ReNew Power, and the UN Environment Programme (UNEP) have signed a memorandum of understanding to promote increased access to renewable energy and improved energy efficiency.The partnership between the two parties focuses on enhancing access to renewable energy and improving energy efficiency as part of the progressive strategies that India has adopted to achieve its Nationally Determined Contributions (NDC) under the Paris Agreement.
ReNew Power will partner with UNEP’s District Energy in Cities Initiative as an implementation partner for renewable energy installations across India with the aim of shifting the heating and cooling sector to an energy efficient one. The partnership will also implement solar off-grid projects, studies, and assessments. Joint efforts will be promoted through annual events to showcase contributions to India’s strategic vision on renewable energy.Through their association with UNEP, ReNew is looking to work on issues which have the potential to accelerate growth and bring about socio-economic change in the area of environment and clean energy.
In July 2020, ReNew Power has announced its plan to start manufacturing of solar cells and modules in India. The company will invest Rs 15-Rs 20 billion in setting up this facility, which will initially have a 2 GW manufacturing capacity. It is in discussion with various states to set up this unit. ReNew aims to create a globally competitive manufacturing unit. The company’s foray into manufacturing will not only help it in backward integration but also provide better control over the supply chain for critical components.