Fourth Partner Energy have purchased 140MWp of Rooftop Solar projects in India from ReNew Power. This makes us one of the largest Solar companies in rooftop space
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Hyderabad-based Fourth Partner Energy has acquired the onsite distributed solar generation portfolio of ReNew Power for ₹650 crore, people familiar with the deal said.
The assets, totalling 140 MW, are spread over 100 pan-India projects, set up at facilities where the renewable energy produced is consumed there itself. Most of these projects are operational.
A formal announcement is likely to be made next week. The deal marks ReNew’s exit from the segment as it enters other areas like energy storage, green hydrogen and large-scale corporate deployments, the people said. Read More…
