ReNew, Societe Generale Sign MoU to Widen Collaboration on Energy Transition Projects

ReNew India’s leading renewable energy company, has signed an MoU with Societe Generale, to support the financing and development of the company’s various strategic energy transition projects both in India and globally.

Under the MoU, which references up to USD 1 billion of support over the next three years, primarily including debt financing and advisory solutions, both parties will leverage their respective expertise to strengthen the collaboration on utility-scale energy projects including solar, wind, complex renewables, green hydrogen, energy storage and solar modules manufacturing.

Commenting on the development, Sumant Sinha, Founder, Chairperson and Chief Executive Officer of ReNew, said, “This MoU represents a key milestone towards our ambitions in India and worldwide. Societe Generale is a trusted partner for accelerated deployment of renewable energy projects, and this collaboration will contribute towards India’s net zero goals.”

Delivering their view, Dr. Katan Hirachand, Chief Executive and Chief Country Officer of Societe Generale India, said, “ReNew’s commitment to the energy transition in India and beyond aligns with Societe Generale’s focus on supporting our clients’ sustainability journey, in line with our group’s ambition. This MoU marks an important step in our collaboration with ReNew – we look forward to supporting their significant growth ambitions.”

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