Microsoft Partners with ReNew for a Landmark Clean Energy Agreement

Tuesday, 27 August 2024, 07:38

Renewable energy is at the forefront as Microsoft signs a clean power sale agreement worth 437.6 MW with ReNew. This contract aims to generate over one million units of green electricity annually, driving Microsoft's goal of carbon negativity by 2030. ReNew is allocating $15 million from this deal towards environmental initiatives, showcasing a commitment to sustainable community development.
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Microsoft Partners with ReNew for a Landmark Clean Energy Agreement

Renewable Energy Deal Overview

Renewable energy plays a crucial role in today's sustainable future. Microsoft has officially signed a clean power sale agreement with ReNew for a substantial 437.6 megawatt (MW) capacity. This initiative aims to produce over one million units of green electricity attributes annually, ultimately supporting Microsoft's ambitious plan to become carbon negative by 2030.

Investment in Community and Environment

As part of this agreement, ReNew is directing about $15 million in revenue towards a community fund to enhance environment-focused initiatives. This collaboration will be made possible through the ReNew Foundation, which is dedicated to fostering sustainable communities and promoting climate action, particularly among women and youth.

  • Puneet Chandok, President, Microsoft India & South Asia, emphasized the importance of this partnership, stating it not only advances Microsoft’s sustainability goals but also benefits local communities.
  • Sumant Sinha, Founder-Chairman and CEO of ReNew, remarked that this deal aligns with their commitment to addressing socio-economic challenges related to climate change.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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