In India’s largest clean energy deal, ReNew Power Ventures last week acquired Ostro Energy Pvt. Ltd from global private equity fund Actis LLP at an enterprise value of $1.5 billion. In an interview, Actis partner Sanjiv Aggarwal, responsible for its Asia energy business, spoke about the firm’s prudent green energy auction strategy and a larger game plan for its second green energy platform—Sprng Energy Pvt. Ltd—by growing its 750 megawatts (MW) portfolio to 1.75 gigawatts (GW).
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