ReNew's total operating capacity to 12.6 gigawatts, with facilities now spanning more than 150 sites across 10 Indian states. The new capacity includes 1.75 gigawatts of solar power, 620 megawatts of wind energy, and cutting-edge battery storage systems that keep the lights on even when the sun isn't shining.

What makes this expansion even more impressive is that ReNew isn't just buying renewable energy from others. The company operates its own solar manufacturing facilities with 6.5 gigawatts of production capacity, creating jobs and building expertise right in India.

Those factories produced more than 4.1 gigawatts worth of solar modules and 1.86 gigawatts of solar cells this year. By December 2026, ReNew plans to expand its cell manufacturing capacity by another 4 gigawatts, further strengthening India's homegrown clean energy industry.

The Ripple Effect

ReNew's growth is creating opportunities far beyond just electricity generation. The company now employs approximately 4,500 people across its operations and manufacturing facilities.

Major global companies including Microsoft, Amazon, and Google have partnered with ReNew's commercial and industrial arm, ReNew Green, which has already commissioned over 2 gigawatts of capacity for corporate clients. In March 2026, investor confidence in this business model led to a $95 million equity investment from a consortium led by Leapfrog Investments.

The solar manufacturing division alone attracted $100 million in investment from British International Investments earlier this year. These capital inflows signal that investors worldwide see India as a clean energy powerhouse with massive growth potential.

Founder and CEO Sumant Sinha called fiscal 2026 "a defining year for ReNew," and the numbers back him up. The company's gross profit margin reached an impressive 84 percent while revenue grew by 50 percent.

India has set ambitious renewable energy targets as part of its climate commitments, and companies like ReNew are proving those goals aren't just achievable but profitable.