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Download ETEnergyworld App Get Realtime updatesSave your favourite articles Scan to download AppNew Delhi: Clean technology entrepreneur and former Managing Director of SunSource Energy Kushagra Nandan , today announced the launch of a new venture with bioenergy sector leader Varun Karad .
The new company, REnergy Dynamics (RED), will develop projects focusing on bioenergy and sustainable energy areas.REnergy is targeting to close orders worth Rs 5,000 crore by 2029 with Rs 575 crore worth of projects already confirmed and under execution, the company said in a statement.This business will come from the development of large scale bioenergy projects, providing EPC services to renewable energy developers, feedstock aggregation and its supply to CBG projects, and manufacturing and supply of biogas plangt components.
The company said it has also received orders for supply of biomass for bioenergy projects across multiple states.
"Through our scalable and customizable renewable energy solutions tailored to the unique needs of diverse industries, we aim to drive prositive change and inspire others to join the movement towards a greener, cleaner world," said Varun Karad who is the Chief Executive Officer (CEO) of RED.RED has a significant presence in Maharashtra, Uttar Pradesh, Telangana and Haryana though various bioenrgy projects.
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Save your favourite articles Scan to download App
New Delhi: Clean technology entrepreneur and former Managing Director of SunSource Energy Kushagra Nandan , today announced the launch of a new venture with bioenergy sector leader Varun Karad . The new company, REnergy Dynamics (RED), will develop projects focusing on bioenergy and sustainable energy areas.REnergy is targeting to close orders worth Rs 5,000 crore by 2029 with Rs 575 crore worth of projects already confirmed and under execution, the company said in a statement.This business will come from the development of large scale bioenergy projects, providing EPC services to renewable energy developers, feedstock aggregation and its supply to CBG projects, and manufacturing and supply of biogas plangt components."With the launch of our innovative bioenergy portfolio, we are proud to offer a transformative solution that not only addresses the pressing need for renewable energy but also contributes to circular economy by repurposing organic waste materials," Nandan, Chairman and Managing Director of the company, said.RED has a pipeline of self-owned bioenergy projects with projects under construction in south and West India, with a cumulative capacity of 50 tonne per day (TPD) of CBG and other projects in advanced stage of planning.The company is also executing three large scale EPC projects for setting up CBG units with cumulative capacities of 67 TPD for Reliance Industries (RIL). The company said it has also received orders for supply of biomass for bioenergy projects across multiple states."Through our scalable and customizable renewable energy solutions tailored to the unique needs of diverse industries, we aim to drive prositive change and inspire others to join the movement towards a greener, cleaner world," said Varun Karad who is the Chief Executive Officer (CEO) of RED.RED has a significant presence in Maharashtra, Uttar Pradesh, Telangana and Haryana though various bioenrgy projects.
