ReNew Energy Global Plc has signed a long-term agreement with Google to support the development of a 150 megawatt solar power project in India’s Rajasthan.
Under the agreement, Google will procure the project’s energy attributes, a structure that ReNew said is critical to securing financing for the project. The arrangement is also intended to support Google’s efforts to address emissions across its value chain.
The solar project is scheduled to be commissioned in 2026 and is expected to generate around 425,000 megawatt-hours of electricity annually. ReNew said this output would be sufficient to meet the annual power needs of more than 360,000 Indian households.
With the addition of this project, ReNew’s committed commercial and industrial renewable energy portfolio increases to 2.7 gigawatts, reflecting continued growth in corporate renewable energy procurement in India.
“This partnership with Google reflects the growing global confidence in India’s clean energy ecosystem and ReNew’s ability to deliver climate-positive solutions at scale,” said Vaishali Nigam Sinha, Co-founder and Chairperson, Sustainability at ReNew. “Long-term agreements of this kind are catalytic, they enable new renewable capacity, support India’s energy transition and help global companies meet ambitious sustainability commitments. We are proud to work with Google on a model that sets a powerful precedent for credible, high-impact climate action.”
“Clean, affordable electricity is central to our growth ambitions, both for our own infrastructure and for our value chain,” said Vrushali Gaud, Global Director, Climate Operations at Google. “This novel agreement with ReNew is a critical strategic step; it brings new solar capacity onto the grid in a key region, and helps address challenging portions of our value chain emissions. We are committed to supporting India’s clean energy journey through this collaboration and contributing positively to the national grid.”
India has set a target of achieving 500 gigawatts of non-fossil fuel energy capacity by 2030, with corporate renewable energy agreements playing an increasing role in supporting new generation capacity. ReNew said it is pursuing a Science Based Targets initiative-aligned pathway towards net-zero emissions by 2040.
