ReNew Power and UNEP Partner up to Promote Increased Access to RE

UNEP has signed a partnership agreement with ReNew Power to promote increased access to renewable energy and improved energy efficiency in India

The United Nations Environment Programme (UNEP) has announced that it has signed a partnership agreement with one of India’s largest independent renewable energy companies – ReNew Power to promote increased access to renewable energy and improved energy efficiency.

The strengthened partnership between the two parties – who signed the Memorandum of Understanding (MoU) on July 10, 2020, in Delhi- focuses on enhancing access to renewable energy and improving energy efficiency as part of the progressive strategies that India has adopted to realize its Nationally Determined Contributions (NDC) under the Paris Agreement.

ReNew Power is a market leader in renewable energy and has demonstrated that clean energy makes ample business sense, said Atul Bagai, Head of UNEP’s India Office. “We are proud to associate with them to push the envelope when it comes to clean and viable energy solutions for multiple applications in support of the climate goals and the 2030 Sustainable Development Agenda.”

The Indian IPP will partner with UNEP’s District Energy in Cities Initiative as an implementation partner for renewable energy installations across India with the aim of shifting the heating and cooling sector to an energy-efficient one. The partnership will also implement solar off-grid projects, studies, and assessments. Joint efforts will be promoted through annual events to showcase contributions to India’s strategic vision on renewable energy.

Renewable sources constitute about 23.6 percent of the total installed capacity in India. The country had a target of 175 GW of renewables capacity by 2022, and at the UN Climate Action Summit in September 2019, the Prime Minister announced an increase in the target to 450 GW by 2030.

“At ReNew, we have always believed in going beyond our business and engaging with a wide range of stakeholders on multiple issues impacting various communities across the country,” said Vaishali Nigam Sinha, ReNew Power’s Chief Sustainability Officer. “Through our association with UNEP, we are looking to work on issues that have the potential to accelerate growth and bring about socio-economic change in the area of environment and clean energy.”