India’s main renewable vitality firm, ReNew, has introduced the signing of a Memorandum of Understanding (MoU) with Societe Generale. The settlement goals to strengthen the financing and growth of ReNew’s strategic vitality transition initiatives in India and world wide.
The MoU stipulates as much as USD 1 billion in help over the subsequent three years, masking debt financing and advisory options. This collaboration will concentrate on utility-scale vitality initiatives, together with photo voltaic, wind, complicated renewables, inexperienced hydrogen, vitality storage, and photo voltaic module manufacturing.
Sumant Sinha, Founder, Chairperson, and Chief Executive Officer of ReNew, mentioned: “This MoU represents an essential milestone in our ambitions in India and globally. Societe Generale is a trusted companion for to quickly deploy renewable vitality initiatives, and this collaboration will contribute to India’s internet zero targets.
Dr. Katan Hirachand, Chief Executive and Chief Country Officer of Societe Generale India, mentioned: “ReNew’s dedication to India’s vitality transition and past aligns with Societe Generale’s concentrate on supporting our purchasers’ sustainability journey, according to the ambition in our Group. This MoU marks an essential step in our collaboration with ReNew – we look ahead to supporting their essential progress ambitions and driving the deployment of inexperienced vitality out there.
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