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
arijit.banerjee@renewpower.in
+91-9811609245
Madhur Kalra
Madhur.kalra@renewpower.in
+91-9999016790
Investor Contact
Caldwell Bailey
ICR Inc.
IR@renewpower.in
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SOURCE ReNew Power Private Limited