ReNew Power Announces Two Acquisitions Totaling 359 MWs of Renewable Energy Assets
ReNew signs binding agreements for the acquisition of two operating portfolios 99MW hydropower project in Uttarakhand, 260MW/330MWp solar projects in the state of TelanganaThe combined enterprise value of the acquisitions is around INR 28.5 billion (US$ 384.0 million) Adds approximately INR 3.8 – 4.0 billion (US$ 50.7 – 53.4 million) of EBITDA on a full-year basisReNew announces its entry into hydropower, enabling it to expand its offerings and provide value-added solutions to the market The transaction is expected to earn an equity return within ReNew's targeted range and is another step towards meeting its growth targets GURGAON, India, Aug. 11, 2021 /PRNewswire/ -- In line with its strat
