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Sumant Sinha started ReNew in 2011. Goldman Sachs invested that September. In 2023, Goldman Sachs exited the company completely.
In 2014, ReNew entered the Indian solar market by commissioning its first distributed solar project. Its first project, a 25.2 MW wind site in Jasdan, Gujarat, was inaugurated by Narendra Modi, then Chief Minister of Gujarat. It commissioned India's largest solar farm (510 MW) in Telangana in 2017.
In 2016, it became the first Indian renewable energy company to achieve 1 GW capacity and was also among the first companies to scale to 10 GW installed capacity.
The company's initial investment came from Goldman Sachs in 2011. As of 2023, Canada Pension Plan Investment Board (CPPIB) is a major investor in the company.
In 2016, ReNew became the first renewable energy company to raise rupee-denominated “masala bonds”.
In 2017, JERA (a joint venture between Tokyo Electric Power and Chubu Electric Power) became an equity holder in the company. In 2019, it raised $450 million through dollar bonds to refinance existing debt. The same year, the Abu Dhabi Investment Authority (ADIA) invested $100 million via a rights issue.
In 2021, ReNew announced that it would go public through a merger with RMG Acquisition Corporation II. It was listed on the NASDAQ on 24 August 2021 under the symbol ‘RNW’.
In 2023, Norway's Climate Investment Fund managed by Norfund, along with pension fund KLP, invested ₹900 million in ReNew's transmission project in Karnataka.
In November 2025, ReNew announced an investment of ₹60,000 crore (US$6.7 billion) in Andhra Pradesh to develop renewable energy projects, following agreements with the state government.
As of December 2025, ReNew's total portfolio stood at approximately 19.2 GW, including 1.5 GW of battery energy storage systems (BESS), with a commissioned capacity of 11.4 GW.
As per reports in December 2025, Abu Dhabi Future Energy Company ( Masdar ) withdrew from a consortium planning to acquire and privatize ReNew Energy Global.