Bessco Power and Renergo Developers have announced a strategic joint venture to develop 1,000 MW of renewable energy projects over the next 18–24 months. The initiative aims to strengthen clean energy infrastructure across India and Nepal, two markets experiencing rapid growth in renewable energy deployment.
Under the partnership, the companies will primarily focus on developing utility-scale solar power projects. In addition, the collaboration will evaluate opportunities in emerging clean energy sectors, including compressed biogas (CBG), green hydrogen, and green ammonia.
Focus on Scalable Renewable Infrastructure
Rajeev Chhikara, Founder and Chairman of Bessco Power Pvt. Ltd., said, “By combining strong development capabilities with strategic capital and execution platforms, this collaboration positions us to accelerate the deployment of large-scale renewable energy projects across India and Nepal.”
Nishant Goyal, Co-Founder of Renergo Developers, noted, “India and Nepal offer tremendous potential for renewable deployment, and this partnership enables us to combine our project development expertise with a strong strategic platform to deliver bankable projects at scale.”
Bharat Gulati, Managing Director of Bessco Power, highlighted the initiative’s broader long-term vision and the partnership’s potential role in the region’s energy transition.
“India and Nepal are entering a defining decade of clean energy growth. Through this partnership, our goal is to build a strong renewable energy platform that not only develops large-scale solar capacity but also supports the long-term energy transition of the region. With a target of 1,000 MW over the next 18–24 months, we see tremendous opportunity to contribute to sustainable economic growth while expanding into future-focused sectors like green hydrogen, CBG, and green ammonia,” he added.
Diversified Clean Energy Portfolio
The joint venture also aims to develop a diversified portfolio that extends beyond solar energy.
Mayank Rohilla, Co-Founder of Renergo Developers, said, “In addition to solar projects, we are actively exploring opportunities in green fuels such as hydrogen, ammonia, and bioenergy, which will play a critical role in the future energy landscape.”
The companies indicated that initial projects under the partnership are expected to move forward in the coming months. Several potential development opportunities are currently being assessed across India and Nepal as part of the planned renewable energy pipeline.