ReNew Energy Global plc Files 20-F for FY24

TL;DR

ReNew Energy Global plc filed its 20-F, showing FY24 results and operations in solar/wind. Check it for debentures and subsidiary details.

AI Summary

ReNew Energy Global plc filed its 20-F for the fiscal year ending March 31, 2024. The filing details its operations in electric services, with a focus on solar and wind energy projects. Key financial data and operational segments are presented, including information on secured non-convertible debentures and various subsidiaries like Renew Wind Energy Ap Private Limited and Renew Solar Shakti Thirteen Private Limited.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of ReNew Energy's financial performance and operational status for the past fiscal year, crucial for understanding the company's position in the renewable energy sector.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information and operational segments, which can involve complex financial instruments and international operations, necessitating careful review.

Key Numbers

• 20240331 — Fiscal Year End (Indicates the end of the reporting period for the 20-F.)
• 20240730 — Filing Date (The date the 20-F was officially submitted to the SEC.)

Key Players & Entities

• ReNew Energy Global plc (company) — Filer of the 20-F
• 0000950170-24-087904 (dollar_amount) — Accession Number for the filing
• 20240331 (dollar_amount) — Conformed Period of Report
• 20240730 (dollar_amount) — Filed As Of Date
• Gurugram-Haryana (company) — Business and Mail Address City
• ReNew Energy Global Ltd (company) — Former Company Name
• Renew Solar Shakti Thirteen Private Limited (company) — Subsidiary mentioned
• Renew Wind Energy Ap Private Limited (company) — Subsidiary mentioned

FAQ

Key Financial Figures

• $0.0001 — ed Class A Ordinary Shares, par value $0.0001 per share RNW The Nasdaq Stock Mark
• $11.50 — 3 Class A Ordinary Shares at a price of $11.50 per 1.0917589 Class A Ordinary Shares i

Filing Documents

• rnw-20240331.htm (20-F) — 14763KB
• rnw-ex8_1.htm (EX-8.1) — 20KB
• rnw-ex11_1.htm (EX-11.1) — 162KB
• rnw-ex12_1.htm (EX-12.1) — 15KB
• rnw-ex12_2.htm (EX-12.2) — 15KB
• rnw-ex13_1.htm (EX-13.1) — 7KB
• rnw-ex13_2.htm (EX-13.2) — 7KB
• rnw-ex97_1.htm (EX-97.1) — 38KB
• img49748083_0.jpg (GRAPHIC) — 36KB
• img49748083_1.jpg (GRAPHIC) — 33KB
• img150329290_0.jpg (GRAPHIC) — 8KB
• 0000950170-24-087904.txt ( ) — 64688KB
• rnw-20240331.xsd (EX-101.SCH) — 6430KB
• rnw-20240331_htm.xml (XML) — 18339KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company. Yes No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No TABLE OF CONTENTS ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 7 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 7 ITEM 3. KEY INFORMATION 7 ITEM 4. INFORMATION ON THE COMPANY 39 ITEM 4A. UNRESOLVED STAFF COMMENTS 81 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 82 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 101 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 123 ITEM 8. FINANCIAL INFORMATION 133 ITEM 9. THE OFFER AND LISTING 139 ITEM 10. ADDITIONAL INFORMATION 140 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 174 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 174 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 175 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 175 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 175 ITEM 16A AUDIT COMMITTEE FINANCIAL EXPERT 177 ITEM 16B CODE OF ETHICS 177 ITEM 16C PRINCIPAL ACCOUNTANT FEES AND SERVICES 177 ITEM 16D EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 178 ITEM 16E PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 178 ITEM 16F CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 179 ITEM 16G CORPORATE GOVERNANCE 179 ITEM 16H MINE SAFETY DISCLOSURE 180 ITEM 16I DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 180 ITEM 16J INSIDER TRADING POLICIES 180 ITEM 16K CYBERSECURITY 180 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 182 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 182 ITEM 19. EXHIBITS 183 DEFINED TERMS Unless the context otherwise requires, references in this Annual Report on Form 20-F (including information incorporated by reference herein, the "Report") to: "Amended and Restated Warrant Agreement" means an amended and restated warrant agreement entered into by and between the Company and Computershare on August 23, 2021. "AP DISCOMs" means collectively APSPDCL and Eastern Power Distribution Company of Andhra Pradesh Limited. "APPC" means average power purchase cost. "APSPDCL" means Southern Power Distribution Company of Andhra Pradesh Limited. "Audit Committee" means the Company's audit committee. "Board" or "ReNew Global Board" or "Board of Directors" means the board of directors of the Company. "Business Combination" means the Merger, the Exchange and the other transactions contemplated by the Business Combination Agreement. "Business Combination Agreement" means the Business Combination Agreement, dated February 24, 2021 by and among RMG II, ReNew India, RMG II Representative, the Company, the Merger Sub and the Major Shareholders. "Catch-Up Right" has the meaning given to it in the section titled " Related Party Transactions — Registration Rights, Coordination and Put Option Agreement " under Item 7.B. "CCPSs" means the compulsorily convertible preference shares of ReNew India, having a par value of Rs 425 per share. "Central Electricity Authority" means the Central Electricity Authority of India. "CERC" means the Central Electricity Regulatory Commission in India. "Class A Ordinary Shares" means Class A ordinary shares of $0.0001 each in the capital of the Company. "Class B Ordinary Shares" means Class B ordinary shares of $0.0001 each in the capital of the Company. "Class C Ordinary Shares" means Class C ordinary shares of $0.0001 each in the capital of the Company. "Class D Ordinary Shares" means Class D ordinary shares of $0.0001 each in the capital o

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STA TISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STA TISTICS AND EXPECTED TIMETABLE Not applicable.

KE Y INFORMATION

ITEM 3. KE Y INFORMATION A. [RESERVED] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Summary of Risk Factors Our business is subject to a number of risks and uncertainties, including but not limited to those described in this Item 3.D. If any of those risks are realised, our business, financial condition and results of operations could be materially and adversely affected. Set forth below is a summary list of the key risks to our business: Risks Relating to the Group's Business We face risks and uncertainties when developing our projects; If environmental conditions at our energy projects are unfavourable, our electricity production, and therefore our

View Full Filing

View this 20-F filing on SEC EDGAR