ReNew Power signs pact with RackBank for renewable energy for data center

RackBank Datacenters Ltd has announced that it has signed a memorandum of understanding (MoU) with ReNew Power, whereby it will provide the company with 100% renewable energy to power its hyper-scale data center in India. According to the company, this pact will bring India its first "green" data center. 

As part of the MoU, RackBank Datacenters will also be able to offset its consumption of non-renewable power through purchasing green credits purchased from ReNew. This ability to offset means the facility will operate on a net-zero emissions basis. RackBank Datacenters' facility is currently 35,000 sq ft with a capacity of 800 racks and is expanding. 

Speaking about the collaboration between the two companies Sumant Sinha, founder, chairman, and CEO of ReNew Power, said, "The MoU between ReNew Green Solutions and RackBank reflects the commitment that responsible corporates are showing to shift towards cleaner energy sources to power their businesses."

He added: ReNew Power has been a pioneer in the renewable energy space and it has always been our endeavour to support firms looking to reduce their carbon footprint. We congratulate RackBank for embarking on this journey and look forward to our partnership for this potential 500 MW opportunity."

Meanwhile, Narendra Sen, CEO of RackBank Datacenters Limited, said that the pact will enable the company to move to a more sustainable future: "We are proud to build India's first green data center and are excited to partner with ReNew Power for clean power procurement. This initiative is one of the major check posts for RackBank's vision of a sustainable future, along with the several other green initiatives previously taken by our company."

Adding: "RackBank Hyperscale platform will enable 100% clean energy for our data center and through this partnership, we should be able to reduce our power cost by 30% compared to power consumption directly from the grid."