New Delhi: ReNew Energy Global Plc is looking to sell 1 gigawatt of its operational clean energy capacity at an enterprise value of around $1 billion as part of the company’s capital recycling strategy, two people aware of the development said.
The assets on offer include solar and wind assets and have an equity value of around $300 million, the people said, requesting anonymity. ReNew plans to sell existing assets and reinvest the proceeds in building new clean energy assets.
ReNew has a 13.4GW portfolio with a commissioned capacity of 7.7GW.
“If the value offered is good, capital recycling strategy is part of the plans for ReNew,” one of the two people cited above said.