ReNew has signed a share purchase agreement to sell a 300 MW solar project, ReNew Solar Urja in Rajasthan, for $199 million to India Grid Trust.
The transaction is expected to close in accordance with PPA conditions, says the company. Approximately $8 million is set to also be received as an earn-out on account of change-in-law proceeds, after the first payment is realized.
“We are committed towards discipline in allocating capital as well as enhancing shareholder value through asset recycling,” says Kailash Vaswani, ReNew group CFO. “This reaffirms our ability to unlock value through the sale of assets and pursue more lucrative opportunities. We continue to see interest in the private markets for high-quality stabilized assets.”
ReNew Solar Urja, located in Jaisalmer, Rajasthan, was commissioned in December 2021. The project has been operational and revenue generating for the past two years.
The post ReNew to Sell 300 MW Project to India Grid Trust appeared first on Solar Industry.
If you’re looking for an indication as to how far the United States has fallen, what our president said at left here is a good measure.
To call it “childish” is an insult to little kids everywhere.
Oh, he’s simply a liar, to be sure. But let’s give him credit: that’s his one and only job, i.e., to sew complete BS into the minds of those least able to process it and see it for what it is.
He’s the male version of Karoline Leavitt: quite talented at lying at every turn to support the criminal-in-chief.
A 2024 state audit revealed that California spent $24 billion on homelessness programs between 2018 and 2023 but did not consistently track whether this spending reduced homelessness. The money is not physically “missing”; rather, the state failed to collect sufficient data to evaluate the effectiveness of the funds.
If you are implying that Gavin Newsom misappropriated these funds, you are a revolting human being.
If you infer from this that Newsom is a criminal, you’re a moron, and you’re a huge part of what makes this country so totally dysfunctional.
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