Etymology
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renewal (n.)

"act of renewing or forming anew," 1680s, from renew (v.) + -al (2). Specific meaning "urban redevelopment" is attested by 1965, American English. An earlier noun was simply renew (early 15c., reneue).

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Definitions of renewal

renewal (n.)
the conversion of wasteland into land suitable for use of habitation or cultivation;
renewal (n.)
the act of renewing;
renewal (n.)
filling again by supplying what has been used up;
Synonyms: refilling / replenishment / replacement
From wordnet.princeton.edu