REnergy Dynamics announces its entry into the Renewable Energy sector
The company targets ₹5000 crore order book by April 202; operations have begun with several owned and EPC projects already underway.
REnergy Dynamics (RED) has announced its official launch in the realm of renewable energy sector. Co-Founded by Kushagra Nandan (Serial Clean Tech entrepreneur, Co-Founder & former MD – SunSource Energy) and Varun Karad (BioEnergy Entrepreneur), RED will operate as an integrated techno-financial platform developing sustainable energy projects that contribute to a greener future.
REnergy Dynamics is a company dedicated to advancing the renewable sector with special focus on bioenergy and fostering sustainable energy solutions.
REnergy Dynamics is targeting to close orders worth ₹5000 crore by 2029, with ₹575 crore worth of projects already confirmed and under execution. This business will primarily come from four focus areas namely: development of company owned large-scale bioenergy projects; Engineering, Procurement, and Construction (EPC) services to Renewable Energy developers; feedstock aggregation and its supply to Compressed BioGas (CBG) projects to ensure a reliable feedstock supply; and manufacturing and supply of biogas plant components.
REnergy Dynamics has a robust pipeline of self-owned Bioenergy projects with under construction projects in South and West India, with cumulative capacity of 50 Tons Per Day (TPD) of CBG and several other projects already in advanced stages of planning.
Additionally, RED is executing three large scale EPC projects for setting up CBG units with cumulative capacities of 67 TPD for Reliance Industries Limited. Two of the under-construction projects are in West India and the third one is in North India. The company has also received orders for supply of biomass for Bioenergy projects across multiple States.
“Our mission at RED is to help preserve our planet and contribute to our nation’s goal of achieving net zero status by 2070. A key unlock of this journey lies in empowering communities and businesses to embrace sustainable energy,” said Kushagra Nandan, Chairman and Managing Director, REnergy Dynamics.
“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 the circular economy by repurposing organic waste materials,” Nandan added.
Speaking on the occasion, Varun Karad, CEO, REnergy Dynamics said, “By unleashing the power of bioenergy, RED is poised to catalyse a paradigm shift towards a more sustainable and resilient energy future. Through our scalable and customizable renewable energy solutions tailored to the unique needs of diverse industries, we aim to drive positive change and inspire others to join the movement towards a greener, cleaner world.”
RED has quickly established a significant presence in Maharashtra, Uttar Pradesh, Telangana, and Haryana through various bioenergy projects.
