Temasek, EQT Plans To Set Up $500 Mn Renewable Energy JV
Singapore's Temasek is collaborating with Swedish private value bunch EQT to lauch another sustainable renewable energy for India that will construct wind and solar powered homesteads ground up and obtain advantages for build up. A gathering of four senior officials from ReNew Power, drove by Chief Executive Officer Parag Sharma, is leaving their present association to lead this new stage 02 Power as the working supervisory crew, individuals mindful of the advancement told ET.
The two supporters have guaranteed an underlying value responsibility of $500 million as the seed capital. On the rear of that, the organization will be raising influence a few times to support both greenfield and brownfield ground-mounted tasks in wind and sun powered power. The spotlight will likewise be on nearness over the worth chain and half breeds, battery stockpiling and other boondocks clean-vitality activities.