Torrent Power may buy ReNew Energy’s 1.1 GW capacity for $1.2 billion
Torrent Power may buy ReNew Energy’s 1.1 GW capacity, Ahmedabad-based energy company Torrent Power is likely to buy clean energy initiatives totalling 1.1 gigawatts (GW) from ReNew Energy Global Plc. According to a report by Mint, the company is in talks to seal the deal amounting to $1.2 billion and has submitted a non-binding provide (NBO) for ReNew’s photo voltaic and wind energy belongings of 350 megawatts (MW) and 750MW, respectively, at a fairness worth of…