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ReNew, Microsoft Ink 437.6 MW Green Energy Contract

WriteCanvas News


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.”


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CEO-led Climate Alliance Appoints Sumant Sinha to Lead Global Climate Action

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The CEO-led Climate Alliance has a new co-Chair to lead its global climate action.

Mr. Sumant Sinha, Chairman and CEO of ReNew, has been named Co-Chair of the Alliance of CEO Climate Leaders to lead its global climate action.

Mr Sinha joins a group of influential leaders from top global companies – Ester Baiget, CEO, Novonesis; Jesper Brodin, CEO, Ingka Group Ikea; Feike Sybesma, Chairman, Supervisory Board, Royal Philips; and Rich Lesser, Global Chair, BCG and Alliance Chief Advisor.

The alliance, the largest CEO-led climate alliance in the world, and a flagship initiative of the World Economic Forum, will work closely with a cohort of 130-member CEOs across 12 Industries to drive strategic priorities. Collectively, it represents $4 trillion in revenues and 5.2 GT of carbon emissions, equivalent to 10 percent of global emissions across all scopes.

Mr Sinha’s leadership of the largest CEO-led Climate Alliance Worldwide will bring significant experience to the community committed to raising bold climate ambition by doubling down on Scope-3 emissions, decarbonization and policy engagement for a low-carbon regulatory environment.

“The Alliance of CEO Climate Leaders has been instrumental in driving systemic action and fostering public-private collaboration in the global energy transition. I look forward to engaging with a group of talented co-chairs and global CEOs committed to delivering tangible climate solutions and innovations across geographies and businesses,” Mr Sinha said.

Gim Huay Neo, Managing Director, World Economic Forum, said, “The Alliance of CEO Climate Leaders is vital in scaling and accelerating climate action. We are thrilled that Sumant has agreed to lead the Alliance as Co-Chair. His extensive experience as Founder, Chairman, and CEO of ReNew, along with his insights into energy transition in emerging and developing economies, will be invaluable. My team and I look forward to collaborating with him to amplify the Alliance’s positive impact globally.”


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6 Policies To Boost The Domestic Renewable Market

Sonal Desai


With unionbudget FY2022-23 barely 40 days away, industry bodies are drafting wishlists for Union Finance Minister Nirmalasitharaman’s consideration.

Industry body #assocham has suggested six policies, which if included and announced in the Union Budget, will improve the scope of the renewablesindustry in India.

Sumant Sinha, President, Assocham, and Chairman, ReNew Power, has urged Finance Minister Nirmala Sitharaman to reduce interest rates. He has focused on the following policies:

• Reduce the interest rate from the current 8-10 percent
• Increase allocation for PLI for #solarmodule manufacturing from Rs 19,500
• Announce a green hydrogen policy
• Include subsidies to boost hydrogen manufacturing to compete globally
• Create a playscheme to help electrolyzers
• Develop a #pli program to set up wind energy capacity

In an interview with PTI, Mr Singh said, “Why don’t we also have a PLI scheme for the wind? It will lower the cost of wind. I have suggested it to the government. This would help lower the cost of wind capacity which currently costs around Rs 6-7 crore per megawatt.”


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