An update from ReNew Energy Global ( (RNW) ) is now available.
On March 10, 2025, ReNew Energy Global Plc announced the completion of a 300 MW solar project sale in Jaisalmer, Rajasthan, initially disclosed on December 23, 2024. The transaction, valued at approximately $177 million, will result in a cash inflow of about $76 million for ReNew after transferring outstanding debt to the buyer. This sale includes potential additional earnings of up to $16 million due to changes in customs and safeguard duties and GST. The project, under a 25-year power purchase agreement with a tariff of INR 2.55/unit, is expected to generate an EBITDA of around $19 million, enhancing ReNew’s financial position and strategic focus on optimizing its asset portfolio.
More about ReNew Energy Global
ReNew Energy Global Plc operates in the renewable energy industry, focusing primarily on solar and wind power projects. The company is engaged in developing, owning, and operating clean energy projects across various regions, with a significant market presence in India.
YTD Price Performance: -10.44%
Average Trading Volume: 1,375,660
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.27B
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