ReNew to sell assets worth 1 GW

As part of the company’s capital recycling strategy, ReNew Energy Glo­b­al Plc is looking to sell 1 GW of its operational clean energy capacity at an enterprise value of around $1 billion. ReNew plans to sell the existing assets and reinvest the proceeds in building new clean energy assets. The assets on offer include solar and wind assets and have an equity value of around $300 million. Additionally, the energy company is open to selling a minority stake at the project level or going for an asset sale if the valuation is good.