ReNew Power, a prominent player in the renewable energy sector in India, has unveiled ambitious plans to expand its renewable energy capacity to 50 GW, a substantial increase from its current 15.6 GW holdings by August 15, 2024. The company also aims to be a major player in green hydrogen production, committing to producing 1 million tonnes of green hydrogen annually to support India's target of installing 500 GW of renewable energy capacity by 2030. ReNew Power has forged a Memorandum of Understanding (MoU) with the Government of Gujarat, outlining investments totaling Rs 31,500 crore across three key projects. These projects include substantial ventures in solar and wind energy, along with establishing manufacturing facilities for solar components. Sumant Sinha, the Founder, Chairman, and CEO of ReNew, acknowledged the current challenge of high green hydrogen costs due to storage issues but expressed optimism about India's potential in developing a robust ecosystem for green hydrogen sooner than many other nations. He highlighted the importance of sectors like refining and fertilizer industries in driving the demand for green hydrogen and emphasized the role of renewables in powering this transition. ReNew's target to produce 1 million tonnes of green hydrogen annually represents a significant portion of India's projected 5 million tonnes by 2030, all powered by 25 GW of renewable energy. This initiative underscores ReNew Power's commitment to sustainability and aligning with India's renewable energy ambitions.