CEAT acquires 26 per cent stake in Cleanwin Energy

CEAT Limited of RPG Group has completed the acquisition of 26 per cent stake in Cleanwin Energy which owns, operates and maintains a captive wind power generating plant in Maharashtra.  

The RPG Group company had signed a limited liability partnership (LLP) agreement in September2021, with Yellowstone Clean Energy, to invest up to Rs 6 million in Cleanwin Energy Five LLP.Cleanwin will provide 5 MW wind power to CEAT plants in Bhandup and Nashik.  This is in line with RPG Group’s plans to move to 50 per cent renewable power over the next three years.

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