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Bloomberg Quint

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Image Credit: Bloomberg Quint

ReNew Inks $176-Million Deal With Anzen To Sell 300 MW Solar Asset In Rajasthan

  • ReNew Energy Global Plc. has signed a $176 million deal to sell its 300 MW solar asset in Rajasthan to Anzen India Energy Yield Plus Trust.
  • ReNew Sun Waves Pvt., a wholly owned subsidiary of ReNew Energy, will sell its stake and economic interest in the operating solar asset.
  • The deal is subject to completion of contractual obligations, including lender approval.
  • The 300 MW solar project has been operational for three years and the power purchase agreement is priced at Rs 2.55/unit.

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