ReNew Energy Signs Long-Term Agreement with Google for 150 MW Solar Project
ReNew Energy Global (RNW) announced that it has signed a long-term agreement with Google (GOOGL) to enable the development of a new 150 megawatt solar project in Rajasthan. Under this partnership, Google will procure the project's energy attributes from ReNew. This long-term procurement is essential for the bankability of the project, and will also help Google make progress towards addressing its value chain emissions. The 150 MW solar project, scheduled for commissioning in 2026, is expected to generate approximately 425,000 MWh of clean electricity annually, which is equivalent to powering over 360,000 Indian households. With this agreement, ReNew's committed commercial and industrial portfolio expands to 2.7 gigawatts (GW), reinforcing its position as one of India's leading providers of corporate clean energy and carbon reduction solutions.
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- Intensifying Chinese Competition: Sam Altman, CEO of OpenAI, acknowledged at the India AI Impact Summit that Chinese tech firms' advancements in AI are “remarkable,” indicating increasing competitive pressure on OpenAI amid its upcoming $100 billion funding round and $830 billion valuation.
- Price War Underway: Chinese firm Zhipu AI charges $3 per month for AI access compared to OpenAI's $20 for ChatGPT Plus, highlighting OpenAI's disadvantage in pricing strategy, which could lead to a further decline in its market share.
- Model Competition Disadvantage: Market traders predict an 87% chance that Google's Gemini 3.5 model will be released by June 30, increasing competitive pressure on OpenAI, especially as its best model ranks far below those of Google and Anthropic, potentially impacting its IPO plans.
- Advertising Revenue Strategy: Altman confirmed that ads will be introduced to ChatGPT, and although plans are in early stages, in the context of an intensifying price war, ad revenue could become a vital path to profitability for OpenAI, reflecting the urgency in its revenue model.
- Expansion Plan Halted: New York Governor Kathy Hochul has suspended the robotaxi expansion proposal initially presented in last month's State of the State address, indicating a cautious approach towards the deployment of autonomous vehicles outside New York City, which may impact market strategies for related companies.
- Strict Application Requirements: The proposal mandated that AV companies seeking to expand outside NYC submit applications demonstrating local support for AV deployment and adherence to the highest safety standards, potentially increasing compliance costs and timelines for these businesses.
- Market Reaction: Following the suspension of the proposal, Alphabet's stock (GOOGL) slid 0.16% to $302.85 at market close on Thursday but rebounded 0.76% to $305.14 during overnight trading, reflecting market sensitivity to this policy shift.
- Industry Impact: Both Waymo and Tesla did not respond to inquiries regarding the matter, and the halt in expansion plans could affect their business strategies, especially as autonomous driving technology gains increasing attention, potentially altering the competitive landscape.
- Market Volatility: U.S. markets experienced volatility on Thursday due to escalating tensions with Iran, with the S&P 500 down 0.28%, the Dow Jones Industrial Average down 0.54%, and the Nasdaq Composite down 0.31%, indicating investor concerns over geopolitical risks.
- Rising Oil Prices: Oil prices surged nearly 2% in U.S. trading amid fears that military action could disrupt oil supplies from Iran, reflecting market anxiety over energy security and potentially leading to increased costs for related industries, impacting the broader economy.
- Blue Owl Capital Liquidity Tightening: Blue Owl Capital's sale of $1.4 billion in loan assets resulted in a nearly 6% drop in its stock, raising alarms about the stability of the private credit market, which could undermine investor confidence and exacerbate market volatility.
- Japan's Inflation Data: Japan's headline inflation rate fell to 1.5% in January, the lowest since March 2022, with core inflation easing to 2%, which may influence the Bank of Japan's monetary policy decisions and subsequently affect global market liquidity.
- Surge in AI Spending: In 2026, major companies like Amazon, Alphabet, and Meta are projected to spend around $500 billion on artificial intelligence, which will directly boost demand for Nvidia's GPUs and solidify its market leadership.
- Recovery in China: After facing export restrictions, Nvidia's sales to China have been approved again, and although an export tax will apply, this market's recovery is expected to significantly enhance the company's revenue and profitability in FY 2027.
- Analyst Optimism: Wall Street analysts forecast Nvidia's growth rate to reach 65% in FY 2027, with earnings per share (EPS) expected to rise from $4.69 to $7.74, providing strong support for the stock price.
- Significant Price Potential: Based on a conservative P/E ratio of 40, Nvidia's stock price could reach $309.60, representing a substantial increase from the current price of $185, and if the company exceeds earnings expectations, the stock could rise even higher, indicating strong investment appeal.
- Indictment for Theft: Three Silicon Valley engineers have been indicted by a federal grand jury for allegedly stealing trade secrets from Google and other tech firms and transferring them to Iran, facing multiple felony charges that could lead to up to 10 years in prison for each trade secret count if convicted.
- Exploitation and Concealment: The defendants exploited their positions at mobile computing processor companies to obtain hundreds of confidential files, including materials related to processor security and cryptography, and allegedly routed stolen data through third-party platforms, indicating deliberate efforts to evade detection.
- Google's Security Measures: Google detected the alleged theft through routine security monitoring and promptly alerted law enforcement, demonstrating the company's commitment to safeguarding confidential information through enhanced security measures, including restricted access and two-factor authentication.
- Legal Implications: If convicted, each defendant faces potential fines of up to $250,000 per trade secret charge and up to 20 years for obstruction of justice, highlighting the serious legal ramifications and potential impact on the tech industry.
- Indictment for Trade Secret Theft: Three Silicon Valley engineers have been indicted for allegedly stealing trade secrets from Google and other tech firms, with each facing up to 10 years in prison and $250,000 fines if convicted, highlighting the severe legal repercussions of corporate espionage.
- Exploitation of Positions: The defendants exploited their roles at leading mobile processor companies to obtain hundreds of confidential files, including critical information related to processor security and cryptography, indicating a significant threat to industry integrity and security.
- Concealment Tactics: The defendants allegedly routed stolen files through a third-party communication platform and took deliberate steps to conceal their identities, demonstrating a clear awareness of the legal consequences of their actions and complicating the prosecution's case.
- Google's Security Measures: Google detected the alleged theft through routine security monitoring and promptly enhanced its safeguards, including restricting employee access to sensitive information and implementing two-factor authentication, underscoring the company's commitment to protecting its trade secrets.











