{"id":369960,"date":"2020-08-26T10:50:39","date_gmt":"2020-08-26T05:20:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369960"},"modified":"2020-08-26T10:50:39","modified_gmt":"2020-08-26T05:20:39","slug":"pe-firm-actis-in-talks-to-buy-renews-550-mw-capacity-for-around-%e2%82%b93000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pe-firm-actis-in-talks-to-buy-renews-550-mw-capacity-for-around-%e2%82%b93000-crore\/","title":{"rendered":"PE firm Actis in talks to buy ReNew\u2019s 550 MW capacity for around \u20b93,000 crore"},"content":{"rendered":"<p>NEW DELHI: Private equity company Actis Llp is in talks with India\u2019s largest independent renewable energy producer ReNew Power to buy 550 MW of its capacity for nearly \u20b93,000 crore, said two people aware of the development.<\/p>\n<p>The projects for sale by the Sumant Sinha-founded firm include 300 MW project at Pavagada solar park in Karanataka\u2019s Tumkur district and a 250 MW wind farm in Gujarat.<\/p>\n<p>Interestingly, the Gujarat project located in Kutch district was won by Ostro Kutch Wind Pvt. Ltd in April 2017. Post the 2018 acquisition of Actis-owned Ostro Energy by ReNew Power for an enterprise value of around $1.5 billion, the Kutch project became a part of Goldman Sachs and Canada Pension Plan Investment Board (CPPIB) backed ReNew Power portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Private equity company Actis Llp is in talks with India\u2019s largest independent renewable energy producer ReNew Power to buy 550 MW of its capacity for nearly \u20b93,000 crore, said two people aware of the development. The projects for sale by the Sumant Sinha-founded firm include 300 MW project at Pavagada solar park in Karanataka\u2019s Tumkur district and a 250 MW wind farm in Gujarat. Interestingly, the Gujarat project located in Kutch district was won by Ostro Kutch Wind Pvt. Ltd in April 2017. Post the 2018 acquisition of Actis-owned Ostro Energy by ReNew Power for an enterprise value [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-369960","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=369960"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369960\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}