ReNew Energy Global Plc, together with its subsidiaries, engages in the generation of power through non-conventional and renewable energy sources in India. It operates through five segments: Wind Power, Solar Power, Hydro Power, Transmission Line, and Manufacturing segments. The company develops and owns utility scale wind and solar energy projects, corporate wind and solar energy projects, and utility-scale firm power …
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ReNew Energy Global plc ranks #3 of 24
scored companies in Utilities - Renewable by moat score — the top 12%.
The widest moat in the group is Ormat Technologies, Inc. (ORA)
at 81/100.
Moat scores for companies ranked near RNW in Utilities - Renewable
How RNW scores on the Regulated Utilities defenses
Regulatory Franchise
Score 85
· 25% of the moat score
The franchise is the moat, granted rather than earned: an exclusive right to serve a territory in exchange for regulated prices and an obligation to supply.
Rate-Base Return Quality
Score 69
· 20% of the moat score
A utility earns an allowed return on the capital invested in its network, the rate base.
Dividend Sustainability
Score 79
· 18% of the moat score
Utilities are owned largely for income, and the dividend is only as safe as the operating cash flow behind it.
Capital Structure Discipline
Score 66
· 17% of the moat score
Regulated utilities carry more debt than almost any other sector, which suits how predictable their revenue is but makes credit quality a core competitive asset.
Operational Efficiency
Score 65
· 12% of the moat score
Efficiency is unusually consequential under regulation.
Essential Service Resilience
Score 66
· 8% of the moat score
Electricity, gas and water are bought in a recession at close to the volume bought in an expansion, which is why utility revenue barely tracks the economic cycle.
ReNew Energy Global plc (RNW) scores 74 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #3 of 24 scored companies in Utilities - Renewable, the top 12%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 24 companies in Utilities - Renewable. Its strongest defense is Regulatory Franchise (85/100) and its weakest is Operational Efficiency (65/100).
How does ReNew Energy Global plc compare with other Utilities - Renewable companies?
ReNew Energy Global plc ranks #3 of 24 scored companies in Utilities - Renewable by moat score. The widest moat in Utilities - Renewable is Ormat Technologies, Inc. (ORA) at 80/100. The companies ranked closest are Centrais Electricas Brasileiras (EBR-B) at 78 just above it and Enlight Renewable Energy Ltd. (ENLT) at 73 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Regulated Utilities in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 24 companies in Utilities - Renewable. The defenses are then weighted to produce the overall score out of 100.
Why is ReNew Energy Global plc scored with the Regulated Utilities template?
A regulated utility is a legal monopoly whose prices are set by a regulator rather than by a market. It cannot raise prices at will and it cannot be undercut, so most of the usual questions about competitive advantage barely apply. What matters is the quality of the regulatory bargain: whether the company earns the return it is allowed, funds its capital programme cheaply, and sustains the dividend investors own it for.
Which competitive defenses are measured for ReNew Energy Global plc?
The Regulated Utilities template measures 6 defenses, and RNW scores: Regulatory Franchise (85), Rate-Base Return Quality (69), Dividend Sustainability (79), Capital Structure Discipline (66), Operational Efficiency (65), Essential Service Resilience (66). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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