Actis looks to buy ReNew’s 550MW capacity
NEW DELHI : Private equity fund Actis Llp is in talks with ReNew Power, India’s largest independent renewable energy producer, to acquire more than half a gigawatt of green energy projects for an enterprise value of around ₹3,000 crore, said two people aware of the development.
This potential sale of 550 megawatt (MW) capacity would be the largest such deal in India’s clean energy space after the covid-19 outbreak.
These comprise a 300MW solar project at Pavagada Solar Park in Tumkur district of Karnataka and a 250MW wind farm in Gujarat.
