ReNew, Microsoft Seal 437.6 MW Green Energy Deal for Carbon Goals
POWER & RENEWABLE ENERGY

ReNew, Microsoft Seal 437.6 MW Green Energy Deal for Carbon Goals

In a significant advancement for India's renewable energy sector, ReNew signed a green attribute sale contract of 437.6 MW with Microsoft, aiming to generate over one million units of green electricity attributes annually. This strategic partnership highlights Microsoft's goal to achieve carbon negativity by 2030 and strengthens ReNew's dedication to promoting global decarbonisation efforts.

The agreement includes allocating approximately $15 million from the contract's revenue to a community fund. This fund will support environmental justice projects focusing on women?s livelihoods, energy access, rural electrification, and water quality improvement, especially in communities most affected by pollution and climate change. These initiatives will be carried out in collaboration with the ReNew Foundation, which is committed to fostering sustainable communities through targeted climate action.

Puneet Chandok, President of Microsoft India & South Asia, highlighted the dual benefits of the agreement, stating that Microsoft has set ambitious goals for renewable energy and decarbonisation. He noted that this agreement with ReNew not only accelerates Microsoft's progress toward these goals but also benefits local communities through projects such as rural electrification and efforts to improve women?s livelihoods. Chandok emphasized that Microsoft is taking a holistic approach by advancing its climate objectives while equipping the ecosystem with necessary technology to build a more resilient future.

In a significant advancement for India's renewable energy sector, ReNew signed a green attribute sale contract of 437.6 MW with Microsoft, aiming to generate over one million units of green electricity attributes annually. This strategic partnership highlights Microsoft's goal to achieve carbon negativity by 2030 and strengthens ReNew's dedication to promoting global decarbonisation efforts. The agreement includes allocating approximately $15 million from the contract's revenue to a community fund. This fund will support environmental justice projects focusing on women?s livelihoods, energy access, rural electrification, and water quality improvement, especially in communities most affected by pollution and climate change. These initiatives will be carried out in collaboration with the ReNew Foundation, which is committed to fostering sustainable communities through targeted climate action. Puneet Chandok, President of Microsoft India & South Asia, highlighted the dual benefits of the agreement, stating that Microsoft has set ambitious goals for renewable energy and decarbonisation. He noted that this agreement with ReNew not only accelerates Microsoft's progress toward these goals but also benefits local communities through projects such as rural electrification and efforts to improve women?s livelihoods. Chandok emphasized that Microsoft is taking a holistic approach by advancing its climate objectives while equipping the ecosystem with necessary technology to build a more resilient future.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement