ReNew Power forms joint venture with Korean major GSE&C for Rajasthan unit

ReNew Power Private Limited (ReNew Power), India’s largest renewable energy independent power producer, today announced a joint venture partnership with South Korea-based GS E&C for execution of its 300 MW solar power plant in Rajasthan. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded earlier this year.

GS E&C is one of South Korea’s largest construction and development firms and part of the GS Group, with an asset base of over $58 billion. This investment will mark the entry of GSE&C in the Indian renewable energy sector.

“We are delighted to be partnering with GSE&C for this project, as both ReNew Power and GS E&C are not only leaders in their respective businesses, but also bring excellent project execution and management skills.