ReNew Power looks to expand its market share

ReNew Power will expand further into the open access segment and look to treble its market share by partnering commercial and industrial (C&I) players, people in the know of developments said.

“The plan is to expand from a present capacity of 500 megawatt (MW) to at least 3-5 gigawatts (GW) in the next three years,” a person with direct knowledge of ReNew’s plan told ET. “Over 400 MW of projects are currently under construction,” the person said on condition of anonymity.