ReNew (“ReNew”, RNW), India’s leading renewable energy company, has finalized a partnership with Mitsui & Co., Ltd. (“Mitsui”, 8031.T-JP: Tokyo Stock Exchange), a leading global general trading and investment firm.The partnership will see Mitsui invest in the RTC renewable energy project being developed by ReNew. The RTC project will consist of three newly built wind farms and one solar plus battery storage farm (1,300 MW in total plus up to 100 MWh battery storage) across the states of Rajasthan, Karnataka, and Maharashtra, and provide 400 MW electricity to SECI, an Indian central government-owned entity with an AA+ domestic debt rating by ICRA, a subsidiary of Standard & Poor’s. Continue to browse to read more about this partnership.
Mitsui to invest in ReNew’s RTC projects
“The RTC project, the first of its kind in India, provides the lowest cost and emission-free 24 X 7 renewable electricity. We are proud to partner with Mitsui, a leading global conglomerate, to support India’s green energy transition and look forward to strengthening this partnership in the future.”
Mr. Sumant Sinha, Chairman and CEO of ReNew
Mitsui to invest in ReNew’s Round-The-Clock project
Date: 6rd April, 2022; Source: ReNew Press Release
Japan’s Mitsui to invest in ReNew’s renewable energy project
Date: 06th April, 2022; Source: The Smart Investor (Business Standard)