ReNew Power announces JV with GS E&C

摘要

ReNew Power announced a joint venture partnership with South Korea based GS E&C for execution of its 300 MW solar power plant in Rajasthan. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-Ⅳ auctions concluded earlier this year. GS E&C is one of South Korea's largest construction and development firms and part of the GS Group, with an asset base of over USD 58 billion. This investment will mark the entry of GS E&C in the Indian renewable energy sector. ReNew Power's Chairman and Managing Director Sumant Sinha said, "I expect the partnership to set new benchmarks in the Indian renewable energy space and look forward to executing more projects together."