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Title: ReNew Power to buy 359 MW operational solar, hydropower assets for $384 mn
Source:Mint
Date:11 August 2021
ReNew Power is set to buy operational solar and hydropower generation assets totaling 359 MW for an enterprise value of $384 million, the green energy firm announced on 11 August 2021. The acquisition includes 99 MW Singoli Bhatwari Hydroelectric Project (SBHEP) in Uttarakhand from L&T Power Development Ltd and marks ReNew Power entry into the hydropower generation space. The plan also involves 260 MW solar project in Telangana.
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