ReNew And Gentari Announce Strategic Collaboration For 5 GW Renewable Capacity In India
Portfolio Pulse from Benzinga Newsdesk
ReNew Power Pvt. Ltd. and Gentari Renewables India Pte. Ltd. have agreed to a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage, aiming for a target of 5 GW in renewable energy capacity. This follows Gentari's initial investment for a 49% equity stake in ReNew's 403 MW Peak Power project earlier this year.
July 26, 2023 | 1:24 pm
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ReNew's joint venture with Gentari could potentially increase its renewable energy capacity, following Gentari's initial investment in ReNew's Peak Power project.
The joint venture between ReNew and Gentari is expected to increase ReNew's renewable energy capacity. This, coupled with Gentari's initial investment in ReNew's Peak Power project, could potentially boost ReNew's stock in the short term.
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