ReNew Power and Gentari in JV to develop 5GW of Indian renewables

July 27, 2023
Facebook
Twitter
LinkedIn
Reddit
Email
ReNew Power’s 39MW Adoni solar project in Andhra Pradesh. Image: ReNew Power.

Indian independent power producer (IPP) ReNew Power and Malaysian Gentari’s Indian subsidiary, Gentari Renewables India, have established a joint venture (JV) to target 5GW of new renewable energy capacity.

The 50:50 partnership will pursue solar, wind and storage asset opportunities across India, and follows Gentari’s previous purchase of a 49% stake in ReNew’s 403MW Peak Power PV project.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We are elated to embark on this strategic collaboration with ReNew, as it holds tremendous potential for accelerating the development of renewable assets in India,” said Sushil Purohit, CEO of Gentari. The company has plans to develop 30GW of renewables worldwide by 2030.

Sumant Sinha, founder, chairman and CEO of ReNew said: “This partnership will be crucial in developing innovative solutions which will contribute significantly to India’s 2030 goal of achieving 500GW of installed renewable energy capacity.”

A report from JMK Research earlier this week showed that Indian solar PV deployments fell almost 20% in the first half of this year, which continued the difficult trend in the country’s solar market of late that has called its 500GW target into question.

In April, Renew Power raised US$400 million to support its growth and refinance existing debt.

Gentari – a subsidiary of oil major Petronas – signed an agreement with French fossil fuel giant TotalEnergies last month to develop a 100MW solar project in Queensland, Australia.

Read Next

October 29, 2025
French firms TotalEnergies and EDF, with local partners, secured contracts for 400MW and 600MW solar projects in Saudi Arabia, supporting Vision 2030 renewable goals.
October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 28, 2025
Fotowatio Renewable Ventures (FRV) Australia has announced the development of a 210MWdc solar project in New Zealand's Rangitikei District.
October 27, 2025
Chinese engineering firm Shanghai Electric has signed an engineering, procurement, and construction (EPC) contract with independent power producer (IPP) Econergy to build a 342MW solar PV plant in Romania.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany