ReNew Indicators MoU with RackBank to Power India's First Hyper-scale Data Center

• ReNew Power as well as RackBank reveal among India's largest 'Open Access' MoU's.
• ReNew will certainly create, own, and operate up to 500 MW of hybrid center to power RackBank.

Gurgaon-headquartered renewable resource business, ReNew Power today introduced the signing of a Memorandum of Comprehending (MoU) with RackBank Datacenters Limited (RackBank) to provide power with 100% renewable energy.

Under the MoU, ReNew will construct, co-own, and run a 500 MW of hybrid power generation facility especially to supply power to RackBank's data center. RackBank would certainly acquire green power produced from this center straight from ReNew, via the "Open Access" system.

RackBank is a data center system offering data center services including yet not limited to specialized servers, managed servers, and colocation solutions. ReNew will provide power created from renewable sources to RackBank's hyper-scale data center in India after authorizing a Power Purchase Agreement (PPA) with RackBank.

The MoU additionally attends to countering of non-renewable power eaten by RackBank's data center with green credit scores purchased from ReNew, making sure that the data center operates a totally net-zero discharges basis.

This project will be carried out as well as handled by ReNew Eco-friendly Solutions, ReNew Power's business-to-business arm, which offers ReNew's expanding listing of leading commercial as well as commercial clients, and also will result in the production of India's first green data center. This strategic relationship is just one of a kind as well as is expected to be a precedent for green power purchase by corporations in India.

According to the company, the Rackbank data center is spread over 35000 sq. ft. with a capacity of 800 shelfs as well as growing. The business jobs that it will certainly have 500 MW of IT framework ability in the following 5 years. This distinct project will certainly function as a future-secured system for data-driven firms to grow in a 100-percent clean energy center with absolutely no carbon impacts.

Mentioning the partnership, CEO of RackBank Datacenters Ltd., Mr. Narendra Sen revealed, "We are proud to develop India's initial green data center as well as are excited to companion with ReNew Power for clean power procurement. This effort is one of the significant check articles for RackBank's vision of a sustainable future, along with the a number of various other green campaigns previously taken by our company. RackBank Hyperscale system will allow 100% clean power for our data center and also via this collaboration, we need to have the ability to reduce our power price by 30% compared to power consumption straight from the grid."

While ReNew has actually reported a total ability of roughly 10 GW of wind as well as solar energy jobs across India, since March 31, 2021.

"The MoU shows the dedication that responsible corporates are showing to shift towards cleaner energy sources to power their businesses. ReNew Power constantly undertakings to support companies looking to minimize their carbon impact. We praise RackBank for embarking on this trip and also expect our partnership for this prospective 500 MW opportunity," says Mr. Sumant Sinha, Founder, Chairman, as well as CEO of ReNew Power.

Lately, ReNew Power has actually announced that it will be going to Gujarat for the advancement of a solar cell and module manufacturing plant. The plant will certainly generate 2 GW of solar cells as well as components yearly making use of cutting edge monocrystalline PERC (Passivated Emitter & Rear Call) and also huge wafer modern technology.