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ReNew Power forms JV with Fluence to offer energy storage solutions

Thursday, 20 Jan 2022
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ReNew Power has formed a joint venture (JV) with US headquartered Fluence to form a new entity which will provide energy storage solutions in India.

The 50:50 JV will target the country's storage market which is estimated to grow to 27 GW by 2030.

The first project the JV will cater to is 50 MWh battery-based energy storage system (BESS) for ReNew Power’s 300 MW Peak Power Project in Karnataka. In 2019, Fluence delivered India’s first BESS project.
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