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ReNew Signs 437.6 MW Green Attribute Contract with Microsoft
ReNew (NASDAQ: RNW), India's leading renewable energy company, has signed a 437.6 MW green attribute sale contract with Microsoft. This agreement, one of the largest corporate renewable energy deals in India, is expected to generate over one million units of green electricity attributes annually, supporting Microsoft's goal to be carbon-negative by 2030.
As part of the deal, ReNew will allocate approximately $15 million of revenue towards a community fund for environmental justice initiatives, focusing on women's livelihoods, rural electrification, and other community concerns. This initiative aligns with Microsoft's Environmental Justice priorities and will be implemented through ReNew Foundation.
The agreement is part of ReNew's recent signings totaling ~2.2 GW, increasing its portfolio to 15.6 GW. ReNew aims to double its renewable energy asset portfolio to over 21 GW by FY29, solidifying its role in India's clean energy transition.
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