ReNew unveils new brand identity as it reinforces leadership in providing decarbonisation solutions

Rhea-AI Summary

ReNew Power has rebranded itself as ReNew, reflecting its evolution from a renewable Independent Power Producer to a comprehensive solutions provider for decarbonisation. This strategic shift aims to enhance its offerings in green hydrogen, energy storage, carbon markets, and solar manufacturing to support global Net-Zero goals. With a clean energy portfolio of approximately 13.4 GWs as of September 30, 2022, ReNew is positioned as a leader in India's energy services sector. The company leverages digital technologies to meet diverse B2B market needs, reinforcing its goal of a swift, ethical transition to clean energy.

Positive

• ReNew's new brand identity enhances its market position in clean energy and decarbonisation solutions.
• The company is a leader in renewable energy, with a portfolio of approximately 13.4 GWs.
• Focus on emerging solutions like green hydrogen and energy storage aligns with global Net-Zero goals.

Negative

• None.

-  From ReNew Power to ReNew – The Future of Energy

GURUGRAM, India, Feb. 13, 2023 /PRNewswire/ -- ReNew Power, a pioneer in the renewable energy space, has made a strategic decision to rebrand itself as ReNew. The new brand identity reflects the company's transition from being a pure-play renewable Independent Power Producer to an end-to-end provider of solutions across the decarbonisation spectrum.

In line with its strategy to focus on the overall clean energy eco-system, ReNew has been leading the development of emerging decarbonisation solutions like green hydrogen, energy storage, carbon markets, and solar manufacturing, and is poised to further the Net-Zero transition goals of enterprises. The Company has been a pioneer in leveraging digital technologies to accelerate the transition to green energy and address the unique requirements of the B2B segment in India, where it enjoys market leadership. ReNew's new identity will reinforce its position as a leader in the energy services space and also a global brand with strong roots in India.  

Speaking on the occasion, Sumant Sinha, Chairman and CEO, ReNew, said, "ReNew aims to provide solutions that will enable companies and countries to make a rapid, urgent and ethical transition towards clean energy. ReNew's endeavour is to build on its renewable energy business, and widen its offerings across the spectrum, that support decarbonisation within the context of the future of energy." 

According to estimates, global power consumption is likely to triple by 2050 and decarbonisation will play a critical role in meeting sustainable development goals (SDGs) and strengthen the global action against climate change. 

About ReNew

ReNew is the leading decarbonisation solutions company listed on Nasdaq (Nasdaq: RNW) (Nasdaq: RNWWW). ReNew's clean energy portfolio of ~13.4 GWs on a gross basis as of September 30, 2022, 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, green hydrogen, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit renew.com  and follow us on LinkedIn, Facebook and Twitter

Logo: https://mma.prnewswire.com/media/2001127/ReNew_Logo.jpg

 

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SOURCE ReNew Energy Global plc

FAQ

What is the new brand identity of RNW and RNWWW as of February 13, 2023?

ReNew Power has rebranded itself as ReNew, emphasizing its transition to a comprehensive decarbonisation solutions provider.

How does ReNew plan to contribute to the decarbonisation landscape?

ReNew aims to provide solutions that include green hydrogen, energy storage, and carbon markets to support the Net-Zero transition.

What is the significance of ReNew's clean energy portfolio size?

ReNew's clean energy portfolio, approximately 13.4 GWs, makes it one of the largest globally, reinforcing its leadership in the sector.

How is ReNew leveraging digital technologies in its operations?

ReNew utilizes digital technologies to accelerate its transition to green energy and address the unique needs of the B2B segment in India.