Renew Power rebrands itself as Renew

New Delhi: ReNew Power on Monday said that the company has rebranded itself as ReNew and the new identity marks the company’s transformation from a pure-play renewable independent power producer to an end-to-end provider of solutions across the decarbonization spectrum. depicts.

In line with its strategy to focus on the overall clean energy eco-system, ReNew is leading the development of emerging decarbonization solutions such as green hydrogen, energy storage, carbon markets and solar manufacturing, and to advance the net-zero transition is ready. Target.

“The company has been a pioneer in leveraging digital technologies to accelerate the transition to green energy and meet the unique needs of the B2B segment in India, where it enjoys market leadership… ReNew’s new identity as a leader will strengthen its position. A global brand with strong roots in the energy services sector and also in India.”

Renew aims to provide solutions that will enable companies and countries to make a rapid, immediate and ethical transition towards clean energy. about the future of energy,” said Sumant Sinha, President and CEO of ReNew.

According to industry estimates, global electricity consumption is expected to triple by 2050 as electrification and living standards increase. De-carbonization will play an important role in meeting the Sustainable Development Goals (SDGs) and strengthening global action against climate change.

ReNew Power is studying green hydrogen opportunities, particularly in Egypt, following a framework agreement signed during the COP27 climate conference last year, Sinha told Reuters at the World Economic Forum in Davos last month.

“We haven’t made any investment decisions at this point in time, but we are doing development work to see if we can get to that point,” Sinha said. The plant will be located about 200 kilometers south of the capital Cairo and green hydrogen. It has been said in the report that it will be sent through the Suez Canal.

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