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Mitsui to Invest in ReNew Power’s Renewable Energy Project

ReNew Power and Japan’s Mitsui have signed an agreement in which Mitsui has agreed to invest in ReNew Power’s renewable energy project. The project will set up three wind farms and a solar-plus-battery storage farm in Rajasthan, Karnataka, and Maharashtra. It will provide 400 MW of electricity to the state-owned Solar Energy Corporation of India (SECI). The farm will have a capacity of 1,300 MW and 100 MWh in battery storage. The project will support India’s climate change commitments and target of advancing the renewable energy sector, a press release from the two companies said.

“The project provides the lowest cost and emission-free 24X7 renewable electricity. We are proud to partner with Mitsui to support India’s green energy transition and look forward to strengthening this partnership in the future,” Sumant Sinha, Founder and CEO of ReNew Power, said.

“We consider India an up-and-coming market for many reasons, including its high economic growth and strong commitment towards decarbonisation. Through this project, Mitsui will accelerate India’s clean energy transition together with ReNew,” said Ryoichiro Uno, General Manager in charge of infrastructure projects in India, the Middle East, and Africa of Mitsui.

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