now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect
SocGen, ReNew to invest US$1 billion in energy transition
Partners to deploy debt financing and advisory solutions for large-scale projects in India and globally
The Asset 16 May 2024

Société Générale has signed a memorandum of understanding with ReNew, a decarbonization solutions company based in India, to support the financing and development of energy transition projects in India and globally.

Under the MoU, the parties will invest up to US$1 billion in such projects over the next three years, primarily through debt financing and advisory solutions.

Leveraging their respective fields of expertise, the two will collaborate on utility-scale energy projects including solar, wind, complex renewables, green hydrogen, energy storage, and solar module manufacturing.

“ReNew’s commitment to the energy transition in India and beyond aligns with Société Générale’s focus on supporting our clients’ sustainability journey, in line with our group’s ambition,” says Katan Hirachand, chief executive and chief country officer of Société Générale India.

Sumant Sinha, founder, chairman and CEO of ReNew, adds: “Société Générale is a trusted partner for accelerated deployment of renewable energy projects, and this collaboration will contribute towards India’s net zero goals.”

Conversation
Jang Ping Thia
Jang Ping Thia
lead economist and economics department manager
Asian Infrastructure Investment Bank
- JOINED THE EVENT -
7th Asia Sustainable Infrastructure Finance Leaders Dialogue
Infrastructure of the future
View Highlights
Conversation
David Rees
David Rees
senior emerging markets economist
Schroders
- JOINED THE EVENT -
In-person roundtable
Securing the future
View Highlights