 "ReNew Power")
ReNew Power has formed a Joint Venture (JV) with US headquartered Fluence to form a new entity which will provide energy storage solutions in India. The 50:50 JV will target the country's storage market, which is estimated to grow to 27 GW by 2030, said the company in a public statement.
“Managed and operated by an independent management team and board, the JV aims to bring market-leading energy storage technology and global experience to Indian customers by localising and integrating Fluence’s energy storage products and packages in India,” the statement said.
The first project the JV will cater to is
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