ReNew and Societe Generale signs MoU for energy transition projects of $1 billion over 3 years.

MOUs and Agreement

Renew has signed an agreement with Societe Generale to support the financing and development of its strategic energy transition projects in India and globally.The agreement involves up to $1 billion of support over the next three years, primarily through debt financing and advisory solutions.Under the agreement, they will focus on utility-scale energy projects, including solar, wind, complex renewables, green hydrogen, energy storage, and solar module manufacturing.


      ReNew signed five PPAs totaling 2.2 GW of renewable energy capacity.

      Three solar PPAs (800 MW) were signed at an average tariff of INR 2.59 per kWh.

      ReNew received Letters of Awards for an additional 5.8 GW of renewable energy capacity.

 

     


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