ReNew Energy, Gentari to develop 5 GW renewable energy in India

The companies signed a 50:50 joint venture.

India’s ReNew Energy through its subsidiary ReNew Power, and Gentari, through its subsidiary Gentari Renewables India entered a joint venture to develop five gigawatts (GW) of renewable energy capacity.

In a statement, Gentari said the proposed joint venture will involve exploring investment to develop solar, wind and energy storage assets.

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The partnership will support Gentari’s goal to build over 30 GW of renewable capacity by 2030 and ReNew’s net zero target by 2040.

Gentari’s initially invested in a 49% equity stake in ReNew’s 403 megawatts Peak Power project in May.