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ReNew Power, GS E&C form JV for 300 MW solar project in Rajasthan

Thursday, 12 Dec 2019
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ReNew Power has entered into a joint venture (JV) with South Korea- based GS E&C for execution of its 300 MW solar power plant in the state of Rajasthan.

The project is part of the capacity auctioned by the Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded  earlier in 2019.

The investment will mark the entry of GS E&C in the Indian renewable energy sector. ReNew Power will hold a majority 51 percent equity under the partnership, while GS E&C will hold the remaining share.

ReNew Power recently crossed the mark of five GW renewable energy generation milestone with commissioning of 250 MW solar plant in Bikaner.

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