ReNew Announces Acquisition Of 2 Projects Worth Rs 2,850 Cr

ReNew Power on Wednesday announced acquisition of two clean energy projects at an enterprise value of Rs 2,850 crore. ‘In line with its strategy of organic and inorganic expansion, ReNew Power announced the acquisition of two assets with a combined enterprise value of Rs 28.5 billion (USD 384.0 million), which are expected to generate Rs 3.8-4 billion (USS 50.7-53.4 million) of EBITDA annually,’ a company statement said. ReNew announced that it will acquire L&T Uttaranchal Hydropower Ltd., which owns the Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd.,…

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