ReNew Power Commits to Achieving Net-Zero Emissions by 2050

ReNew Power has announced its commitment to achieving net-zero greenhouse gas emissions by 2050.

ReNew Power, one of India’s leading renewable energy companies, has announced its commitment to achieving net-zero greenhouse gas emissions by 2050. A commitment with which the Gurugram headquartered clean energy major stated that it ‘aims to help address the global climate crisis and lead the way in the world’s transition to a low carbon economy.’

The firms’ pledge aligns with the ‘Race To Zero’ campaign – the largest ever global alliance committed to achieving net zero carbon emissions. At the same time, it 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.

The firm added that it going beyond business, it has always been at the forefront of the climate action agenda, utilising 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.

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 stabilise 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 endeavour 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 mobilises a coalition of leading net zero initiatives.

The announcement comes on the heels of the firm announcing the successful commissioning of a 110 MW solar generation facility in Jaisalmer. A part of the eventual 2300 MW solar capacity that ReNew is bringing up in Rajasthan.

The firm has also been in the news recently for the definitive agreement it signed for a business combination with RMG Acquisition Corporation II, a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company at NASDAQ.