WEF 2023: ReNew Power explores green hydro project in India, Egypt
India’s ReNew Power, a unit of New York-listed ReNew Energy Global Plc is studying opportunities to expand into green hydrogen in India, Egypt and elsewhere, its chairman and CEO said on Monday.
The firm, which now generates nearly 1.8% of India’s total electricity annually, has a total capacity of 13 Gigawatts (GW) of wind and solar, including projects in the works.
ReNew Power is now studying green hydrogen opportunities, specifically in Egypt, having signed a framework agreement during the COP27 climate conference last year, Sumant Sinha told Reuters in Davos at the World Economic Forum.
“We have not taken any investment decisions at this point in time but we are doing development work to find if we can get to that point,” Sinha said.
