ReNew

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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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Gamesa Secures 50MW Wind Farm Project With ReNew Power In Karnataka, India

Gamesa has secured a new order in India from ReNew Power, one of India’s leading independent power producers (IPP), for the EPC construction of a 50MW wind farm located in Bijapur, in the state of Karnataka. The agreement with ReNew Power encompasses the installation of 25 G114-2.0 MW class S turbines. With a tower height of 106 metres, this new turbine variant is custom-designed for the low wind speed sites typical of India. Since it’s a turnkey contract, Gamesa will also provide the infrastructure needed to install and operate the facility. The wind farm’s commissioning is scheduled for March 2017.

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