REnergy Dynamics announces the launch of its renewable energy marketplace, ET EnergyWorld

Delhi NCR: REnergy Dynamics (RED), a company dedicated to advancing the renewable energy sector with a special focus on bioenergy and supporting sustainable energy solutions, proudly announced its official launch today. Founded by Kushagra Nandan (Serial Clean Tech entrepreneur, co-founder and former CEO – SunSource Energy) and Varun Karad (BioEnergy entrepreneur), RED will operate as an integrated technology and finance platform developing sustainable energy projects that contribute to a greener future .

With a commitment to environmental stewardship and technological advancement, and strong support from experienced leaders in integrated renewable energy projects, the new venture has set itself ambitious goals. REnergy Dynamics targets to close orders worth Rs 5,000 crore by 2029, with projects worth Rs 575 crore already confirmed and under execution. This activity will be based mainly on four main areas, namely: the development of large-scale bioenergy projects owned by the company; Engineering, Procurement and Construction (EPC) services for renewable energy developers; aggregation of raw materials and their delivery to compressed biogas (CBG) projects to ensure reliable supply of raw materials; and production and delivery of biogas installation components.

RED has a solid pipeline of proprietary bioenergy projects, including projects under construction in southern and western India with a total CBG production capacity of 50 tonnes per day (TPD) and several other projects that are already at advanced planning stages. Additionally, RED is implementing three large EPC projects for setting up CBG units with a total capacity of 67 TPD for Reliance Industries Limited. Two of the projects under construction are in the West Indies and the third is in North India. The company has also received orders to supply biomass for bioenergy projects in multiple states.

“Our mission at RED is to protect our planet and contribute to our country achieving net zero status by 2070. A key part of this journey is enabling communities and businesses to benefit from sustainable energy,” said Kushagra Nandan, President and Managing Director, RED .

“By launching our innovative bioenergy offering, we are proud to offer a revolutionary solution that not only meets the urgent demand for renewable energy, but also contributes to the development of a circular economy by reusing organic waste,” Nandan added.

Bioenergy, a renewable source derived from organic waste materials such as agricultural by-products, food waste and municipal solid waste, offers enormous potential to reduce greenhouse gas emissions and mitigate environmental degradation.

In a speech on the occasion, Varun Karad, CEO of RED, said: “By unlocking the power of bioenergy, RED is able to catalyze a paradigm shift towards a more sustainable and resilient energy future. With our scalable and customizable renewable energy solutions tailored to the unique needs of various industries, our goal is to drive positive change and inspire others to join the movement for a greener, cleaner world.”

REnergy Dynamics (RED) is a renewable energy development company in India, offering its clients an integrated bioenergy platform. RED’s portfolio of solutions includes: proprietary and large-scale bioenergy projects; EPC services for renewable energy developers; aggregation of raw materials and their delivery to compressed biogas projects; and production and delivery of biogas installation components. Through various bioenergy projects, RED has quickly established a significant presence in Maharashtra, Uttar Pradesh, Telangana and Haryana. The company is committed to sustainability and strives to make a positive social and economic impact on the communities and businesses it works with.

Posted May 30, 2024 07:59 EST

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