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Japan’s Jera Accelerates Growth Of India’s ReNew Power With $200m Investment

JERA Co., a joint venture between two of Japan’s largest utility companies, Tokyo Electric Power Co., Inc. and Chubu Electric Power Co has invested $200m in ReNew Power, one of India’s largest clean energy companies, as its first investment in the Indian energy sector, where significant economic growth has brought increased demand for electricity. In addition, the Indian government has set a target of introducing 100 GW of solar and 60 GW of wind power generation by 2022. The acquisition of a 10 percent stake values ReNew Power at $2 bn.

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