Societe Generale is a trusted partner for renewable energy projects, says Sinha
ReNew, India’s leading renewable energy company (NASDAQ: RNW), has signed a US$1 billion Memorandum of Understanding (MoU) with Societe Generale to support the financing and development of the company’s various strategic energy transition projects both in India and globally.
Under the MoU, which references up to US$1 billion of support over the next three years, primarily including debt financing and advisory solutions, both parties will leverage their respective expertise to strengthen the collaboration on utility-scale energy projects including solar, wind, complex renewables, green hydrogen, energy storage and solar modules manufacturing https://www.climate.gov/ .
ReNew http://renew.com Founder, Chairperson and Chief Executive Officer Sumant Sinha said on 15 May, “This MoU represents a key milestone towards our ambitions in India and worldwide. Societe Generale is a trusted partner for accelerated deployment of renewable energy projects, and this collaboration will contribute towards India’s net zero goals https://www.opec.org/opec_web/en/ .”
Societe Generale India http://societegenerale.com Chief Executive and Chief Country Officer Dr. Katan Hirachand added, “ReNew’s commitment to the energy transition in India and beyond aligns with Societe Generale’s focus on supporting our clients’ sustainability journey, in line with our Group’s ambition.
“This MoU marks an important step in our collaboration with ReNew – we look forward to supporting their significant growth ambitions and driving the deployment of green energy in the market.” Fiinews.com
