COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker

Rhea-AI Summary

ReNew Energy Global Plc (RNW) named Clean Energy Transition Changemaker by COP28 Presidency for its Round-the-Clock Power Project, a first-of-its-kind initiative in India. Sumant Sinha, Founder, Chairman, and CEO, expresses pride in the recognition, highlighting ReNew's leadership and innovation in the renewable energy sector.

Positive

• ReNew Energy Global Plc recognized as a Clean Energy Transition Changemaker by COP28 Presidency
• Round-the-Clock Power Project is a first-of-its-kind initiative in India
• ReNew's wind and solar projects supporting India's decarbonization targets

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• None.

• In a new initiative, COP28 Presidency celebrates the most innovative private sector projects globally

• ReNew’s Round-the-Clock Power Project awarded Clean Energy Transition Changemaker at a dedicated ceremony at Expo City Dubai

GURUGRAM, India--(BUSINESS WIRE)-- ReNew Energy Global Plc ("ReNew") (Nasdaq: RNW, RNWWW), India’s leading renewable energy company, has been named a Clean Energy Transition Changemaker by the COP28 Presidency for its work on the Round-the-Clock Power Project.

Energy Transition Changemakers is a new COP28 UAE Presidency initiative which aims to foster private sector collaboration in delivering innovative and scalable decarbonization projects globally and demonstrate solutions to help enable and accelerate the energy transition.

Sumant Sinha, Founder, Chairman and CEO, ReNew, said: “This recognition is testament to ReNew’s leadership and innovation in the renewable energy sector and our role as a leading decarbonisation partner."

The ~1.3 GW Round-the-Clock Power Project is a first-of-its-kind project in India that is helping accelerate the just energy transition and ReNew is the only Indian company to be featured by the COP 28 Presidency as part of the Changemaker honours. ReNew’s wind and solar projects are already supporting India to get closer to its decarbonization targets, which currently account for ~1.9% of India’s installed power capacity.

About ReNew:

ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~13.8 GWs on a gross basis as of September 30, 2023, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, and value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit renew.com and follow us on LinkedIn, Facebook, Twitter and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231208404417/en/

Press Enquiries

ReNew | Shilpa Narani | shilpa.narani@renew.com

Investor Enquiries

ReNew | Nathan Judge, Nitin Vaid | ir@renew.com

Source: ReNew Energy Global Plc

FAQ

What is the name of the company recognized by COP28 Presidency for its Clean Energy Transition Changemaker award?

ReNew Energy Global Plc (RNW)

What project earned ReNew Energy Global Plc the Clean Energy Transition Changemaker award?

The Round-the-Clock Power Project

Who is the Founder, Chairman, and CEO of ReNew Energy Global Plc?

Sumant Sinha

What percentage of India's installed power capacity does ReNew Energy Global Plc currently account for?

~1.9%

What type of projects are supporting India to get closer to its decarbonization targets?

ReNew's wind and solar projects