ReNew Power nears ₹1,500 cr deal with Ayana Renewable
New Delhi: ReNew Power is close to inking an agreement to sell its wind farms in Karnataka to UK government-backed Ayana Renewable for ₹1,500 crore, according to people aware of the matter.
The wind farms being sold are housed in a single entity in which Ayana is likely to acquire 100% shareholding, according to these people.
“The negotiations are in final stages and would result in the transfer of around 300 megawatts (MW)of wind power generation facilities for which supply agreements with state electricity boards are in place,” a person in the know said.
