ReNew Power sells Karnataka wind farms to Ayana Renewable for Rs 1600 crore

ReNew Power has sold its Karnataka wind farms to UK-government backed Ayana Renewable for Rs. 1600 crore, according to people aware of the matter.

The two parties signed definitive agreements for the transfer of ReNew’s portfolio of windfarms located in four Karnataka districts of Raichur, Bijapur, Belgaum and Bellary over the weekend putting an end to six months of negotiations that took place in the run-up to the deal. The windfarms can generate 300 megawatts of energy.

ET had first reported on the deal discussions in its edition on 3 June.