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As India's largest renewable-energy firm, ReNew has the daunting task of building an alternative to fossil fuels in the nation that is the world’s third-largest oil importer and one of its fastest-growing energy consumers. ReNew provides solar and wind power in nine Indian states, reaching around 400,000 people, but it’s poised for greater growth thanks to recent fundraising. ReNew has brought in $1.4 billion through multiple tranches of “green” bonds since October 2020, and in August it raised more than $1 billion on the Nasdaq via a merger with a special purpose acquisition company (SPAC).
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