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ReNew Narrows Q3 Net Loss on Higher Tariffs and Lower Module Prices

The company CEO says transmission approval now takes 4-6 weeks vs 2-3 days earlier

February 21, 2024

/ Arshreet Singh
/ Finance and M&A, Renewable Energy
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Independent renewable power producer ReNew Energy narrowed its net loss by 19% to ₹3.2 billion (~$39 million) in the third quarter (Q3) of the financial year (FY) 2024 from ₹4 billion (~$48 million) last year, helped by higher tariffs and lower prices of solar modules.

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Arshreet Singh

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