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Google, India’s ReNew sign deal for 150 MW solar project
ReNew has signed a long-term agreement with Google to support a 150 MW solar project in Rajasthan, India.
ReNew, an India-based renewable energy company, will enable Google to procure the project’s energy attributes under this deal.
The solar project is planned for commissioning in 2026.
ReNew said the agreement expands its commercial and industrial portfolio to 2.7 GW.
India is targeting 500 GW of non-fossil fuel energy capacity by 2030.
Google said this partnership will help it address emissions in its value chain and add new solar capacity to the national grid.
Financial details of the agreement were not disclosed.
🔗 Source: ReNew
🧠 Food for thought
Implications, context, and why it matters.
Deal uses EACs instead of buying power
- Google will receive environmental attribute certificates (EACs), tradable instruments that represent the renewable attributes of power generation, and will assign them to scope 3 (value chain) emissions to cover sources that cannot be tied to specific suppliers 1.
- Google is using its scope 3 framework for the first time, a method for matching new clean energy to value chain emissions to add capacity to the grid 1.
- This is not a direct power deal. The ReNew project sends its electricity to the grid while Google buys its environmental attributes instead of power 1.
- The agreement seeks to spark market activity. It gives companies a way to address value chain emissions when full supply chain data is unavailable 1.
Clean energy sellers can tap big tech scope 3 demand in India
- The deal makes clear that some tech firms will sign long-term contracts that enable new renewable projects to target hard-to-measure value chain emissions in supplier hubs like India 1.
- Service firms offering EAC procurement and scope 3 attribution models can target companies in Asia Pacific. These models assign clean energy certificates to specific emissions categories 1.
- States with Green Energy Open Access (GEOA) rules present near-term openings for corporate renewable procurement, with Rajasthan finalizing amendments and Tamil Nadu notifying comprehensive regulations in 2025 23.
- Clear rules on how the National Open Access Registry, India’s central platform for processing open-access power transactions, connects with state regulator portals create room for scalable solutions for multiple corporate buyers 2.
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