Renault has announced that it has reached an agreement with Red Bull GmbH for the supply of Renault engines for the 2007 and 2008 Formula 1 seasons.

Red Bull GmbH will confirm at a later date which of its teams (Red Bull Racing and Scuderia Toro Rosso) will use Renault engines during the 2007 season.

Renault F1 Team President Alain Dassas and Renault F1 Team Managing Director Flavio Briatore commented: "It is positive for Formula 1 to have another team racing with a top-line, competitive engine, and this agreement will also reinforce Renault's presence in the sport. We look forward to working with a dynamic, ambitious company such as Red Bull."

Renault has a strong tradition of Formula 1 engine supply dating back to 1983, when the French manufacturer first supplied customer engines to Lotus. Lotus, Ligier, Tyrrell, Williams and Benetton all raced with Renault horsepower at different times during the 1980s and 1990s, scoring a total of 80 Grand Prix victories.