ReNew Power Private Limited signed definitive agreements for acquisition of operating wind and solar assets of a cumulative portfolio of 527.9 MW. The deal was valued at US$ 388 million.
DSK Legal advised ReNew Power Private Limited. The core team at DSK comprised Harvinder Singh (Partner), Shruti Dogra (Principal Associate), and Manhar Gulani (Senior Associate).
Aparajit Bhattacharya (Partner) acted as the lead engagement and relationship partner for ReNew on this transaction.
The legal due diligence team included Associate Partner Rimali Batra; Principal Associate Shruti Dogra; Senior Associates Anisha Bhattacharya and Manhar Gulani and Associates Arpita Nandi, Mala Mehto, Abhikalpa Ghosh and Nida Negi.
Link Legal represented the seller on the transaction.
The acquired 527.9 MW of operating wind and solar projects are spread across 40+ projects situated in eight Indian states, i.e. Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Telangana.
ReNew is one of the largest renewable energy independent power producers (IPPs) in India and globally. ReNew has a portfolio of 12.8 GW of renewable energy projects across India.
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