- Press Releases
August 3 (Renewables Now) - India’s ReNew Power Pvt Ltd today said it has signed a memorandum of understanding (MoU) to supply renewable power to compatriot data centre platform RackBank Datacenters Ltd, representing a potential 500-MW opportunity.
The agreement calls for ReNew to build, co-own and operate a hybrid power generation facility that will supply green power to RackBank's “hyper-scale” data centre in India under a power purchase agreement (PPA). The data centre has a capacity of 800 racks and is growing, with RackBank expecting to have 500 MW of IT infrastructure capacity in the next five years, according to the announcement.
ReNew will also sell green credits to RackBank to offset the consumption of non-renewable power.
The deal will result in India's first green data centre, the company said.
“RackBank Hyperscale platform will enable 100% clean energy for our data center and through this partnership, we should be able to reduce our power cost by 30% compared to power consumption directly from the grid," commented RackBank chief executive Narendra Sen.