ReNew Power becomes part of Global Lighthouse Network of the World Economic Forum

Renewable energy firm ReNew Power has become a part of the Global Lighthouse Network of the World Economic Forum (WEF), which recognises companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth.

The use of analytics and machine learning (ML) to increase the power yield and reduce the downtime of its solar and wind generation assets were noted by WEF making ReNew Power one of the two Indian companies to be recognised by the Global Lighthouse Network this year.ReNew’s Hubli facility was specifically nominated as a Global Lighthouse for its ground-breaking work.Due to the technology deployment, employee productivity of the company increased by 31 per cent and downtime for its assets reduced by 31 per cent, without incurring any additional capex.

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