Japanese outfit Jera has agreed to acquire a 10% equity stake in Indian renewable energy company ReNew Power Ventures.
Jera, a 50:50 joint venture between Tokyo Electric Power and Chubu Electric Power, will make available technical, operational, project development and management experience to ReNew Power.
The deal will be Jera’s first major transaction in renewable energy.
ReNew operates 1.5GW of wind and solar assets and has 1.8GW of assets under construction.
Image: ReNew Power wind farm (Jera)
