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ReNew And Asian Development Bank Sign $5 3 Billion MoU For Decarbonization & Hydrogen Initiatives In India

URUGRAM, India ReNew Energy Global Plc ("ReNew") (Nasdaq: RNW, RNWWW), India’s leading renewable energy company and a preferred decarbonization partner, on

ReNew Signs MoU with Asian Development Bank for US$ 5 3 billion

The memorandum of understanding, a first of its kind in the Indian RE sector, was signed at the COP28 conference by ReNew Chairman and CEO Sumant Sinha and Suzanne Gaboury, ADB Director General,.

ReNew Energy inks MoU with Asian Development Bank for $5 3 billion

ReNew inks initial pact with Asian Development Bank for $5 3 bn funding

Renewable energy company ReNew Energy Global Plc has entered a $5.3 billion funding agreement through a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB). Signed at COP28 in Dubai, the MoU outlines collaboration on climate change projects, renewable energy investments, manufacturing, carbon offset initiatives, and green hydrogen. ReNew, led by Founder and CEO Sumant Sinha, aims to support India s target of achieving 500 GW of renewable capacity by 2030.

ReNew Signs MoU with Asian Development Bank for US$ 5 3 billion

ReNew Signs MoU with Asian Development Bank for US$ 5 3 billion
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