Mitsui to invest in ReNew Power’s RTC projects

null

ReNew Power (“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.

“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 Power

MEDIA COVERAGE

null

Mitsui to invest in ReNew Power’s Round-The-Clock project

Date: 6rd April, 2022; Source: ReNew Power Press Release

Japan’s Mitsui to invest in ReNew Power’s renewable energy project

Date: 06th April, 2022; Source: The Smart Investor (Business Standard)

Japanese Mitsui to invest in ReNew project

Date: 06th April, 2022; Source: ET Energy World

Mitsui to Invest in ReNew Power’s Project

Date: 06th April, 2022; Source: Solar Quarter

Mitsui to invest in ReNew Power’s project

Date: 06th April, 2022; Source: The Financial Express

Japan’s Mitsui to invest in ReNew project

Date: 06th April, 2022; Source: The Economic Times

Mitsui to take 49% stake in ReNew Power’s project

Date: 06th April, 2022; Source: Moneycontrol