ReNew Energy (Nasdaq: RNW) sells 1055 MW projects for INR 50.8B

ReNew Energy sold 1,055 MW of solar projects in Rajasthan and Karnataka to Purvah Green Power Private Limited for an enterprise value of INR 50.8 billion (US$532 million), with an expected cash inflow of approximately INR 18.1 billion (US$190 million). The transaction includes long-term PPAs and an earn-out contingent on change-in-law orders, supporting ReNew's capital recycling and balance sheet flexibility.

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