Japanese utility JV invests in India’s ReNew Power

Facebook
Twitter
LinkedIn
Reddit
Email
ReNew currently operates 1.5GW of renewables assets and has 1.8GW under construction. Credit: ReNew Power.

UPDATED: Japan’s Jera Co, a joint venture between Tokyo Electric Power Group (TEPCO) and the Chubu Electric Power Group, has acquired a 10% stake, worth US$200 million, in Indian renewables firm ReNew Power Ventures Private Limited.

In Jera's first major transaction in the renewable energy space, a wholly-owned Jera subsidiary, has subscribed to newly issued shares from ReNew.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

ReNew currently operates 1.5GW of renewables assets and has 1.8GW under construction. Following the company’s founding six years ago, this latest investment round now values ReNew Power at US$2 billion.

The company has already received investments from the likes of Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Asian Development Bank (ADB), and Global Environment Fund (GEF).

A statement from Jera said that the company “looks forward to strengthening its relationship with ReNew and our co-shareholders in ReNew, and to making a positive contribution to India's economic growth and environmental sustainability through ReNew's success in developing its renewable energy capacity”.

Sumant Sinha, chairman and CEO of ReNew Power said, “We are delighted that JERA has chosen to enter the Indian renewable energy sector by investing in our ever-expanding and fast-growing company. Their belief and investment in us further reinforces our capabilities and commitment towards changing the future of India through transforming our country’s energy landscape. ReNew Power will continue to focus on developing sustainable and innovative solar and wind energy solutions and investing in high-quality projects to create positive returns for our stakeholders.

ReNew recently secured US$390 million funding from the Asian Development Bank (ADB).

The firm also raised INR5 billion (US$73.8 million) in green bonds to refinance debt for 90MW of wind projects in central India last November.

Read Next

July 17, 2025
Indian solar manufacturers are among the targets of a new petition filed by US producers alleging illegal trade practices by overseas firms.
Premium
July 17, 2025
Implementing greater policy clarity pertaining to the EPBD will be essential if Europe is to realise its distributed rooftop solar targets.
July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.
July 15, 2025
Indian renewable energy company SAEL Industries is developing a 5GW solar cell and 5GW module manufacturing facility in Greater Noida, Uttar Pradesh.
July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
July 9, 2025
Indian solar water pump and motor manufacturer Shakti Pumps has successfully raised INR2.9 billion (US$34.1 million) to build a solar cell and module manufacturing plant.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK