ReNew, a leading decarbonization company in India, is set to sell its 300 MW solar project in Rajasthan, ReNew Solar Urja Private Limited, to India Grid Trust for $199 million. The transaction, aligned with ReNew’s strategy for shareholder value enhancement, is expected to yield a $82 million cash inflow, reflecting strong investor interest in ReNew’s assets and emphasizing the company’s commitment to capital recycling and high-return investments.
ReNew sells 300 MW Rajasthan solar project to India Grid Trust
Renew sells a 300 MW solar project in Rajasthan to India Grid Trust for $199 million. Imagecredt: Pexels
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