ReNew and Gentari announce collaboration for 5 GW of renewable energy capacity

ReNew Energy Global Plc, through its subsidiary, ReNew Power Private Limited (ReNew) and clean energy solutions provider Gentari, through its subsidiary Gentari Renewables India Pte. Limited, have executed key terms to collaborate on a 50:50 joint venture (JV) in clean energy solutions.

As part of the proposed JV, Gentari and ReNew will collaborate to explore investments into the development of renewable assets including solar, wind and energy storage, to achieve a target of 5 GW in renewable energy capacity. The collaboration follows Gentari’s initial investment for a 49 per cent equity stake in ReNew’s 403 MW peak power project in May 2023. This will enable Gentari to make substantial progress in expanding its renewable energy portfolio and achieving its global ambition to build over 30 GW in renewable energy capacity by 2030. For ReNew, this partnership ties in with its strategy of collaborating with long-term partners, accelerating renewable energy transition and meeting its net zero target by 2040.