, India
Source: ReNew Power website

ReNew Power records US$1m loss in Q123

This is down from a net profit of US$5m in the same quarter in 2022. 

ReNew Power posted a net loss of US$1m in the first quarter of 2023, ending June 30 June 2022. 

This is down from the US$5m net profit recorded in the same quarter in 2022. 

“The net loss includes a one-time expense for debt premium and the impact of a reclassification of a hedge loss from the Balance Sheet of INR2,531m (US$32m) for the refinancing of USD bonds with lower cost rupee debt,” the company said in a statement. 

Read more: ReNew Power secures $1b loan for hybrid battery-enabled project

Over the same period, ReNew Power’s total revenue grew 48.8% to US$316m; whilst its adjusted earnings before interest, taxes, depreciation, and amortisation stood at US$255m, an increase of 49.7%. 

As of 30 June 2022, ReNew power’s portfolio consisted of 12.9 gigawatts (GWs), reflecting a 30.3% year-on-year rise. Of which, 7.6GW have been commissioned, and 5.3GWs have been committed. 

The company has so far signed power purchase agreements with around 0.3GWs of additional capacity. This will bring the company’s total portfolio to 13.2GWs. 



Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Could coal-based power still get funding
Asian markets have increased coal output to meet energy demand.
Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.