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ReNew Energy Global Plc Q3 2026 Earnings Call Summary
Yahoo Finance· 2026-02-18 01:08
Management is strategically reducing wind capacity in the committed portfolio from 2.5 GW to 850 MW, replacing it with Solar and Battery Energy Storage Systems (BESS). The pivot away from wind is driven by three factors: significantly lower BESS and solar capital costs, higher historical variability in wind resource patterns, and easier land acquisition for solar in regions like Rajasthan. Portfolio optimization has reduced expected CapEx for the build-out by approximately INR 60 billion while only ma ...