Red Bull Racing has extended its engine partnership deal with Renault for a further five years, meaning the two companies will continue working together until 2016.
Having originally begun their association in 2007, the Red Bull Racing-Renault alliance helped deliver the World Championship last year and is on course to add more titles this campaign. The current Red Bull Racing deal ended in 2012, and the team had been close to extending it earlier this year before there was a late change in plans for when a new engine formula was being introduced in Formula 1.
The new deal will see more technical collaboration between Red Bull Racing and Renault, which will include KERS. Work will also be done together on developing innovative technical solutions for the new turbocharged V6 engines that are coming into F1 in 2014.
Red Bull Racing team principal Christian Horner said: "We're obviously thrilled to announce this significantly enhanced agreement with the Renault-Nissan Alliance, who we have enjoyed a close working relationship with since 2007. Renault Sport F1 has always been very straight-forward to work with, which has been a contributing factor to the on-going success of the Red Bull Racing Renault partnership
Jean-Francois Caubet, Managing Director of Renault Sport F1, added: "The V6 power units due to be introduced from 2014 represent a huge undertaking and to have the input, resources and vast in-house F1 car expertise of Red Bull Technology will help the team at Renault Sport F1 in Viry-Châtillon specify, design and develop a competitive unit from the start of the new regulations and optimize its structural integration into the chassis.
"Having this particular support will, of course, be to the advantage of our other team partners, who will indirectly benefit from the joint expertise of the Red Bull Racing and Renault Sport F1."
Renault will also power the Renault team, Williams and Team Lotus in F1 next year.
Red Bull Racing owner Dietrich Mateschitz said earlier this year that Renault was always its preferred option in terms of a long-term engine partner.
"We always tried to be associated with a big manufacturer," he said "Renault will remain our first approach for a deal for 2013 and beyond."