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ReNew and Societe Generale partner on $1b renewable collaboration
Investors - MAY 15, 2024

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ReNew and Societe Generale partner on $1b renewable collaboration

by Kali Persall

ReNew, an Indian renewable-energy company, has signed an agreement with Societe Generale, a European bank, to support the financing and development of various strategic energy-transition projects both in India and globally.

The agreement references up to $1 billion of support during the next three years, primarily including debt financing and advisory solutions. The parties will collaborate on utility-scale energy projects, such as solar, wind, complex renewables, green hydrogen, energy storage and solar modules manufacturing.

“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,” said Katan Hirachand, CEO and chief country officer of Societe Generale India. “This MoU marks an important step in our collaboration with ReNew — we look forward to supporting their significant growth ambitions and driving the deployment of gre

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