Bessco Power and Renergo Developers form joint venture for 1 GW solar projects in India and Nepal

Bessco Power, a New Delhi-based power sector company established in 2008, is expanding its renewable energy portfolio through a 1 GW utility-scale solar joint venture with Mumbai-based Renergo Developers. This partnership, announced on 2026-03-12, focuses on photovoltaic installations across India and Nepal. Bessco Power, historically involved in thermal and hydro projects, gains specialized solar development expertise from Renergo Developers, which has over 1.5 GW of solar and wind projects developed or under development in India. The joint venture allows Bessco to accelerate its solar capacity build-out, leveraging Renergo's proven track record in renewable project execution. For Renergo Developers, the collaboration provides a partner to scale its development pipeline beyond its existing 1.5 GW, while also extending its geographic presence into Nepal. Renergo Developers' existing portfolio of over 1.5 GW of utility-scale solar and wind power projects in India positions it as a specialized partner for the 1 GW solar development. This Mumbai-based firm's expertise in photovoltaic installations directly supports the joint venture's technical requirements for projects in India and Nepal. Bessco Power, established in 2008, has a broader power sector background, encompassing development, implementation, and operation of thermal, hydro, and renewable energy projects. The 1 GW solar joint venture represents a focused expansion for Bessco into utility-scale solar, diversifying its project types from its traditional thermal and hydro base. This partnership allows Bessco to enhance its renewable energy footprint, while Renergo benefits from a partner to co-develop 1 GW of new solar capacity across two distinct geographies.