Separately, ReNew, which is set to list on the New York Stock Exchange, also acquired 260 Mw/330Mwp of operating solar project in Telangana. It pegged the combined enterprise value of the two acquisitions, including L&T’s project, at Rs 2,850 crore ($384 million).
ReNew Power enters hydro sector, acquires Larsen & Toubro unit
As part of the deal with L&T, ReNew will take over L&T Uttaranchal Hydropower, which owns the Singoli-Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development
 "ReNew entered Indian bond market in 2015 with three issuances of Rs 400 cr, Rs 280 cr and Rs 451 cr")
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ReNew Power said the addition of SBHEP, which has a pondage capacity of 2-3 hours, adds 200–300 Mw of low-cost hydro storage to ReNew’s portfolio.
Separately, ReNew, which is set to list on the New York Stock Exchange, also acquired 260 Mw/330Mwp of operating solar project in Telangana. It pegged the combined enterprise value of the two acquisitions, including L&T’s project, at Rs 2,850 crore ($384 million).
First Published: Aug 11 2021 | 9:46 PM IST
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