Anagram Partners advised ReNew Power on the sale of ReNew Sun Waves which operates a 300 MW solar power asset to AnZen India Energy Yield Plus Trust for USD 193 million.
Rajesh Simhan
Shwetank Chaubey
Manoj Mahapatra
ReNew Power has signed a definitive agreement with Anzen India Energy Yield Plus Trust (AnZen Trust) to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL), which houses a 300-megawatt operating solar power asset in Jaisalmer, Rajasthan.
Founded in 2011, ReNew is a leading decarbonization solutions provider with 16.3 GW of commissioned and pipeline utility-scale projects. ReNew offers decarbonization solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage and leveraging digital technologies to accelerate the transition to green energy and address the unique requirements of the B2B segment in India.
AnZen Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial AuM of over INR 2,300 cr. AnZen Trust invests in energy assets including transmission lines and renewable power projects to provide long term predictable yield and growth to its investors.
Anagram Partners acted as the legal advisor to ReNew Power on this deal. The team was led by our Partner Rajesh Simhan and comprised Shwetank Chaubey and Manoj Mahapatra.
Read more at:
ReNew Energy Global to sell 300 MW solar power project for $193 million – The Hindu BusinessLine
ReNew sells 300 MW solar asset in Rajasthan – Industry News | The Financial Express
