ReNew Energy Global Plc (NASDAQ: RNW) started Friday’s trading in the red, as 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.
Said CEO Sumant Sinha: “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.
ReNew is a leading decarbonization solutions company whose clean energy portfolio of ~13.8 GWs on a gross basis as of September 30, is one of the largest globally.
RNW shares leaned lower by five cents to $6.82.
