New Delhi (NVI): India’s one of the largest renewable energy producers, ReNew Power and the UN Environment Programme (UNEP) have signed a partnership agreement to promote increased access to renewable energy and improved energy efficiency.
The partnership between the two focuses on enhancing access to renewable energy and improving energy efficiency as part of the progressive strategies that India has adopted to realise its Nationally Determined Contributions (NDC) under the Paris Agreement, the UNEP statement said.
ReNew Power will partner with UNEP’s District Energy in Cities Initiative as an implementation partner for renewable energy installations across India with the aim of shifting the heating and cooling sector to an energy efficient one.
The partnership will also implement solar off-grid projects, studies, and assessments and joint efforts will be promoted through annual events to showcase contributions to India’s strategic vision on renewable energy, the statement added.
The renewable sources constitute about 23.6 per cent of total installed capacity in India. However, the country had a target of 175 gegawatt (GW) of renewables capacity by 2022.
In 2019, at UN Climate Action Summit in September, the Prime Minister Narendra Modi announced an increase in the target to 450 GW.
Vaishali Nigam Sinha, ReNew Power’s chief Sustainability Officer said, “At ReNew, we have always believed in going beyond our business and engaging with a wide range of stakeholders on multiple issues impacting various communities across the country.”
Through our association with UNEP, we are looking to work on issues which have the potential to accelerate growth and bring about socio-economic change in the area of environment and clean energy, she added.
“ReNew Power is a market leader in renewable energy and has demonstrated that clean energy makes ample business sense,” said Atul Bagai, Head of UNEP’s India Office.
We are proud to associate with them to push the envelope when it comes to clean and viable energy solutions for multiple applications in support of the climate goals and the 2030 Sustainable Development Agenda, he added.