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ReNew Power (ReNew) and Gentari Renewables India have executed key terms to collaborate on a 50:50 joint venture in clean energy solutions.
As part of this proposed joint venture, Gentari and ReNew will collaborate to explore investments into the development of renewable assets including solar, wind and energy storage, to achieve a target of 5 GW in renewable energy capacity. The collaboration between the parties follows Gentari's initial investment for a 49% equity stake in ReNew's 403 MW Peak Power project in May this year.