Microsoft signs new renewable energy deal in India

Microsoft this week announced the signing of a green attribute sale contract of 437.6MW with  Indian renewable energy firm ReNew in a deal said to be amongst India's largest corporate renewable agreements.  As part of the agreement, ReNew will direct approximately $15 million of revenue from the contract towards a community fund to support environmental justice initiatives 
 

Puneet Chandok, president, Microsoft India & South Asia said: “Microsoft has ambitious renewable energy and decarbonization goals. This agreement with ReNew accelerates our progress towards these goals while benefiting local communities through initiatives such as rural electrification and initiatives to improve women’s livelihoods. We are taking a holistic approach that includes progressing our climate goals and empowering the ecosystem with the technology that is needed to build a more resilient future.”

“This is a significant milestone in ReNew’s journey to support the global decarbonization goals of governments and corporates. We are thrilled with this signing, as both companies have shared ambitions towards carbon neutrality,” added Sumant Sinha, founder, chairman, and CEO of ReNew. “As a sustainability-first organization, a just energy transition is integral to ReNew’s mission of creating a better world. This agreement will help us fulfil our commitment to the communities we operate amidst and address some of  the socio-economic aspects related to climate change.”