Climate Connect, which was co-founded by Sanand Sule and Nitin Tanwar with a shared vision to modernize power grids and lower energy costs with the help of Artificial Intelligence and Machine Learning, is now being acquired by Renew Power.
With this takeover, the company is now looking forward to enhance its offerings by adding energy management to its services list.
ReNew Power is the leading Independent Power Producer (IPP) of renewable energy in India when it comes to total energy generation capacity.
Their utility-scale solar and wind energy projects are present in more than 8 states of India. They also have more than 250 distributed solar installation sites that have presence in 76 cities in 17 different Indian states. As an IPP, they have always provided well-balanced services through various wind and solar projects.
ReNew Power’s acquisition of Climate Connect is anticipated to not just add to their digital capacities but also aid it to provide a variety of digital products to customers across the energy value chain.
ReNew Power is planning to operate Climate Connect as an autonomous subsidiary that will emphasis on forming a global team, software development procedures, outstanding data integrity and business expansion activities.
Conclusion :
This acquisition is definitely going to bring forth new products and services that will help make lives easier.
