Advised ReNew on the sale of its stake in ReNew Surya Ayaan, a 300 MW solar power project, and Koppal Narendra Transmission to IndiGrid Infrastructure Trust at a combined enterprise value of over INR 21 billion.

ReNew Solar Power Private Limited and ReNew Transmission Ventures Private Limited, subsidiaries of ReNew Power have signed definitive agreements with IndiGrid Infrastructure Trust (IndiGrid) for the sale of two major renewable energy assets – ReNew Surya Ayaan, a 300 MW solar power project, and Koppal Narendra Transmission, a build-own-operate-maintain inter-state transmission system project. These acquisitions will be completed through two separate transactions at a combined enterprise value of over INR 2,100 crore.

IndiGrid is India’s first listed power sector Infrastructure Investment Trust (InvIT) established in 2016. It owns, operates, and manages power transmission, renewable generation, and energy storage assets that deliver reliable power throughout India. Sponsored by KKR and listed on Indian stock exchanges, IndiGrid operates with the objective to empower the nation by delivering reliable power to each and every home while also creating value for its investors.

ReNew Energy Global plc is a leading decarbonisation solutions company listed on the NASDAQ. In addition to the ReNew group being a major independent power producer in India, the ReNew group provides end-to-end solutions in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change.

Anagram Partners acted as the legal advisor to ReNew on this transaction. The team was led by our Partner, Simone Reis and comprised Shwetank Chaubey and Nilomi Doshi.

Read more at:

IndiGrid to buy 2 assets worth over ₹2100 crore – The Hindu BusinessLine

IndiGrid to acquire transmission, solar assets for Rs 2,100 cr – The Economic Times