Potential offtaker

ReNew Power Private Limited

www.renewpower.in

Estimated electricity consumption

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Countries of production presence

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ReNew Power Private Limited is a leading renewable energy company based in India that is committed to creating a sustainable future by generating clean energy. The company was founded in 2011 by Sumant Sinha, a former investment banker, with a vision to transform India's energy landscape by harnessing the power of renewable resources. Since then, ReNew Power has become one of the largest renewable energy companies in India, with a total capacity of over 10 GW of wind and solar energy projects.

The company's mission is to accelerate the decarbonisation of India's energy sector by providing reliable and affordable renewable energy solutions. ReNew Power's core business is the generation of renewable energy through wind and solar power projects, which are located across various states in India. The company's portfolio includes both utility-scale and distributed generation projects, which cater to the needs of different customer segments.

ReNew Power's corporate energy solutions are designed to help businesses reduce their carbon footprint and achieve their sustainability goals. The company offers a range of services, including energy audits, energy management, and renewable energy procurement, to help businesses transition to a low-carbon economy. ReNew Power also offers corporate Power Purchase Agreements (PPAs), which enable businesses to purchase renewable energy directly from the company's wind and solar projects. This helps businesses to reduce their dependence on fossil fuels and support the growth of renewable energy in India.

One of the key advantages of ReNew Power's corporate PPAs is that they provide long-term price certainty for businesses. This means that businesses can lock in a fixed price for renewable energy for a period of up to 25 years, which helps them to manage their energy costs and reduce their exposure to volatile fossil fuel prices. ReNew Power's corporate PPAs also enable businesses to demonstrate their commitment to sustainability and reduce their greenhouse gas emissions, which can help to enhance their brand reputation and attract customers who are increasingly concerned about environmental issues.

ReNew Power's renewable energy projects are designed to maximise energy efficiency and minimise environmental impact. The company uses the latest technology and best practices to ensure that its wind and solar projects are optimised for performance and reliability. ReNew Power's wind projects are located in areas with high wind speeds, which helps to maximise energy output. The company's solar projects are designed to maximise energy yield by using high-efficiency solar panels and tracking systems that follow the sun's movement throughout the day.

In addition to its renewable energy generation business, ReNew Power is also involved in energy storage and electric vehicle (EV) charging infrastructure. The company has partnered with various technology providers to develop energy storage solutions that can help to integrate renewable energy into the grid and provide backup power during outages. ReNew Power is also working on developing EV charging infrastructure in India, which is expected to grow rapidly in the coming years as more people switch to electric vehicles.

ReNew Power's commitment to sustainability extends beyond its business operations. The company has implemented various initiatives to reduce its own carbon footprint and promote sustainable practices. ReNew Power has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to its 2018 baseline. The company has also implemented various energy efficiency measures across its offices and facilities, such as LED lighting and HVAC systems, to reduce its energy consumption.

In conclusion, ReNew Power Private Limited is a leading renewable energy company in India that is committed to creating a sustainable future by generating clean energy. The company's core business is the generation of renewable energy through wind and solar power projects, which are designed to maximise energy efficiency and minimise environmental impact. ReNew Power also offers corporate energy solutions, including corporate PPAs, to help businesses reduce their carbon footprint and achieve their sustainability goals. The company's commitment to sustainability extends beyond its business operations, with various initiatives in place to reduce its own carbon footprint and promote sustainable practices. ReNew Power's vision is to accelerate the decarbonisation of India's energy sector and create a cleaner, more sustainable future for all.