ReNew signs pact with Petronas’s green unit Gentari for 5GW projects
Gurgaon-based ReNew has signed a 50:50 joint venture with Gentari, a green energy company of Malaysian energy major Petronas.
Under the proposed joint venture, Gentari and ReNew will explore investments for the development of renewable assets, including solar, wind and energy storage, totalling 5GW in India.
In May this year, Gentari picked up a 49 per cent equity stake in ReNew’s 403 MW peak power project.
Gentari is looking to build close to 30 GW in renewable energy capacity by 2030.
