ReNew Power targets $2-bn transmission projects, double-digit market share

ReNew Power, expanding across the energy sector supply chain, says it is aiming for double-digit market share in the transmission sector.
 
ReNew recently started participating in transmission project tenders. The firm hopes to grab around Rs 2 billion worth projects in the segment. Estimates say  the central and state governments will give out projects worth $20 billion (Rs 1.4 trillion). Promoted by Goldman Sachs, it started a ‘New Ventures’ division to explore opportunities in energy storage, power transmission, solar and wind-solar hybrid projects.
 
In August, it had bid for transmission projects worth Rs 1,500 crore but won none.