Thailand’s PTT eyes ReNew Power’s solar assets, again

Thailand’s state-owned PTT Group, also the country’s biggest conglomerate, has restarted discussions to buy a 49% stake in solar assets of ReNew Power totalling 3GW, said people aware of the matter.

ReNew Power is the Indian arm of Nasdaq-listed ReNew Energy Global Plc., which was founded by Sumant Sinha in 2011. ReNew’s solar and wind portfolio totals 13.4 GW, of which 7.7 GW has been commissioned. Its solar asset base is 4.10 GW of commissioned and committed capacity.