150 MW solar project in Rajasthan to be commissioned in 2026, generating about 425,000 MWh annually and supporting India’s 500 GW non-fossil target
Long-term agreement expands ReNew’s committed corporate clean energy portfolio to 2.7 GW and underpins project bankability
Deal pioneers a new approach to Scope 3 emissions via environmental attribute certificates in a high-growth grid market
A Corporate Clean Power Bet in Rajasthan
ReNew Energy Global Plc and Google have signed a long-term agreement to enable the development of a new 150 megawatt solar project in Rajasthan, adding fresh renewable capacity to one of India’s fastest-growing power markets. Under the arrangement, Google will procure the project’s energy attributes, providing the long-term revenue certainty needed to finance and build the plant.
The project is scheduled for commissioning in 2026 and is expected to generate roughly 425,000 megawatt hours of clean electricity each year, equivalent to powering more than 360,000 Indian households. For ReNew, the agreement lifts its committed commercial and industrial portfolio to 2.7 gigawatts, reinforcing its role as a leading supplier of corporate renewable energy in India.
For Google, the deal is designed to tackle some of the most difficult emissions in its footprint: those embedded in a sprawling global value chain that stretches across Asia Pacific manufacturing hubs.
Financing New Capacity, Not Just Claims
Long-term procurement agreements remain a cornerstone of renewable project finance in emerging markets. In this case, Google’s commitment directly supports the bankability of a new solar asset, rather than reallocating existing clean power.
Vaishali Nigam Sinha, Co-founder and Chairperson, Sustainability at ReNew, framed the agreement as part of a broader shift in how global companies engage with India’s energy transition. “This partnership with Google reflects the growing global confidence in India’s clean energy ecosystem and ReNew’s ability to deliver climate-positive solutions at scale,” she said. “Long-term agreements of this kind are catalytic, they enable new renewable capacity, support India’s energy transition and help global companies meet ambitious sustainability commitments. We are proud to work with Google on a model that sets a powerful precedent for credible, high-impact climate action.”
The Rajasthan project also aligns with India’s national goal of reaching 500 gigawatts of non-fossil fuel capacity by 2030, a target that increasingly depends on private capital and corporate demand to complement state auctions and public financing.
RELATED ARTICLE: Google Releases AI Playbook To Streamline Sustainability Reporting And Corporate Transparency
A First-of-Its-Kind Scope 3 Structure
Google is positioning the deal as a practical test case for addressing value chain emissions at scale. Under the agreement, the company will receive the environmental attribute certificates associated with the solar generation and allocate them to Scope 3 emissions. These cover emissions that cannot easily be traced to a specific supplier, a persistent challenge for multinational companies with complex supply chains.
Vrushali Gaud, Global Director, Climate Operations at Google, said clean electricity remains central to the company’s growth strategy. “Clean, affordable electricity is central to our growth ambitions, both for our own infrastructure and for our value chain,” she said. “This novel agreement with ReNew is a critical strategic step; it brings new solar capacity onto the grid in a key region, and helps address challenging portions of our value chain emissions. We are committed to supporting India’s clean energy journey through this collaboration and contributing positively to the national grid.”
Google described the agreement as the first implementation of a Scope 3 framework outlined in a recently released white paper. The structure is built around two principles: adding new generation capacity through long-term contracts and directing capital to markets like India, where demand growth and grid expansion amplify climate impact.
Strategic Context for Investors and Policymakers
ReNew is already pursuing a Science Based Targets initiative aligned pathway toward net-zero emissions by 2040, backed by expanded renewable deployment, operational efficiency and value chain decarbonisation. The company has previously executed long-term renewable agreements with global technology firms, using corporate demand to accelerate grid decarbonisation.
For policymakers, deals like the ReNew–Google partnership highlight how multinational procurement strategies can reinforce national energy goals without relying solely on subsidies. For investors, they demonstrate how corporate offtake can de-risk projects in emerging markets while creating scalable models for Scope 3 emissions reduction.
Google noted that the Rajasthan project builds on earlier partnerships with energy developers that added 186 megawatts of wind and solar capacity across multiple Indian states. Together, these investments support India’s progress toward sourcing 50 percent of installed power capacity from non-fossil sources and signal growing confidence in corporate-led clean energy finance.
As India’s grid expands and corporate climate targets tighten, the structure tested in Rajasthan may offer a blueprint for how global companies can credibly channel capital into high-impact clean power markets while addressing emissions beyond their direct control.
Follow ESG News on LinkedIn
