Aniket [Last Name Unknown]'s questions to Renew Energy Global PLC (RNW) leadership • Q3 2025
Question
Aniket from SBI Mutual Fund inquired about the reasons for ReNew's wind PLF decline relative to peers, the evolution of project configurations for hybrid and RTC projects given changing technology costs, the scope of in-house O&M initiatives, and the volume of external module sales in the quarter.
Answer
An unnamed executive, likely CEO Sumant Sinha, attributed the lower wind PLF to abnormal weather patterns, including an extended monsoon and a warm winter. He also explained that project configurations are dynamically optimized, shifting towards more solar and storage as their costs have fallen. An executive, likely CFO Kailash Vaswani, detailed that O&M for all solar projects is in-house, and for wind, they are actively bringing it in-house or renegotiating contracts, which has resulted in cost savings. It was also stated that over 100 MW of external modules were sold in Q3.