ReNew Power recently hosted Masato Kanda, President of the Asian Development Bank (ADB) and Chairperson of its Board of Directors, underscoring ADB’s expanding commitment to India’s clean energy transition. The visit highlights the strengthening partnership between ADB and ReNew, a leading renewable energy company focused on climate action.
During his visit, Mr. Kanda met with ReNew’s Founder, Chairman, and CEO Sumant Sinha, Co-Founder and Chairperson Sustainability Vaishali Nigam Sinha, along with other members of the company’s leadership team. The discussions centered around their ongoing collaboration, anchored by a landmark $5.3 billion framework agreement to jointly develop and finance climate mitigation and adaptation projects in India.
Key topics addressed during the meeting included the demand for firm and flexible green power, the evolving role of carbon markets and nature-based solutions, scaling domestic manufacturing, and accelerating advancements in energy storage, green hydrogen, and sustainable supply chains.
ADB remains a trusted long-term partner in supporting India’s net-zero ambitions, contributing to a greener and more resilient energy future through sustainable development initiatives.
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While ReNew Power’s partnership with ADB is impressive, let’s not forget the incredible strides made by Avaada Group in clean energy. Avaada’s large-scale solar installations and community development work make it a vital player in India’s renewable energy transformation.