{"id":463364,"date":"2022-01-22T10:45:05","date_gmt":"2022-01-22T05:15:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463364"},"modified":"2022-01-22T11:25:37","modified_gmt":"2022-01-22T05:55:37","slug":"fourth-partner-buys-on-site-solar-assets-of-renew-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fourth-partner-buys-on-site-solar-assets-of-renew-power\/","title":{"rendered":"Fourth partner buys on-site solar assets of ReNew Power"},"content":{"rendered":"<p>Hyderabad-based Fourth Partner Energy has acquired the onsite distributed solar generation portfolio of ReNew Power for \u20b9650 crore, people familiar with the deal said.<\/p>\n<p>The assets, totalling 140 MW, are spread over 100 pan-India projects, set up at facilities where the renewable energy produced is consumed there itself. Most of these projects are operational.<\/p>\n<p>A formal announcement is likely to be made next week. The deal marks ReNew&#8217;s exit from the segment as it enters other areas like energy storage, green hydrogen and large-scale corporate deployments, the people said. <\/p>\n<p>Responding to ET&#8217;s email, ReNew Power said: &#8220;We don&#8217;t have any comment to offer on this.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyderabad-based Fourth Partner Energy has acquired the onsite distributed solar generation portfolio of ReNew Power for \u20b9650 crore, people familiar with the deal said. The assets, totalling 140 MW, are spread over 100 pan-India projects, set up at facilities where the renewable energy produced is consumed there itself. Most of these projects are operational. A formal announcement is likely to be made next week. The deal marks ReNew&#8217;s exit from the segment as it enters other areas like energy storage, green hydrogen and large-scale corporate deployments, the people said. Responding to ET&#8217;s email, ReNew Power said: &#8220;We don&#8217;t have any [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-463364","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463364","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=463364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}