ReNew Signs Deal with Anzen to Sell 300 MW Solar Asset in Rajasthan

26 Dec 2024 CW Team

ReNew Energy Global Plc (ReNew) announced that it had entered into an agreement with Anzen to sell its entire stake in its wholly owned subsidiary, ReNew Sun Waves (RSWPL), at an enterprise value of $176 million. As per the agreement, ReNew Private will transfer 100 per cent of its shareholding and economic interest in RSWPL, which owns a 300 MW operating solar asset, to Anzen India Energy Yield Plus Trust (Anzen).

In a regulatory filing, ReNew stated that it had signed a definitive agreement to sell RSWPL to Anzen. The transaction is expected to close once the contractual obligations and conditions precedent, including lender approval, are completed.

The enterprise value under the agreement is $176 million, subject to adjustments based on net current assets and other terms outlined in the definitive documents. Additionally, $17 million is anticipated as an earn-out due to the change in law proceeds, related to an increase in basic customs duty (BCD), safeguard duty (SGD), and goods and services tax (GST), after the first payment is made by RSWPL.

The 300 MW SECI solar project, located in Jaisalmer, Rajasthan, has been operational for three years. The power purchase agreement for the project has a tariff of Rs 2.55 per unit over 25 years.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..