ReNew Power Announces Its Addition to the World Economic Forum’s Global Lighthouse Network of Companies Leading in the Area...
15 Marzo 2021 - 1:52PM
Business Wire
- ReNew Power becomes World’s first clean energy company to be
recognised as a Lighthouse by World Economic Forum.
- ReNew joins cross-sector international network of companies
recognized for use of technology to grow their bottom line, without
increasing their environmental footprint.
- ReNew joins a diverse group of Lighthouse companies from the
tech, heavy industry, consumer products, healthcare and energy
sectors.
ReNew Power (“ReNew” or “the Company”), India’s leading
renewable energy company, today announced that it has been named to
the World Economic Forum’s (WEF) Global Lighthouse Network, which
recognizes companies using new technologies to achieve
environmentally sustainable, community supportive, profitable
growth. In announcing ReNew’s appointment, the WEF specifically
noted the Company’s recent investments in digital analytics and
machine learning to increase the power yield, and decrease the
downtime, of its solar and wind generation assets, as factors in
its appointment. ReNew is one of only two Indian companies to be
recognized by the Global Lighthouse Network this year.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210315005451/en/
As announced on February 24, 2021, ReNew has entered into
definitive agreement for a business combination with RMG
Acquisition Corporation II (NASDAQ: RMGB, RMGBW, RMGBU), a publicly
traded special purpose acquisition company (SPAC), that would
result in ReNew becoming a publicly listed company. Completion of
the proposed transaction is subject to customary closing conditions
and is expected to occur in the second quarter of 2021.
ReNew’s Hubli facility was specifically nominated as a Global
Lighthouse for its groundbreaking work in development and
deployment of advanced analytics and machine learning solutions to
increase the yield of ReNew’s wind and solar assets. The technology
deployment helped ReNew improve employee productivity by 31% and
reduce downtime for its assets by 31%, without incurring any
additional capital expenditure.
Speaking about the honor, Mr. Sumant Sinha, Founder, Chairman
and Chief Executive Officer of ReNew Power said, “We are
delighted to be named a Global Lighthouse company by the World
Economic Forum. The recognition is a testament to our
transformation efforts as we embark on our journey to become a data
driven, clean energy enterprise supporting India’s clean energy
transition. As we gain scale, we will embrace technology even
further, in a manner that helps us respond better to disruptions,
prepare for shifts in supply-demand balance, and prioritize
workforce development.”
The WEF Global Lighthouse Network is a group of 69 factories
which serve as a platform to develop, replicate, and scale
innovations, creating opportunities for cross-company learning and
collaboration, while setting new benchmarks for the global
manufacturing community.
Speaking about the Global Lighthouse Network, Mr. Enno de
Boer, Partner, McKinsey & Company and Global Lead of its
manufacturing work remarked, “The 69 Lighthouse
manufacturers open a window into the future of operations. Though
no industry is immune from digital transformation, four sectors are
resetting benchmarks - Advanced Industries, Consumer Packaged
Goods, Pharmaceutical and Medical products, and Heavy Industries.
We are seeing a paradigm shift emerge, from reducing cost to more
focus on enabling growth and environmental sustainability. The
Lighthouses are proving that unlocking smart capacity through
digital technologies is more effective than spending on capital
infrastructure.”
Speaking about the Lighthouse program, Mr. Francisco Betti,
Head of Shaping the Advanced Manufacturing and Production, World
Economic Forum said, “This is a time of unparalleled industry
transformation. The future belongs to those companies willing to
embrace disruption and capture new opportunities. Today’s
disruptions, despite their challenges, are a powerful invitation to
re-envision growth. The lighthouses are illuminating the future of
manufacturing and the future of the industry.”
ReNew Power, along with the World Economic Forum’s entire group
of Global Lighthouse Network companies will be officially
recognized at the “Lighthouse Live: Reimagining Operations for
Growth” online event on March 17, 2021 at 8:00 am EST / 2:00 pm CET
/6:30 pm IST. Interested parties may register for and attend the
online event by clicking the link below:
https://broadcast.mckinsey.com/332/4794/microsite/global-lighthouse-network-awards-2021.asp
About ReNew Power
ReNew Power Private Limited is India’s leading renewable energy
independent power producer (IPP) by capacity and is the 13th
largest global renewable IPP by operational capacity. ReNew
develops, builds, owns, and operates utility-scale wind and solar
energy projects, as well as distributed solar energy projects that
generate electric power for commercial and industrial customers. As
of December 31st 2020, ReNew Power had a total capacity of close to
10 GW of wind and solar energy projects across India, including
commissioned and committed projects. ReNew has a strong track
record of organic and inorganic growth. ReNew’s current group of
stockholders contains several marquee investors including Goldman
Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF
and JERA. For more information, please visit: www.renewpower.in;
Follow ReNew Power on Twitter @ReNew_Power
About Global Lighthouse Network
The Global Lighthouse Network is a community of production sites
and other facilities that are world leaders in the adoption and
integration of the cutting-edge technologies of the Fourth
Industrial Revolution (4IR). Lighthouses apply 4IR technologies
such as artificial intelligence, 3D-printing and big data analytics
to maximize efficiency and competitiveness at scale, transform
business models and drive economic growth, while augmenting the
workforce, protecting the environment, and contributing to a
learning journey for all-sized manufacturers across all geographies
and industries. The Global Lighthouse Network is a World Economic
Forum project in collaboration with McKinsey & Co, factories
and value chains that join the Network are designated by an
independent panel of experts.
No Offer or Solicitation
This press release is for informational purposes only and shall
neither constitute an offer to sell or the solicitation of an offer
to buy any securities, nor shall there be any sale of securities in
any jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210315005451/en/
Media Contacts Arijit
Banerjee arijit.banerjee@renewpower.in +91 9811609245
Madhur Kalra Madhur.kalra@renewpower.in +91 9999016790
Investor Contact Caldwell Bailey, ICR Inc. IR@renewpower.in
Grafico Azioni RMG Acquisition Corporat... (NASDAQ:RMGBW)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni RMG Acquisition Corporat... (NASDAQ:RMGBW)
Storico
Da Lug 2023 a Lug 2024