Le Lézard
Classified in: Oil industry, Environment
Subject: ENP

ReNew Power Announces Commitment to Achieving Net-Zero Emissions by 2050

NEW DELHI, April 8, 2021 /PRNewswire/ -- ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced its commitment to achieving net-zero greenhouse gas emissions by 2050.  With this commitment, ReNew Power aims to help address the global climate crisis and lead the way in the world's transition to a low carbon economy. ReNew's pledge aligns with the 'Race To Zero' campaign - the largest ever global alliance committed to achieving net zero carbon emissions. At the same time, ReNew Power stands committed to its long-standing program of research and collaboration with businesses, policy makers and non-governmental organizations to accelerate the transition to a net-zero economy.


ReNew Power is playing a leading role in India's transition to clean energy as the nation's largest renewables energy company. Going beyond business, the Company has always been at the forefront of the climate action agenda, utilizing diversified platforms to mobilize different stakeholders, share knowledge and opinions, discuss strategies, and chart a practical course of action. The Company is committed to reducing its carbon footprint through improved energy efficiency, increased renewable energy supply, and reducing network waste.

Speaking about the campaign, Mr. Sumant Sinha, Founder, Chairman and Chief Executive Officer of ReNew Power, said, "As one of India's leading renewable energy companies, ReNew Power is committed to tackling climate change by identifying, assessing and managing climate related risks and opportunities. By extending our support to the "Race to Zero" campaign, we aim to stabilize global emissions by 2050 and create opportunities for low carbon innovations that will drive the transition to a low carbon economy and spur the investment and innovation needed to make the net-zero goal attainable. We endeavor to embed sustainability in the ethos, strategies and practices of our organization, as well as in product design, to secure sustainable economic growth and prosperity for all."

The "Race To Zero" campaign is a global effort to rally leadership and support from businesses, cities, regions and investors for a healthy, resilient, zero carbon future that prevents future threats, creates jobs, and unlocks inclusive, sustainable growth. Representing 471 cities, 23 regions, 1,675 businesses, 85 of the biggest investors, and 569 universities, the campaign mobilizes a coalition of leading net zero initiatives. With an objective to build momentum around the shift to a decarbonized economy ahead of COP26, the campaign intends to communicate to governments a resounding signal of businesses, cities, regions and investors that are united in meeting the Paris goals and creating a more inclusive and resilient economy.

About ReNew Power

ReNew Power Private Limited is India's leading renewable energy independent power producer (IPP) by capacity and is the 13th largest global renewable IPP by operational capacity. ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects. As of December 31st 2020, ReNew Power had a total capacity of close to 10 GW of wind and solar energy projects across India, including commissioned and committed projects. ReNew has a strong track record of organic and inorganic growth. ReNew's current group of stockholders contains several marquee investors including Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF and JERA

As previously announced, ReNew has entered into a definitive agreement for a business combination with RMG Acquisition Corporation II (NASDAQ: RMGB), a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2021.

For more information, please visit: www.renewpower.in; Follow ReNew Power on Twitter @ReNew_Power

Media Contacts

Arijit Banerjee
[email protected]  

Madhur Kalra
[email protected]

Investor Contact

Caldwell Bailey
ICR Inc.
[email protected]


SOURCE ReNew Power Private Limited

These press releases may also interest you

at 11:00
Naphthenic base oil market registered a growth of US$ 2.55 billion in 2022 and is poised to generate USD 3.6 billion in 2031. In its latest report, Fact.MR presents an elaborate analysis of various factors influencing the global naphthenic base oil...

at 11:00
A comprehensive overview of the Centrifugal Pump Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints,...

at 10:15
The "Global Oilfield Service Market Forecast to 2028 - by Application and Service Type" report has been added to ResearchAndMarkets.com's offering. The oilfield service market was valued at US$ 96,465.86 million in 2021 and is projected to reach US$...

at 10:00
Shell and PDI, the management software company powering the Fuel Rewards® program, announced today the launch of 10 months of rewards to celebrate the 10-year anniversary of the Fuel Rewards program. Fuel Rewards members can celebrate by taking...

at 09:38
Paul Hastings, a global law firm advising leading financial institutions, asset managers, and corporations, today announced the addition of a high-profile group of laterals specializing in Projects and Project Finance in Energy Transition and...

at 09:18
The American Chemistry Council (ACC) today announced that U.S. chemical industry investment linked to plentiful and affordable domestic supplies of natural gas and natural gas liquids (NGLs) has topped $200 billion. ACC recognized this historic...

News published on 8 april 2021 at 08:16 and distributed by: