India: ReNew Power looks to buy Waaree Energies’s solar projects

India: ReNew Power looks to buy Waaree Energies’s solar projects

Founded in 2011 by Sumant Sinha, ReNew Power has now over 1,000 MW of operational capacity from its own wind and solar projects. Photo: Pradeep Gaur/Mint

ReNew Power Ventures Pvt. Ltd is exploring the acquisition of Waaree Energies Ltd’s solar power projects as it seeks to consolidate its position as India’s largest clean energy firm before a planned initial public offering (IPO), two people aware of the development said.

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