Zetwerk is looking to expand in the offshore wind segment in the US and Europe through this new investment, which will be funded through its balance sheet in a mix of debt and equity
With India’s target to reach 500 gigawatts of solar energy generation capacity by 2030, the company sees the solar sector in India and the US as a multi-decade opportunity
This comes days after Zetwerk commenced preliminary discussions with investment banker JP Morgan and other banks, eyeing a public listing in the next two years
Contract manufacturing startup Zetwerk plans to invest INR 500 Cr over the next two years to expand its manufacturing capacity for the renewables segment.
Zetwerk cofounder and chief operating officer Srinath Ramakkrushnan told Economic Times that the startup is looking to expand in the offshore wind segment in the US and Europe.