ReNew Power Inks 150 MW Renewable Energy Supply Deal with Microsoft
Nasdaq-listed ReNew Power has signed a renewable energy agreement of 150 MW with Microsoft India, in one of the largest such deals in the country.
December 16, 2022. By Manu Tayal
Under the agreement, the independent power producer will provide 150 MW of clean energy from a recently commissioned solar site near Bikaner.
Commenting on the agreement, Sumant Sinha, Chairman and CEO of ReNew Power, said “ReNew Power is delighted and proud to partner with Microsoft, known for its sensitivity towards environment, sustainable business practices, and as global climate leader in the corporate world. This venture will help contribute towards Microsoft’s ambition of shifting to 100 percent supply of renewable energy by 2025.”
“For its part, ReNew is committed to be a catalyst for global energy transition and will continue to offer innovative solutions to companies to support their climate goals,” Sumant added.
The company in a statement said that this deal signifies that corporates globally, including India, are increasingly integrating renewable energy into their operations in every form, and this partnership further paves the way for innovative models that will accelerate the energy transition.
“Microsoft is striving to run 100% on renewable energy by 2025 and turn carbon negative by 2030. We are happy to partner with ReNew Power to meet our sustainability targets, and to also help our customers and partners on their sustainability journey,” commented Dr Rohini Srivathsa, National Technology Officer, Microsoft India.
ReNew develops, builds, owns, and operates wind, solar and hydro projects for the supply of power to utilities, as well as to corporates. As of September 30, 2022, the company had a gross total portfolio of ~13.4 GWs of renewable energy projects across India including commissioned and committed projects.
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