REnergy Dynamics Aims for ₹50 Billion Bioenergy Projects by 2029

REnergy Dynamics (RED), a company providing bioenergy and sustainable energy solutions, has been launched with the target of securing orders worth ₹50 billion (~$601 million) by 2029.

Founded by Kushagra Nandan, a clean tech entrepreneur and former MD of SunSource Energy, and Varun Karad, a bioenergy entrepreneur, RED aims to be an integrated techno-financial platform for developing sustainable energy projects.

RED  has ₹5.75 billion (~$69 million) worth of projects already confirmed and underway.

The company will concentrate on four main areas: developing company-owned large-scale bioenergy projects; providing engineering, procurement, and construction (EPC) services to renewable energy developers; aggregating and supplying feedstock for compressed biogas (CBG) projects; and manufacturing and supplying biogas plant components.

RED has a pipeline of self-owned bioenergy projects, with projects under construction in South and West India totaling 50 tons per day (TPD) of CBG and several other projects in advanced planning stages.

The company is also executing three large-scale EPC projects to establish CBG units with a combined capacity of 67 TPD for Reliance Industries, with two projects in West India and one in North India.

RED has also received orders for biomass supply 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 of RED.

Varun Karad, CEO, RED, said, “By unleashing the power of bioenergy, RED is poised to catalyze 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.”

In March, the Ministry of New and Renewable Energy invited proposals for innovative and new designs or material-based small biogas projects with a daily generation capacity of 1 to 25 cubic meters. The ministry sought significant changes to existing designs for simple, efficient, cost-effective village-level biogas usage.

Last year, the Ministry of New and Renewable Energy allotted physical targets to the biogas program implementing agencies to set up small projects under the Biogas Program Phase II for the fiscal year 2023-24. The year’s target was 15,205 biogas plants, with an additional 1,165 sanitary toilets linked to biogas plants.


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