{"id":784667,"date":"2023-09-18T15:03:01","date_gmt":"2023-09-18T19:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/renew-announces-clinton-global-initiative-commitment-to-business-driven-clean-energy-and-education-in-india\/"},"modified":"2023-09-18T15:03:01","modified_gmt":"2023-09-18T19:03:01","slug":"renew-announces-clinton-global-initiative-commitment-to-business-driven-clean-energy-and-education-in-india","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/renew-announces-clinton-global-initiative-commitment-to-business-driven-clean-energy-and-education-in-india\/","title":{"rendered":"ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India"},"content":{"rendered":"

<\/p>\n

ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India<\/b><\/p>\n

Commitment aims to boost clean energy production outputs; create behavior change in youth<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–ReNew Energy Global Plc<\/a> (\u201cReNew\u201d) (Nasdaq: RNW, RNWWW), India’s leading decarbonization solutions company, has announced the launch of its Clinton Global Initiative (CGI) Commitment to Action by tackling two of the toughest barriers to the renewable energy transition \u2014 clean energy production and youth education. This news was shared at the CGI 2023 Meeting in New York.<\/p>\n

\nAs India transitions to renewable energy, it grapples with the issue of increasing base load capacity through use of renewable energy resources. Currently, the average wind or solar plant in India generates no more than 25-30 percent of its potential energy output annually. In response to this challenge, ReNew is setting up India\u2019s first Round-The-Clock (RTC) project, capable of providing uninterrupted power to the energy grid. Energy storage solutions will be incorporated into the project, boosting the annual energy generation 80 percent.<\/p>\n

\nReNew, through its philanthropic arm ReNew Foundation<\/a>, will also engage with middle school-age students in clean energy education and awareness through ReNew\u2019s Young Climate Leaders Course. Because middle school is when many students begin to understand the science behind clean energy technologies. The initiative will focus on educating these students through a variety of efforts that empower and inspire them to lead a lifestyle for a positive environment.<\/p>\n

\n\u201cThe clean energy transition in India is underway and the country has made great progress in working toward its net-zero targets,\u201d said ReNew\u2019s Co-founder and Chairperson Sustainability, Vaishali N Sinha. \u201cThis Commitment to Action highlights ReNew\u2019s increased focus on driving climate action through investment in both the business and education of renewable energy. By investing in these areas, we will not only accelerate the country\u2019s transition to clean energy but empower the next generation to create a sustainable lifestyle.\u201d<\/p>\n

\nReNew will invest more than $1 billion into the RTC projects that are currently under construction in four locations across three states in India. These projects will be completed in 2024. As part of its commitment, ReNew will secure a supply of 400 Mw for household consumption as well as for Indian railways. Additionally, over the next two years, ReNew will roll out a phased approach to climate advocacy and education, modeled on core principles of Prime Minister Modi\u2019s call for \u2018LiFE\u2019 (i.e. Lifestyle for Environment). This program will include a baseline assessment of current knowledge, executing climate-focused activities such as sanitation drives in villages, developing smart classrooms and digital labs, and instituting a third-party-based behavior change study. It will focus on 200 schools in select states in India with a potential impact of 10,000 students.<\/p>\n

About ReNew<\/b><\/p>\n

\nReNew is India\u2019s leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew’s clean energy portfolio of approximately 13.7GW on a gross basis as of June 30, 2023, is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit renew.com<\/a> and follow us on LinkedIn<\/a>, Facebook<\/a>, Twitter<\/a> and Instagram<\/a>.<\/p>\n

About the Clinton Global Initiative (CGI)<\/b><\/p>\n

\nFounded by President Bill Clinton in 2005, the Clinton Global Initiative is a community of doers representing a broad cross section of society and dedicated to the idea that we can accomplish more together than we can apart. Through CGI\u2019s unique model, more than 9,000 organizations have launched more than 3,900 Commitments to Action \u2014 new, specific, and measurable projects and programs.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230918821449\/en\/<\/a><\/span><\/p>\n

ReNew Press Enquiries
\n<\/b>
Anu Bararia | anu@renew.com
\n<\/a>
Shilpa Narani | Shilpa.narani@renew.com<\/a><\/p>\n

Investor Enquiries
\n<\/b>
ReNew | Nathan Judge, Nitin Vaid | ir@renew.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States India North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Environment Other Energy Philanthropy Alternative Energy Green Technology Energy Foundation Primary\/Secondary Other Philanthropy Education<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India Commitment aims to boost clean energy production outputs; create behavior change in youth NEW YORK–(BUSINESS WIRE)–ReNew Energy Global Plc (\u201cReNew\u201d) (Nasdaq: RNW, RNWWW), India’s leading decarbonization solutions company, has announced the launch of its Clinton Global Initiative (CGI) Commitment to Action by tackling two of the toughest barriers to the renewable energy transition \u2014 clean energy production and youth education. This news was shared at the CGI 2023 Meeting in New York. As India transitions to renewable energy, it grapples with the issue of increasing base load capacity through use of renewable energy resources. Currently, the average wind or solar plant in India generates no more … <\/p>\n

Continue reading “ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-784667","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/renew-announces-clinton-global-initiative-commitment-to-business-driven-clean-energy-and-education-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India Commitment aims to boost clean energy production outputs; create behavior change in youth NEW YORK–(BUSINESS WIRE)–ReNew Energy Global Plc (\u201cReNew\u201d) (Nasdaq: RNW, RNWWW), India’s leading decarbonization solutions company, has announced the launch of its Clinton Global Initiative (CGI) Commitment to Action by tackling two of the toughest barriers to the renewable energy transition \u2014 clean energy production and youth education. 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