Recent Updates — RNW

ReNew Energy Global plc has signed a binding agreement to sell its entire equity shareholding in 3E, a European renewable energy asset performance management and analytics platform, to London-headquartered private equity firm Hg. The transaction represents a full exit from the investment originally made in 2E and is part of ReNew's capital recycling strategy. The sale is expected to realize approximately INR 8,000 Mn (c. US$ 84 Mn) in cash on an initial investment of c. INR 4,675 Mn (c. US$ 56 Mn). ReNew Energy Global plc operates as a leading decarbonization solutions company and independent power producer with a clean energy portfolio of approximately 20.5 GW.