ReNew Power, RackBank Sign MoU to Support India’s First Hyper-Scale Data Center

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ReNew Power announced the signing of a MoU with RackBank Datacenters Limited to provide power with 100% renewable energy.

Under the MoU, ReNew will construct, co-own, and run a 500 MW of hybrid power generation facility especially to supply power to RackBank’s data center. RackBank would certainly acquire green power produced from this center straight from ReNew, via the “Open Access” system.

Rackbank data center is set up in a vast expanse of 35000 sq. ft. with a capacity of 800 racks and growing. The company projects that it would have 500 MW of IT infrastructure capacity in the next five years. This unique project would serve as a future-secured platform for data-driven companies to thrive in a 100 % clean energy facility with zero carbon footprints.

Speaking about the collaboration, Sumant Sinha, Founder, Chairman, and CEO of ReNew Power, said, “The MoU between ReNew Green Solutions and RackBank reflects the commitment that responsible corporates are showing to shift towards cleaner energy sources to power their businesses. ReNew Power has been a pioneer in the renewable energy space and it has always been our endeavour to support firms looking to reduce their carbon footprint. We congratulate RackBank for embarking on this journey and look forward to our partnership for this potential 500 MW opportunity.”

Mr Narendra Sen, CEO of RackBank Datacenters Limited commenting on the MoU, said “We are proud to build India’s first green data center and are excited to partner with ReNew Power for clean power procurement. This initiative is one of the major check posts for RackBank’s vision of a sustainable future, along with the several other green initiatives previously taken by our company. RackBank Hyperscale platform will enable 100% clean energy for our data center and through this partnership, we should be able to reduce our power cost by 30% compared to power consumption directly from the grid.”

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