Goldman Sachs-backed ReNew Power Ventures Pvt. Ltd is looking to acquire the solar power assets of Mumbai-based Waaree Energies Ltd, Mint reported, citing people aware of the matter.
Waaree Energies has about 100 megawatt of solar power assets across Andhra Pradesh and Madhya Pradesh.
Last week, Waaree Energies had raised Rs 100 crore ($15.6 million) in structured finance from Centrum Financial Services Ltd, besides a consortium of investors, including a global private equity fund.
ReNew Power has over 3,500 MW of commissioned and under-construction clean energy capacity across 16 states in India, according to its website.
It counts Goldman Sachs, Abu Dhabi Investment Authority, ADB and Global Environment Fund and Japans JERA …
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