India’s leading renewable energy company, ReNew, announced the signing of a Memorandum of Understanding (MoU) with Societe Generale. The agreement aims to bolster the financing and development of ReNew’s strategic energy transition projects in India and globally.
The MoU outlines up to USD 1 billion of support over the next three years, encompassing debt financing and advisory solutions. This collaboration will focus on utility-scale energy projects, including solar, wind, complex renewables, green hydrogen, energy storage, and solar modules manufacturing.
Sumant Sinha, Founder, Chairperson, and Chief Executive Officer of ReNew, stated: “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.”
Dr. Katan Hirachand, Chief Executive and Chief Country Officer of Societe Generale India, remarked: “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.”
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