ReNew and Microsoft have signed a 437.6 MW green energy sale contract.
Microsoft aims to achieve carbon-negative status by 2030 by producing over a million green energy attributes annually through this contract.
ReNew plans to allocate $15 million of contract revenue to a community fund. The endeavor aligns with Microsoft’s Environmental Justice priorities.
Puneet Chandok, President, India & South Asia, Microsoft, said, “Microsoft has ambitious renewable energy and decarbonization goals. This agreement with ReNew accelerates our progress towards these goals while benefiting local communities through rural electrification and improving women’s livelihoods.”
Sumant Sinha, Founder, Chairman, and Chief Executive Officer, ReNew, said, “As a sustainability-first organization, a just energy transition is integral to ReNew’s mission of creating a better world. This agreement will help us fulfil our commitment to the communities we operate with and address some socio-economic aspects related to climate change.”