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RWE and Tata Power Renewable Energy Limited possess complementary strengths and will enable the establishment of a competitive offshore wind market in India.
Sensex and Nifty closed lower in volatile trade for the fourth straight session on Monday amid a sell-off across all sectors. Sensex ended 149 points lower at 57,683 and Nifty dropped 69 points to 17,206.
RWE and Tata Power have agreed on a partnership to explore the potential for a joint development of offshore wind projects in India. A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 percent subsidiary of Tata Power, which is one of India's largest integrated power companies, and RWE Renewables GmbH, one of the