diff --git a/.github/renovate.json5 b/.github/renovate.json5
index 9b7b46b593..2d371af8d5 100644
--- a/.github/renovate.json5
+++ b/.github/renovate.json5
@@ -1,80 +1,90 @@
 {
-  $schema: "https://docs.renovatebot.com/renovate-schema.json",
-  labels: ["dependencies"],
-  extends: ["config:best-practices", ":gitSignOff"],
-  ignorePresets: [":pinDevDependencies", ":pinDigest", "docker:pinDigests"],
+  $schema: 'https://docs.renovatebot.com/renovate-schema.json',
+  labels: ['dependencies'],
+  extends: ['config:best-practices', ':gitSignOff'],
+  // do not pin dev dependencies, which are part of the best-practices preset
+  ignorePresets: [':pinDevDependencies', ':pinDigest', 'docker:pinDigests'],
   constraints: {
-    corepack: "0.24.1",
+    // TODO(freben): Remove this later; it addresses a temporary issue in corepack
+    // https://github.com/nodejs/corepack/issues/379
+    // https://github.com/renovatebot/renovate/discussions/27465
+    corepack: '0.24.1',
   },
+  // the default limit is 10 PRs
   prConcurrentLimit: 20,
-  postUpdateOptions: ["yarnDedupeHighest"],
-  rangeStrategy: "update-lockfile",
+  postUpdateOptions: ['yarnDedupeHighest'],
+  rangeStrategy: 'update-lockfile',
   ignoreDeps: [
-    "@elastic/elasticsearch",
-    "event-source-polyfill",
-    "@types/react",
-    "@types/node",
+    // ignored due to licensing issues. See #10992
+    '@elastic/elasticsearch',
+    'event-source-polyfill',
+    // These need to stay pinned to match the React/Node versions we support
+    '@types/react',
+    '@types/node',
   ],
   packageRules: [
     {
-      groupName: "Spotify web-scripts monorepo packages",
-      rangeStrategy: "replace",
-      matchSourceUrls: ["https://github.com/spotify/web-scripts{/,}**"],
+      groupName: 'Spotify web-scripts monorepo packages',
+      rangeStrategy: 'replace',
+      matchSourceUrls: ['https://github.com/spotify/web-scripts{/,}**'],
     },
     {
-      groupName: "API Extractor / Rush Stack monorepo packages",
-      rangeStrategy: "replace",
-      matchSourceUrls: ["https://github.com/microsoft/rushstack{/,}**"],
+      groupName: 'API Extractor / Rush Stack monorepo packages',
+      rangeStrategy: 'replace',
+      matchSourceUrls: ['https://github.com/microsoft/rushstack{/,}**'],
     },
     {
-      groupName: "Module-federation monorepo packages",
-      rangeStrategy: "replace",
-      matchSourceUrls: ["https://github.com/module-federation/core{/,}**"],
+      groupName: 'Module-federation monorepo packages',
+      rangeStrategy: 'replace',
+      matchSourceUrls: ['https://github.com/module-federation/core{/,}**'],
     },
     {
-      groupName: "OpenTelemetry packages",
-      rangeStrategy: "replace",
-      matchPackageNames: ["/^@opentelemetry//"],
+      groupName: 'OpenTelemetry packages',
+      rangeStrategy: 'replace',
+      matchPackageNames: ['/^@opentelemetry\\//'],
     },
+    // We update yarn packages manually as it's gzip'd and we don't want to pollute the repository too much.
     {
-      matchSourceUrls: ["https://github.com/yarnpkg/berry"],
+      matchSourceUrls: ['https://github.com/yarnpkg/berry'],
       enabled: false,
     },
+    // https://github.com/backstage/backstage/issues/27123
     {
-      matchPackageNames: ["browser-actions/setup-chrome"],
+      matchPackageNames: ['browser-actions/setup-chrome'],
       enabled: false,
     },
+    // ESM only majors, that we're not ready for yet
     {
-      matchPackageNames: ["node-fetch"],
-      allowedVersions: "<3.0.0",
+      matchPackageNames: ['node-fetch'],
+      allowedVersions: '<3.0.0',
     },
     {
-      matchPackageNames: ["inquirer", "@types/inquirer"],
-      allowedVersions: "<9.0.0",
+      matchPackageNames: ['inquirer', '@types/inquirer'],
+      allowedVersions: '<9.0.0',
     },
     {
-      matchPackageNames: ["ora"],
-      allowedVersions: "<5.0.0",
+      matchPackageNames: ['ora'],
+      allowedVersions: '<5.0.0',
     },
     {
-      matchPackageNames: ["p-limit"],
-      allowedVersions: "<4.0.0",
+      matchPackageNames: ['p-limit'],
+      allowedVersions: '<4.0.0',
     },
     {
-      matchPackageNames: ["p-throttle"],
-      allowedVersions: "<4.0.0",
+      matchPackageNames: ['p-throttle'],
+      allowedVersions: '<4.0.0',
     },
     {
-      matchPackageNames: ["p-queue"],
-      allowedVersions: "<7.0.0",
+      matchPackageNames: ['p-queue'],
+      allowedVersions: '<7.0.0',
     },
     {
-      matchPackageNames: ["serialize-error"],
-      allowedVersions: "<9.0.0",
+      matchPackageNames: ['serialize-error'],
+      allowedVersions: '<9.0.0',
     },
     {
-      matchPackageNames: ["yn"],
-      allowedVersions: "<5.0.0",
+      matchPackageNames: ['yn'],
+      allowedVersions: '<5.0.0',
     },
   ],
 }