Suzlon Group to acquire a 76% stake in Renom Energy Services for $79m.

Suzlon Group, a renewable energy solutions provider, agreed to acquire a 76% stake in Renom Energy Services, a provider of technical services to manage and maintain renewable energy assets, for $79m. "With India's target to achieve 500 GW of renewable energy installations by 2030, we shall see a multitude of different technologies and wind turbines of various makes in the market going ahead. Renom has emerged as a single largest player in this domain with great strength and potential to tap further into this market segment. This acquisition aligns with Suzlon Group's vision of leveraging growth while safeguarding our country's renewable energy assets, irrespective of their original make," Girish Tanti, Suzlon Group Vice Chairman.